Sang Hing Holdings (International) Limited (Stock Code: 1472) reported revenue of HK$132.9 million for the six months ended 30 September 2025, marking a 48.1% rise from HK$89.7 million in the same period last year. The Company announced an unaudited loss attributable to owners of HK$13.7 million, compared with a HK$8.9 million loss for the corresponding period in 2024.

According to the announcement, increased revenue primarily stemmed from ongoing civil engineering projects, including Projects W61, W62, and W63 related to site formation and infrastructure works for public housing developments. Gross profit stood at HK$3.4 million, with a gross profit margin of approximately 2.5%. Administrative and operating expenses rose to HK$17.5 million from HK$11.3 million, partly reflecting higher staff costs and bidding-related expenses.

As of 30 September 2025, the Company’s pledged bank deposits amounted to HK$4.6 million, while cash and cash equivalents totaled HK$33.3 million. Bank overdrafts stood at HK$5.5 million, resulting in a gearing ratio of 3.5%, up from 0.2% at the end of March 2025.

The announcement highlighted the Company’s recent successful tenders in March and May 2025, valued at HK$1,110 million in total, indicating a more robust portfolio of large-scale civil engineering projects. A final note indicated no interim dividend was declared for the reporting period, and no material acquisitions or disposals occurred. The Company intends to continue bidding for public construction projects to expand its project pipeline and maintain growth momentum.