PROGRESSIVE P (01581) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$359 million, a decrease of 25.16% year-on-year. Net profit attributable to shareholders was HK$3.01 million, down 75.27% compared to the same period last year, with earnings per share of HK$0.0073.

The company stated that net profit declined from approximately HK$12.2 million in the six months ended September 30, 2024, to around HK$3 million in the current period. This was primarily due to reduced revenue, driven by decreased construction engineering and machinery leasing activities—particularly those related to the Three-Runway System and Kai Tak Sports Park projects—as well as a general downturn in the construction market. Additionally, gross margin contracted during the period due to intense market competition, which pressured pricing and weakened overall profitability.