Progressive Path Group Holdings Limited (1581.HK) reported its unaudited interim results for the six months ended 30 September 2025. Revenue reached approximately HK$359.2 million, reflecting a 25.2% decline compared with the same period in 2024. Gross profit stood at around HK$14.5 million, while gross profit margin dropped from 7.1% to 4.0%. Profit attributable to owners was approximately HK$3.0 million, down from HK$12.2 million a year earlier, bringing basic earnings per share to HK0.73 cent.

The decrease in revenue was attributed to lower contributions from activities such as construction works related to the Three-Runway System and the Kai Tak Sports Park. Construction machinery rental revenue also declined amid softer market demand. As at 30 September 2025, the group’s bank balances were around HK$29.8 million, with total interest-bearing liabilities of approximately HK$97.1 million, leading to a gearing ratio of about 33.0%. The board did not recommend the payment of an interim dividend.

Looking ahead, public works and infrastructure investments are expected to provide a steady pipeline for the construction sector. The group remains focused on managing resources to navigate industry competition and continues to track opportunities arising from ongoing public development projects in Hong Kong.