GRAND MING Group Holdings Ltd (ASX: 01271) has announced its annual results for the period ending March 31, 2026. The company reported a significant 24.2% decline in revenue to HK$868.4 million.

The net loss for the year widened by 19.67% to HK$349.5 million, with a basic loss per share of 24.61 HK cents.

The company attributed the decrease in both revenue and gross profit primarily to a substantial reduction in the area of residential properties delivered during the review year and the expiration of one data center lease.

Gross profit also fell, which was due to a HK$45.4 million impairment of property inventory recognized as a direct cost during the year, reflecting the challenging property market conditions in Hong Kong.

The group's net loss for the 2025/26 financial year was HK$349.5 million, compared to a loss of HK$292.1 million in the prior year.

This increase in loss was mainly driven by the reduced delivery of residential property area and the lapsed data center lease, although this was partially offset by lower selling expenses resulting from decreased property sales revenue.

Excluding the fair value changes of investment properties, the group recorded a core loss of HK$238.0 million for the 2025/26 period, compared to a core loss of HK$171.4 million in the 2024/25 financial year.