Gelonghui, November 28th ┃ Built Holdings (01630.HK) announced that for the six months ended September 30, 2025, 37 projects contributed revenue of approximately HKD 367 million. The profit attributable to owners of the company for the six months ended September 30, 2025 was approximately HKD 0.8 million, compared with approximately HKD 9.5 million for the six months ended September 30, 2024, representing a decrease of approximately 91.6%. The decrease in profit for the six months ended September 30, 2025 was mainly attributable to an increase in impairment losses under the expected credit loss model of approximately HKD 13.2 million recorded during the reporting period. The Board resolved not to recommend the declaration of any interim dividend for the six months ended September 30, 2025 (September 30, 2024: Nil).
For the six months ended September 30, 2025, the decrease in revenue was mainly due to a reduction in both the total number of projects in the formwork market and the scale of awarded projects; additionally, several projects that were at their peak construction phase in the previous reporting period entered the final stage of works during this period.
