AI Energy Engineering Holdings Limited reported interim revenue of HK$52.10 million for the six months ended 30 June 2026, a 64.4% increase year-on-year, driven primarily by a stronger concrete demolition business in Hong Kong and initial contributions from mainland China engineering and construction projects.

Gross profit improved 35.2% to HK$12.76 million, yet the gross margin narrowed to 24.6% from 29.7% a year earlier as cost of sales climbed 76.3% to HK$39.34 million.

Administrative and other operating expenses rose 62.9% to HK$22.81 million, reflecting higher staff costs linked to mainland China expansion. Coupled with finance costs of HK$0.74 million, the Group posted a net loss of HK$9.88 million, more than double the HK$4.65 million loss recorded in the prior-year period. Basic and diluted loss per share widened to HK$0.0288.

Segment-wise, concrete demolition generated HK$46.82 million, accounting for 89.9% of total revenue, while engineering services for power generation and general construction—both conducted in mainland China—contributed HK$2.37 million and HK$2.91 million respectively.

The balance sheet strengthened following a HK$70.76 million share placing in January and a HK$0.40 million rights issue in May. Total assets expanded to HK$155.39 million from HK$68.02 million at year-end 2025, with cash and bank balances rising to HK$41.42 million. Equity climbed to HK$74.26 million; consequently, the gearing ratio fell sharply to 38.6% (31 December 2025: 220.0%).

Current ratio improved to 1.8 from 1.1, though trade and other receivables increased to HK$64.61 million, reflecting higher project activity. Pledged bank deposits remained stable at HK$15.64 million.

The Board declared no interim dividend. Management highlighted a cautiously optimistic outlook, underpinned by secured engineering contracts in mainland China totalling RMB 878.30 million and a proposed rights issue announced on 17 August 2026 to support performance bonds and upfront project costs.