Chi Ho Development Holdings Limited has issued a profit warning, advising shareholders and potential investors that it expects to book a consolidated net loss of between HK$60.00 million and HK$65.00 million for the financial year ended 31 March 2026. This represents a sharp deterioration from the HK$12.30 million net loss recorded in FY2025.

Management attributed the anticipated setback to three main factors:

1. An estimated HK$40.00 million allowance under the expected credit loss model for a loan to a joint venture.

2. A further HK$11.00 million net allowance for expected credit losses, after partial reversals.

3. A decline in gross profit from the Group’s core renovation and maintenance, alteration and addition, and fitting-out businesses.

The company is still finalising its audited results, which are scheduled for release on or around 25 June 2026. The figures disclosed are based on an unaudited management review and have not yet been vetted by the audit committee.

Chi Ho Development advises shareholders and prospective investors to exercise caution when dealing in its shares until the final results are published.