Build King Holdings Limited reported FY2025 revenue of HK$13.84 billion, down 3.66% year on year, as several newly awarded Hong Kong projects remained at early construction stages.
Gross profit slipped 9.99% to HK$1.04 billion, narrowing the margin to 7.5% (FY2024: 8.0%). Nonetheless, lower administrative expenses (-7.40% to HK$550.57 million), the absence of FY2024 one-off other losses, and a 62.59% drop in finance costs lifted profit attributable to shareholders by 4.31% to HK$452.73 million. Basic EPS rose to HK36.5 cents from HK34.9 cents.
The Board proposed a final dividend of HK7.0 cents and a special dividend of HK6.0 cents; combined with the HK4.0-cent interim payout, total FY2025 dividends reach HK17.0 cents (FY2024: HK14.5 cents).
Segment performance • Hong Kong construction revenue fell 3.90% to HK$13.60 billion, generating segment profit of HK$529.75 million (-8.82%). Contract backlog stood at HK$30.80 billion, securing roughly the next two years’ revenue. • Mainland China environmental infrastructure revenue grew 11.81% to HK$240.72 million, swinging to a HK$34.42 million profit from a HK$16.88 million loss, supported by a 28% increase in steam-plant output capacity.
Financial position • Equity attributable to owners advanced 9.75% to HK$2.92 billion, lifting equity per share to HK$2.35. • Cash, time deposits and listed securities totalled HK$2.66 billion, up 33.63%. • Interest-bearing borrowings dropped to HK$88.34 million, trimming the gearing ratio to 3% (FY2024: 4%). • Pledged bank deposits amounted to HK$90.25 million for banking facilities.
Management noted continued caution on project delays linked to land resumption in Hong Kong but highlighted the secured backlog and improved profitability in Mainland environmental operations as key support for future performance. The proposed dividends are subject to shareholder approval at the 22 May 2026 AGM, with payment slated for 16 June 2026 to shareholders on record as of 1 June 2026.
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