Core Viewpoint - OneConstruction Group Limited reported a decrease in revenue and net income for the fiscal year ended March 31, 2025, while highlighting its strong position in the public sector construction market and plans for future growth [1][8][13]. Financial Highlights - Revenue for FY2025 decreased by 16.2% to $53.2 million from $63.5 million in FY2024, with a 14.1% reduction in public sector revenue and a 27.3% decrease in private sector revenue [8]. - Gross profit for FY2025 was $3.9 million, down 11.9% from $4.4 million in FY2024, but gross profit margin increased by 0.4 percentage points to 7.4% [8]. - Net income for FY2025 fell to $0.9 million from $1.8 million in FY2024, primarily due to decreased profit from operations and increased finance costs [8]. - Cash position as of March 31, 2025, decreased to $0.7 million from $1.6 million as of March 31, 2024, driven by cash used in operating activities [8]. Operational Highlights - OneConstruction Group is recognized as a top service provider in the Hong Kong structural steelwork industry, offering customized solutions to meet client needs [3][4]. - The company is well-positioned for growth in the public sector, with construction expenditures expected to grow at a CAGR of 4.5% from 2025 to 2027 [5][6]. - The management team possesses substantial technical and operational expertise, enhancing the company's ability to respond to market demands [7]. Recent Developments - On January 2, 2025, OneConstruction Group closed its initial public offering, raising $7 million to fund future projects and bolster working capital [10]. - In February 2025, the company established an equity incentive plan, reserving 3,000,000 shares to attract and retain key personnel [12]. Outlook - The company aims to expand its market presence, particularly in the public sector, while focusing on operational efficiency and sustainable growth amid macroeconomic challenges [13].