KS SMART MGMT (08181) has released its financial results for the year ended March 31, 2026, revealing a significant increase in losses. The company reported revenue of HK$543 million, representing a decrease of 3.57% year-over-year. The loss attributable to owners of the company for the year was HK$48.11 million, which marks a substantial widening of 63.58% compared to the previous period. The basic loss per share was HK$0.043.

The company attributed the approximate 3.57% decline in group revenue primarily to a reduction in property management service contracts in Hong Kong and mainland China during the fiscal year. Specifically, the number of property management service contracts secured in Hong Kong decreased by 17, from 410 contracts in the year ended March 31, 2025, to 393 contracts in the year under review. This led to a roughly 2.0% decrease in revenue generated from these contracts, which amounted to approximately HK$489.1 million.

Furthermore, revenue from independent security service contracts also saw a significant drop of about 23.7% to approximately HK$48.1 million for the year ended March 31, 2026.