FDB HOLDINGS (01826) issues profit warning, expecting a net loss of approximately HK$20 million to HK$25 million for the financial year 2025.

FDB Holdings (01826) announces that the group is expected to incur a net loss of approximately HKD 20-25 million for the year ending December 31, 2025, compared to a net profit of approximately HKD 9.9 million for the year 2024. The net loss is mainly attributed to a unfavorable construction market environment leading to a decrease in new projects and a decline in the profitability of existing contracts. In addition, contracting-related expenses have increased, further squeezing profit margins. Financial performance is also affected by the expectation of a significant increase in credit loss provisions, due to the expansion of credit risk exposure and an increase in accounts receivable balances. Therefore, the group is expected to incur a net loss in 2025 compared to the net profit achieved in 2024.