Tian Cheng HLDG (02110) announced that the group anticipates incurring a net loss of approximately HK$20 million to HK$21 million for the six months ending November 30, 2025. This compares to a net loss of about HK$12.4 million for the corresponding period in 2024.

The board of directors attributes the increase in the net loss during the reporting period primarily to: (i) a rise in gross loss of approximately HK$11.4 million from the marine construction engineering segment related to the reconstruction of the Sai Kung, Tai Po, and Lantau Island piers. The pier reconstruction involves various complexities, particularly in piling works and hoisting operations utilizing vessels. Adverse weather conditions such as strong winds, sea levels, and rough waves have compounded the difficulties of conducting seabed drilling, bored piling, and lifting operations. These unfavorable conditions have not only impacted the planning and execution of the projects but also affected resource utilization, including the standby time for personnel, machinery, and vessels.

This increase was partially offset by (ii) a HK$4 million growth in gross profit from the other civil engineering division, primarily driven by increased project revenue and improved progress on the Three-Runway System project.