Hao Tian international reports steep revenue decline, sustained loss

For the six months ended 30 September 2025, Hao Tian International reported a total revenue of HK$41m, a substantial decrease of HK$45m compared to HK$86m in the prior period. This decline led to a loss before taxation of HK$39m, an improvement from the HK$80m loss in the previous year. The company's gross profit also fell significantly, from HK$31m to HK$1m.

The reduced revenue was primarily attributed to a drop in the utilization rate of the Group's construction machinery rental fleet to approximately 50%, due to a slowdown in construction business and a lack of new infrastructure projects in Hong Kong. Sales of construction machinery and spare parts decreased from HK$11m in 2024 to HK$5m in 2025, and rental income from construction machinery dropped from HK$65m to HK$29m. Financial services revenue also saw a decrease, falling from HK$7m to HK$4m, mainly due to reduced demand for margin financing services.

Despite the difficult period, the Group's total assets increased to HK$2,034m from HK$1,709m at 31 March 2025, while total equity rose to HK$1,307m from HK$989m. The gearing ratio improved to 27.4% from 35.8%. The company noted a net income tax credit of HK$3m for the period, compared to an expense of HK$1m previously.