Boltek Holdings Limited reported unaudited interim results for the six months ended 30 June 2026 showing a softer top-line and lower profitability amid a slowdown in project awards.
Revenue and Profitability • Revenue fell 10.3% year on year to HK$80.69 million, reflecting smaller contract sums and fewer new projects. • Gross profit slipped 15.2% to HK$26.58 million; gross margin eased to 32.9%, down 1.9 percentage points. • Net profit attributable to shareholders declined 21.4% to HK$10.58 million, with basic EPS at 1.32 HK cents versus 1.68 HK cents a year earlier. • Finance costs were trimmed to HK$0.05 million (1H25: HK$0.14 million) while administrative expenses edged 3.5% lower to HK$15.31 million.
Segment Performance Civil engineering remained the core revenue driver, contributing HK$68.06 million (84% of total). Traffic engineering generated HK$8.50 million, building engineering HK$1.73 million and landscape architecture HK$0.77 million.
Cash Flow and Balance Sheet • Operating cash inflow narrowed sharply to HK$0.69 million (1H25: HK$6.53 million) due to working-capital movements. • Cash and bank balances stood at HK$42.70 million as at 30 June 2026, broadly stable from end-2025. • Net current assets improved to HK$157.56 million (31 December 2025: HK$145.48 million), and the group remained debt-free, leaving gearing at zero.
Dividend The board declared an interim dividend of HK$0.008125 per share (total payout: HK$6.50 million), lower than the HK$10.00 million distributed in the prior-year period. The dividend will be paid on or about 30 September 2026 to shareholders on record as of 4 September 2026.
Outlook Management signalled continued efforts to enhance operational efficiency, expand the client base and capture additional infrastructure consultancy mandates in Hong Kong, while maintaining a conservative treasury policy and a debt-free balance sheet.