King’s Stone FY2025/26 Results: Revenue Leaps 220.8%, Net Loss Narrows to HK$14.63 Million

Bulletin Express
Jun 24

King’s Stone Holdings Group Limited announced FY2025/26 results for the year ended 31 March 2026. Revenue from continuing operations expanded 220.8% year-on-year to HK$556.31 million, driven by the introduction of the intelligent storage business.

Gross profit reached HK$25.96 million, reversing a HK$47.14 million gross loss a year earlier and lifting the margin to 4.7% from –27.2%.

Segment breakdown: • Construction services contributed HK$278.82 million in revenue and recorded a segment loss of HK$20.91 million. • The newly added intelligent storage business generated HK$277.50 million in revenue and delivered a segment profit of HK$24.10 million. Combined, the operating segments produced a HK$3.19 million profit before unallocated items.

Administrative and other operating expenses fell 36.1% to HK$31.20 million, reflecting lower discretionary staff payments. Impairment provisions on trade receivables and contract assets totalled HK$5.19 million.

After finance costs of HK$0.15 million and income-tax charges of HK$3.99 million, the Group reported a net loss attributable to shareholders of HK$14.63 million (FY2024/25: loss of HK$102.07 million). Basic loss per share narrowed to HK1.44 cents from HK10.20 cents. The Board proposed no final dividend.

Balance-sheet highlights as at 31 March 2026: • Cash and cash equivalents: HK$24.36 million (31 March 2025: HK$9.67 million) • Current assets: HK$560.04 million; Current liabilities: HK$446.39 million; Net current assets: HK$113.65 million • Total equity: HK$115.16 million; no interest-bearing bank borrowings, leaving the gearing ratio at nil

Share capital rose to 1.03 billion shares after a placement of 28.97 million shares at HK$0.637 each and the issuance of 1.05 million share awards.

Post-balance-sheet events: in April 2026 the Group formed Shenzhen Hengchenyu Intelligent Technology Co., Ltd. with an RMB10.00 million registered capital (80% held by the Group) to pursue energy-storage opportunities. In May 2026 the unit committed RMB10.00 million to Guangzhou Xindong Changqing Investment Partnership, targeting new-energy projects.

The Group plans to leverage its construction expertise to expand further into computing-power infrastructure and smart-energy solutions while maintaining prudent capital management.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10