WING FUNG GROUP (08526) announced a net loss of 22.09 million Hong Kong dollars for the fiscal year 2025.

WING FUNG GROUP (08526) announced its annual performance for the year ending December 31, 2025, with revenue of HK$145.6 million, a decrease of 17.6% compared to the previous year. It reported a net loss of HK$22.09 million, compared to a profit of HK$1.073 million in the same period last year, resulting in a basic loss per share of 13.56 HK cents. During the relevant period, the group experienced a turnaround from profit to loss mainly due to (i) a decrease in revenue of approximately HK$31.2 million as a result of project delays caused by the economic downturn; (ii) cost overrun in several projects leading to a significant decrease in the group's expected project gross profit margin; (iii) a decrease of approximately HK$2 million in impairment losses reversed for trade receivables and contract assets during the period; and (iv) the recognition of an impairment loss of approximately HK$5.3 million on contract assets following the completion and review of the Taipa project in Macau during the period. Despite the loss incurred during the period, the group remains cautious and proactive, securing new projects with substantial contract values. In the second half of 2025, apart from other projects, the group was awarded a preliminary contract with a value exceeding HK$175 million. The group will continue to closely monitor the progress of its ongoing projects, seek suitable tender opportunities, and submit bids for potential projects to maximize profit and shareholder returns.