Sam Woo Construction Group Limited (3822) released its unaudited interim results for the six months ended 30 September 2025. Revenue rose approximately 21% to HK$470 million, primarily driven by progress on a major boring pile engineering project in Lantau Island. Net profit reached HK$47 million, up from HK$3 million in the same period last year, and earnings per share increased to 56.44 HK cents. An interim dividend of 12 HK cents per share was declared.

Major contracts during the period included ongoing foundation work in Lantau Island, Yuen Long South, and the newly awarded Yuen Long Long Bin project. As of 30 September 2025, the aggregate remaining contract value for these projects amounted to approximately HK$630 million. The project in Lantau Island contributed roughly 70% of revenue, while the Yuen Long South initiative contributed about 25%. The recently commenced Yuen Long Long Bin contract is set to contribute more significantly in subsequent periods.

Administrative expenses remained stable at HK$25 million, and the interest-bearing environment helped reduce finance costs to HK$5 million. Net current liabilities improved to HK$18 million, and the current ratio increased to 0.95x from 0.87x. Net gearing also declined from 28% to 14%. Total equity rose to HK$527 million, compared with HK$480 million at the last financial year-end.

With new public sector contracts mitigating a slowdown in the regional property market, Sam Woo Construction (3822) anticipates these projects to support upcoming revenue. Nonetheless, the management reports that results may continue to be influenced by project progress and timely settlement of receivables, while prudent financial controls remain in place.