OneConstruction Group (ONEG) H1 2026 earnings summary

Executive summary

• Revenue for the six months ended September 30, 2025, was $27.8 million, a 3.4% decrease year-over-year due to a slowdown in the private sector despite growth in public sector projects.

• Net loss was $0.1 million, compared to net income of $1.2 million in the prior year period, mainly due to higher administrative and share-based payment expenses.

Financial highlights

• Gross profit was $2.3 million, down from $2.4 million year-over-year.

• Administrative expenses rose 94.9% to $1.7 million, driven by increased professional fees, payroll, and office leasing costs post-Nasdaq listing.

• Share-based payment expenses were incurred for the issuance of 3,000,000 ESOP shares under a new equity incentive plan.

• Basic and diluted loss per share were $0.008, compared to earnings per share of $0.11 in the prior year.

Outlook and guidance

• Management notes ongoing uncertainties related to market conditions and cautions that actual results may differ materially from expectations.