SU Group Narrows First-Half Operating Loss, Executes on Long-Term Strategy
Key Highlights
- ➤Revenue HK$86.3 million, down 20.0% year over year
- ➤Operating loss narrowed to HK$3.9 million from HK$4.7 million
- ➤Gross margin improved to 20.7% from 20.3%
- ➤Cash rose to HK$28.7 million from HK$25.4 million at fiscal year-end
- ➤Proposed HK$5.6 million acquisition adds safety consultancy and emergency-lighting capabilities
Expert Statements
Dave Chan, Chairman and CEO of SU Group Holdings Limited
“The first half had fewer large engineering projects, but our operating discipline and stabile guarding and screening business helped us deliver a narrowed operating loss. Our confidence remains higher in the second half of the year led by momentum in our new projects and expanded addressable market. Since March, an HK$18.8 million follow-on hospital award has brought the disclosed value of our work on that project to HK$107.3 million. We have also won public-sector work and added specialized products and training capabilities. Executing those already announced awards, securing new public-sector work , and serving customers with a wider range of solutions are our priorities.”
Calvin Kong, Chief Financial Officer of SU Group Holdings Limited
“Gross margin remained healthy at 20.7% and selling, general and administrative expenses fell 15.9%, helping offset the lower engineering volume. Cash rose to HK$28.7 million at March 31, 2026 from HK$25.4 million at fiscal year-end. As the new awards move through delivery, we will stay focused on project margins, working capital and cash conversion.”
SU Group Narrows First-Half Operating Loss, Executes on Long-Term Strategy PR Newswire
* Business Momentum Led by Public-Sector Awards Across Healthcare, Cultural and Border Infrastructure * Product Partnerships and Training Expand Reach * Proposed Acquisition to Add New Enhanced Safety Capabilities HONG KONG, Sept. 29, 2026 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related services company in Hong Kong, today announced its unaudited and unreviewed financial results for the six months ended March 31, 2026. The Company intends to file its results for the period with the U.S. Securities and Exchange Commission on Form 6-K. The Company noted that on a year over year basis, the adverse impact of fewer large engineering projects in the most recent period led to a decline in revenue, while its operating discipline drove an improvement in gross margin, a narrowed operating loss and an increase in cash from the fiscal year-end balance.
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