Financial Performance - For the six months ended October 31, 2025, revenue was approximately HKD 15.8 million, a decrease of about 3.1% compared to HKD 16.3 million for the same period in 2024[11] - The profit attributable to equity holders for the same period was approximately HKD 31.3 million, compared to a loss of HKD 2.0 million in 2024[11] - Basic and diluted earnings per share for the period were approximately HKD 0.1272, compared to a loss per share of HKD 0.0081 in 2024[11] - Net profit for the six months ending October 31, 2025, was approximately HKD 31.3 million, a significant increase from a net loss of HKD 2.0 million for the same period in 2024[20] - Profit before tax for the period was HKD 31,348,000, compared to a loss of HKD 1,997,000 in the previous year[51] - The profit attributable to equity holders for the six months ended October 31, 2025, was HKD 31,348,000, a turnaround from a loss of HKD 1,997,000 in 2024[76] Dividend Policy - The company does not recommend the payment of an interim dividend for the six months ended October 31, 2025, consistent with 2024[12] - The board of directors does not recommend the payment of an interim dividend for the six months ended October 31, 2025, consistent with the previous year[41] - The company did not declare an interim dividend for the six months ended October 31, 2025, consistent with the previous year[75] Operational Overview - The business primarily engages in site formation and renovation works in Hong Kong, with a focus on improving market conditions through government infrastructure investments[14] - The company faces increasing operational costs and intense market competition but aims to expand its business and enhance shareholder returns[14] - Future strategies include diversifying into property development projects and potential investments for capital appreciation and stable rental income[14] - The company will continue to strengthen its competitive advantages in the construction industry and expand its operations to increase shareholder returns[14] - The revenue decline was primarily due to a reduction in site formation and renovation works conducted in Hong Kong during the reporting period[15] - The company operates as a single business segment in the construction industry, with no separate reporting of segment analysis due to its geographical concentration in Hong Kong[15] Financial Position - Total assets as of October 31, 2025, were HKD 111,317,000, up from HKD 73,848,000 as of April 30, 2025[53] - Net current assets increased to HKD 86,471,000 from HKD 55,123,000 in the previous period[53] - Cash and bank balances as of October 31, 2025, were approximately HKD 2.6 million, a decrease of about HKD 0.5 million from HKD 3.1 million on April 30, 2025[21] - Cash and cash equivalents decreased to HKD 2,581,000 from HKD 3,074,000 at the end of the previous period[58] - Trade receivables as of October 31, 2025, amounted to HKD 42,940,000, down from HKD 44,762,000 as of April 30, 2025, showing a decrease of about 4.1%[77] - Contract assets increased to HKD 10,599,000 as of October 31, 2025, compared to HKD 9,785,000 as of April 30, 2025, marking an increase of approximately 8.3%[81] - Trade payables increased to HKD 6,990,000 as of October 31, 2025, from HKD 2,864,000 as of April 30, 2025[84] - Retention payables amounted to HKD 12,595,000 as of October 31, 2025, up from HKD 4,333,000 as of April 30, 2025[85] - Total trade and other payables reached HKD 24,819,000 as of October 31, 2025, compared to HKD 18,698,000 as of April 30, 2025[84] Expenses and Costs - Administrative expenses rose by approximately HKD 2.9 million or 54.7% to HKD 8.2 million for the six months ending October 31, 2025, primarily due to increased employee costs and marketing expenses[18] - Employee costs, including director remuneration, rose to HKD 1,610,000 in 2025 from HKD 1,171,000 in 2024, reflecting an increase of approximately 37.5%[72] - Administrative expenses rose to HKD 8,174,000 from HKD 5,341,000 in the previous year[51] Investments and Assets - The total investment in Fuyue Holdings Limited was approximately HKD 2.9 million, with a fair value change of HKD 13.3 million as of October 31, 2025[31] - The company held investments in China Integrated Holdings Limited and China National Cultural Industry Group Limited, with total investments of approximately HKD 2.0 million each, reflecting fair value changes of HKD 16.7 million and HKD 4.4 million respectively[32] - The fair value of listed securities classified as held for trading investments was HKD 59,979,000 as of October 31, 2025, compared to HKD 21,176,000 as of April 30, 2025[83] Corporate Governance - The company is committed to maintaining high standards of corporate governance to build trust with shareholders and stakeholders[39] - The board confirmed compliance with the GEM Listing Rules regarding securities trading by directors for the reporting period[40] - The company has adopted a share option scheme to incentivize directors and eligible employees, with the aim of attracting and retaining talent[48] - As of October 31, 2025, a total of 45,440,000 stock options remain unexercised, with exercise prices ranging from HKD 0.12 to HKD 0.7[46] - As of October 31, 2025, the company’s director, Ms. Li Yixuan, holds 1,600,000 stock options, representing 0.65% of the company's issued share capital[34] - No major shareholders or other individuals reported interests in the company's shares or related securities as of October 31, 2025[35] Other Financial Metrics - Other income and gains recorded approximately HKD 38.8 million for the six months ending October 31, 2025, compared to HKD 3.0 million for the same period in 2024, mainly due to fair value changes in financial assets[19] - Other income for the six months ended October 31, 2025, was HKD 38,709,000, significantly higher than HKD 2,966,000 in 2024, reflecting a growth of approximately 1203.5%[71] - The company reported a net cash outflow from operating activities of HKD 493,000, compared to HKD 6,849,000 in the same period of 2024[58] - The company has not reported any significant temporary differences, resulting in no deferred tax provision for the period[74] - There were no significant contingent liabilities reported as of October 31, 2025[89]
泰锦控股(08321) - 2026 - 中期业绩