Golden Leaf International Group (8549) H2 2026 earnings summary

Executive summary

• FY2026 revenue held broadly stable at HK$154.931m, while the year shifted to a HK$9.078m net loss from HK$14.074m net profit, amid lower gross profit, higher administrative costs and HK$9.524m in listing expenses.

• Listing on GEM on 10 October 2025 strengthened the capital base and profile; strategy centers on larger projects, workforce expansion and stronger project-management infrastructure.

Financial highlights

• Revenue was HK$154.931m versus HK$154.534m; cost of services rose to HK$132.322m from HK$123.085m, while gross profit fell to HK$22.609m from HK$31.449m.

• Net loss was HK$9.078m versus net profit of HK$14.074m; loss before tax was HK$8.688m versus profit before tax of HK$17.131m.

• Listing expenses were HK$9.524m versus HK$1.407m; excluding listing expenses, adjusted net profit was HK$0.446m versus HK$15.481m, with adjusted margins of 0.3% and 10.0%.

Outlook and guidance

• Priorities are to strengthen Hong Kong market position and share, compete for larger projects, expand project-delivery and management manpower, and reinforce physical and virtual infrastructure.

• A renewed three-year lump-sum service contract with a leading Hong Kong property management group is expected to add more than HK$35m of backlog over its term.