Core Viewpoint - SU Group Holdings Limited reported a 5.6% year-over-year revenue growth for the fiscal year ended September 30, 2025, driven by strong demand for security-related engineering services and expansion in guarding and screening operations [1][2]. Financial Performance - Revenues increased by HK$10.2 million, or 5.6%, from HK$182.2 million in fiscal year 2024 to HK$192.4 million (US$24.7 million) in fiscal year 2025, primarily due to increased revenues from security-related engineering services (HK$4.9 million) and security guarding and screening services (HK$5.3 million) [4]. - Cost of revenues rose by HK$27.1 million, or 20.1%, from HK$134.6 million in fiscal year 2024 to HK$161.6 million (US$20.8 million) in fiscal year 2025, mainly due to increased employee benefit expenses [5][6]. - Gross profit decreased by HK$16.9 million, or 35.4%, from HK$47.6 million in fiscal year 2024 to HK$30.7 million (US$4.0 million) in fiscal year 2025, with gross profit margin dropping from 26.1% to 16.0% [7]. - Selling, general, and administrative expenses increased by HK$12.7 million, or 35.2%, from HK$36.0 million in fiscal year 2024 to HK$48.7 million (US$6.2 million) in fiscal year 2025, attributed to increased promotional activities and employee benefit expenses [9]. - The company reported a net loss of HK$18.5 million (US$2.4 million) for fiscal year 2025, compared to a net income of HK$10.7 million in fiscal year 2024, resulting in a net loss margin of 9.6% [13]. Operational Insights - The company continues to invest in talent, technology, and market penetration to support long-term growth and leadership in the security-related engineering services sector [2]. - The company maintains a strong working capital position with cash and cash equivalents of HK$25.4 million (US$3.3 million) and working capital of approximately HK$62.1 million (US$8.0 million) as of September 30, 2025 [14]. Service Offerings - SU Group provides a range of security-related engineering services, including installation and maintenance of security systems, equipment rental, and security guarding and screening services [3][15].