Neway Group Holdings reported a HK$49.12 million net loss attributable to shareholders for the year ended 31 December 2025, an improvement from the HK$76.99 million loss a year earlier. Basic loss per share shrank to 19.39 HK cents from 30.39 HK cents.

\n\n Revenue fell 14.4% year-on-year to HK$411.60 million, weighed down by lower contributions from the Manufacturing and Sales Business (-15.3% to HK$309.03 million) and the Lending Business (-71.0% to HK$1.45 million). Gross profit slid 22.3% to HK$75.47 million, trimming the margin to 18.3% from 20.2%.

\n\n Operating expenses were tightly managed: selling and distribution costs declined 16.3% to HK$25.33 million, while administrative and other expenses dropped 14.8% to HK$100.19 million. Finance costs eased 7.2% to HK$6.30 million. A HK$2.39 million tax credit versus a HK$4.59 million tax charge in 2024 also supported the bottom line.

\n\n Segment performance • Manufacturing and Sales remained the largest contributor, accounting for 75.1% of group revenue but recorded a HK$12.77 million segment loss. • Property Development revenue was broadly stable at HK$71.22 million; segment loss widened slightly to HK$6.75 million. • Property Investment generated HK$7.07 million rental income and posted a HK$9.09 million loss after a HK$6.63 million fair-value write-down. • Music and Entertainment revenue fell to HK$2.95 million, moving the segment to a HK$0.74 million loss. • Securities Trading swung to a HK$3.26 million profit, helped by a HK$3.73 million fair-value gain on listed investments.

\n\n Balance sheet and liquidity Total assets stood at HK$979.71 million, with cash, short-term and pledged deposits of HK$170.88 million. Total borrowings dropped to HK$178.28 million, cutting the gearing ratio to 30.0% from 34.1%. Net current assets were HK$343.15 million, supporting a current ratio of 2.1 times.

\n\n Capital expenditure reached HK$30.46 million, mainly for machinery upgrades and ongoing construction at the Zhongxing Industrial Park in Qingyuan. Outstanding contracted commitments for that project and other capex totalled HK$97.40 million at year-end. Contingent liabilities linked to purchaser mortgage guarantees in the PRC rose to HK$72.80 million.

\n\n Dividend The board recommended no final dividend for 2025 (2024: nil).

\n\n Outlook highlights Management expects persistent geopolitical and macroeconomic headwinds to weigh on export demand and consumer spending. Priorities for 2026 include tightening credit risk controls in the Lending Business, boosting operational efficiency in manufacturing, accelerating sales of industrial properties in Qingyuan, and maintaining a prudent stance on securities investments.