WK GROUP (02535) has released its interim results for the 2026 fiscal year, revealing a net loss attributable to shareholders of approximately HK$11.519 million, a stark reversal from the profit reported in the same period last year.

Revenue for the six-month period came in at roughly HK$87.8 million, marking a significant year-on-year decline of about 47%. The company also reported a basic loss per share of around 0.58 Hong Kong cents during the period.

According to the company's announcement, the sharp drop in revenue is primarily attributed to three key factors. Firstly, the uncertain economic climate in Hong Kong has led to a reduction in the value of completed works from awarded projects, alongside a decrease in the contract amounts for newly secured projects. Secondly, a slowdown in certification progress during the six months ended June 30, 2026, adversely impacted project timelines and the subsequent recognition of revenue. Thirdly, the comparative period ending June 30, 2025, had benefited significantly from a private commercial development project located in Causeway Bay, which contributed a substantial portion of revenue during that earlier period due to an accelerated project pace and the achievement of major milestones.