Tian Cheng Holdings Limited (Stock Code: 2110) announced its unaudited interim results for the six months ended 30 November 2025. According to the announcement, the Group recorded revenue of approximately HK$59.3 million, down from around HK$108.1 million in the prior-year period. The loss attributable to equity shareholders reached HK$20.3 million, with a loss per share of 6.7 HK cents. No interim dividend was recommended.

Breaking down by business segments, the Group’s marine construction works contributed HK$46.6 million, compared to HK$85.0 million previously, reflecting a decrease of about 45.2%. Gross loss for this segment widened, primarily due to more complex pier reconstruction and higher-than-expected associated costs. Other civil engineering works generated HK$11.4 million, decreasing from HK$16.7 million in the previous period but delivered improved profitability. Vessel chartering services dropped substantially and booked around HK$0.1 million, while the relatively new health and wellness services grew to approximately HK$1.24 million, up from HK$0.33 million.

As at 30 November 2025, the Group held three ongoing projects totaling about HK$301.4 million in initial contract sums. There were no material acquisitions or disposals during the reporting period. The Group also completed a share placement on 21 November 2025, issuing 60,000,000 new shares under a general mandate. The gross proceeds were around HK$7.26 million, and the net proceeds of about HK$6.93 million are intended for general working capital.

In terms of board changes, one executive director resigned on 1 September 2025, and two new directors were appointed on 1 December 2025. Another new executive director joined on 8 January 2026. The Audit Committee has reviewed and approved the interim results, and the Group notes challenging market conditions ahead while it continues to broaden its business portfolio.