Man Shing Global Holdings Limited (8309) reported interim results for the six months ended 30 September 2025. Revenue decreased to HK$195.0 million from HK$457.8 million in the prior-year period, primarily attributed to the expiration of six street cleaning contracts. Environmental cleaning services remained the largest revenue contributor at HK$189.1 million, while property management services recorded HK$5.9 million.

Gross profit stood at HK$22.7 million, compared to HK$37.5 million for the same period last year. Despite lower revenue, the gross profit margin rose to 11.6%, supported by increased cost controls in consumables and staffing. The period’s profit was HK$0.9 million, down from HK$6.6 million. Administrative expenses declined from HK$33.3 million to HK$23.2 million largely due to lower staff welfare and insurance costs.

As of 30 September 2025, total bank balances and cash were HK$47.2 million. The Group had no outstanding bank borrowings, compared to HK$5.5 million at year-end. Lease liabilities amounted to HK$5.4 million, and gearing was at zero. The current ratio improved to 2.79 times, reflecting a reduction in current liabilities.

Management indicated that while revenue has been impacted by the expiration of certain contracts, the Group is focused on securing new projects from government departments and private clients. No interim dividend was declared for the reporting period.