Beautiful Life Group Holdings Limited (Beautiful Life Group) released its audited results for the year ended 30 April 2026. Revenue climbed 15.8% year on year to HK$433.40 million, driven mainly by a HK$56.10 million increase in design, supply and installation services, which contributed 97.62% of total turnover. Maintenance and repair services added HK$10.10 million, up 38.4%. Trading of fire-service accessories remained minor at HK$0.24 million.
Cost of sales rose 18.70% to HK$413.54 million, outpacing revenue growth and compressing gross profit to HK$19.91 million; gross margin declined to 4.59% from 6.92% a year earlier. Administrative expenses expanded 30.77% to HK$29.50 million, while impairment on goodwill jumped to HK$7.03 million from HK$0.75 million. These factors, together with finance costs of HK$3.99 million, pushed the Group into a net loss of HK$16.70 million, versus a HK$0.77 million profit in FY2025. Basic and diluted loss per share was HK$0.09; no dividend was proposed.
Balance-sheet metrics remain stable. Net current assets rose 21.89% to HK$330.04 million, reflecting higher trade receivables (HK$170.61 million) and contract assets (HK$161.36 million). The current ratio improved to 3.4 times (FY2025: 2.9 times). Total borrowings—including bank loans, other loans and lease liabilities—declined to HK$50.12 million, trimming the gearing ratio to 14.8% from 20.6%.
Order visibility is solid: uncompleted construction contracts carried transaction prices of approximately HK$975.00 million, to be recognised over the next 12–36 months. Performance bonds issued stood at HK$74.00 million, backed by HK$21.95 million in pledged deposits.
Management anticipates that recovering economic activity in Hong Kong and Macau will support project flow. The Group plans to pursue new installation and maintenance contracts locally and explore overseas opportunities through strategic partnerships, while continuing to strengthen its capital structure and investor base.
Comments