SU Group Holdings Limited (SUGP) investor relations material

Company overview and business model

• Operates as a holding company incorporated in the Cayman Islands, with principal operations conducted through subsidiaries in Hong Kong and Macao, focusing on security-related engineering, security guarding, screening, and vocational training services.

• Shine Union provides turnkey security system solutions, including threat detection, traffic and pedestrian control, and ELV systems, serving both private and public sectors.

• Fortune Jet offers security guarding, screening, and related vocational training, with a significant presence in Hong Kong's security services market.

• The company leverages cross-selling opportunities between its engineering and guarding segments, aiming to be a one-stop security services provider.

• No operations or subsidiaries in mainland China; all business is conducted in Hong Kong and Macao.

Financial performance and metrics

• Total revenues grew from HK$163.7 million in FY2023 to HK$182.2 million in FY2024, and to HK$192.4 million (US$24.7 million) in FY2025.

• Gross profit margin declined from 29.3% in FY2023 to 26.1% in FY2024, and further to 16.0% in FY2025, mainly due to increased labor and subcontracting costs.

• Net income was HK$9.8 million in FY2023, HK$10.7 million in FY2024, and a net loss of HK$18.5 million in FY2025.

• Cash and cash equivalents were HK$25.4 million (US$3.3 million) as of September 30, 2025, with working capital of HK$62.1 million (US$8.0 million).

• No dividends declared or paid for FY2023, FY2024, or FY2025; all earnings are retained for business operations and expansion.

Use of proceeds and capital allocation

• The company will not receive proceeds from the resale of shares by selling shareholders, except for cash received upon exercise of warrants.

• Proceeds from any warrant exercises are intended for general corporate purposes and business expansion.

• Capital expenditures for FY2023, FY2024, and FY2025 were HK$1.4 million, HK$3.2 million, and HK$1.6 million, respectively, mainly for equipment and software.