KPa-BM Holdings (2663) reported a decline in revenue to HK$217.71 million for the six months ended 30 September 2025, compared to HK$387.48 million in the same period of 2024. The decrease was attributed to project delays and reduced master program activity in the local construction sector.

Gross profit stood at HK$35.88 million, compared to HK$57.19 million in the prior year. The profit for the period was HK$11.64 million, down from HK$25.09 million. The company’s management noted that aggressive market competition and reduced tenders impacted contract volume. Despite lower revenue, prudent cost management helped maintain an overall gross profit margin of 16.5%, compared to 14.8% in the same period of 2024.

Administrative and other operating expenses decreased to HK$22.58 million from HK$27.70 million, primarily due to reduced staff costs. Finance costs also fell to HK$0.62 million from HK$1.18 million, reflecting a lower reliance on bank borrowings. Net current assets stood at HK$235.20 million, with cash and bank balances of HK$68.65 million.

No interim dividend was declared. The Board attributed the decision to current market conditions and a focus on operational efficiency. The final dividend for the previous financial year of HK$16.71 million was paid in September 2025.

As of 30 September 2025, the company’s outstanding contracts amounted to approximately HK$448 million. Management indicated that ongoing resource integration and cautious fiscal strategies would continue to guide cost controls and project management efforts.