Million Hope Industries revenue nearly halves as profit plunges 86%

Million Hope Industries Holdings Limited announced a substantial 47.0% decrease in unaudited consolidated revenue to HK$143.9m for the six months ended September 30, 2025, down from HK$271.7m in the prior year. This decline was attributed to project delays and a downturn in the property and construction markets. Profit attributable to owners plummeted 86.8% to HK$0.9m, resulting in basic earnings per share of HK0.22 cents, compared to HK1.64 cents previously.

Despite the challenging market, the company's gross profit margin improved to 9.4% from 7.4% due to the recognition of a HK$4.2m gross profit from a project completed last year. The board declared a first interim dividend of HK0.3 cents per share, payable on December 12, 2025, a decrease from HK0.5 cents per share in the corresponding period last year. The total value of contracts on hand as of September 30, 2025, was HK$798.4m.

During the period, the company repurchased 982,000 shares for approximately HK$443,000, with 912,000 shares cancelled. The group maintained a healthy liquidity position with net current assets of HK$344.6m and no bank loans outstanding. The company continues to focus on providing professional services amidst market volatility, securing HK$167m in new projects.