Core Viewpoint - OneConstruction Group Limited reported a slight decrease in revenue and a net loss for the six months ended September 30, 2025, primarily due to increased administrative expenses and a decline in private sector revenue. Financial Performance - Revenue decreased by 3.4% from $28.7 million for the six months ended September 30, 2024, to $27.8 million for the same period in 2025, attributed to a decline in private sector revenue amidst a slowdown in the commercial property market in Hong Kong [2] - Net loss for the six months ended September 30, 2025, amounted to $0.1 million, compared to a net income of $1.2 million for the same period in 2024, mainly due to increased administrative expenses and share-based payment expenses [5] - Basic and diluted loss per share were $0.008 for the six months ended September 30, 2025, compared to earnings per share of $0.11 for the same period in 2024 [6] Administrative Expenses - Administrative expenses increased by 94.9% from $0.9 million for the six months ended September 30, 2024, to $1.7 million for the same period in 2025, driven by higher professional fees, payroll increases due to headcount growth, and increased leasing expenses [3] Share-Based Payment - OneConstruction Group established a 2025 Equity Incentive Plan, authorizing 3,000,000 Ordinary Shares for issuance to attract and retain personnel, resulting in share-based payment expenses during the reporting period [4] Liquidity and Capital Resources - As of September 30, 2025, OneConstruction Group had cash of $4.8 million, total current assets of $49.3 million, and total current liabilities of $14.5 million, resulting in net current assets of $34.8 million and a current ratio of 3.4 [7] Balance Sheet Overview - Total assets as of September 30, 2025, were $50.0 million, with total liabilities of $37.3 million, leading to shareholders' equity of $12.7 million [7]