Kaisa Capital Investment (936) H2 2025 earnings summary

Executive summary

• Revenue from continuing operations rose to HK$237.5 million in FY2025, up 5.5% year-over-year, with profit from continuing operations at HK$6.8 million, compared to HK$5.9 million in FY2024.

• The Group completed the disposal of its property development business in July 2024, resulting in a discontinued operation loss of HK$118.4 million in FY2024.

• No dividend was declared for FY2025.

Financial highlights

• Gross profit from continuing operations was HK$131.0 million, up from HK$135.3 million in FY2024.

• Other income and gains increased by 109.2% to HK$6.8 million, mainly due to higher exchange gains.

• Finance costs rose slightly to HK$11.4 million, a 1.3% increase year-over-year.

• Cash and cash equivalents stood at HK$6.0 million as of 31 December 2025, down from HK$14.4 million a year earlier.

• Total equity increased to HK$38.5 million from HK$27.8 million at the end of FY2024.

Outlook and guidance

• Construction demand in Singapore is expected to remain strong through 2026–2029, driven by major infrastructure projects.

• Hong Kong’s construction market is forecasted to rebound, with robust demand for high-performance tower cranes.

• The Group aims to leverage digital construction technologies and strategic partnerships to enhance competitiveness and market share.