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.