Progressive Path Group Holdings Limited (1581) disclosed that, based on a preliminary review of its latest unaudited consolidated management accounts, the Group is expected to record a profit attributable to owners not exceeding HK$3.2 million for the six months ended 30 September 2025. This figure is notably lower than the approximately HK$12.2 million profit reported for the same period in 2024.

According to the announcement, the decline is primarily linked to a roughly 25% revenue contraction compared to the approximately HK$480.0 million recorded in the previous year. This was driven by reduced construction works and machinery rental activities, particularly those related to the three-runway system project and the Kai Tak Sports Park, alongside a generally subdued construction market. In addition, the Group notes that market competition has intensified, leading to a lower gross profit margin and diminished overall profitability.

The management cautions that the Group’s unaudited consolidated interim results remain in the process of finalization. A formal interim results announcement is expected before the end of November 2025, and shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.