SU Group Holdings Limited Ordinary Shares

SU Group Holdings Limited reported a narrowed operating loss for the six months ended March 31, 2026, with revenue falling 20.0% to HK$86.3 million from HK$107.9 million a year earlier on fewer large engineering projects. Gross margin improved to 20.7% from 20.3%, selling, general and administrative expenses fell 15.9% to HK$21.0 million, and the operating loss narrowed to HK$3.9 million from HK$4.7 million, while net loss attributable to ordinary shareholders narrowed to HK$4.2 million, or HK$14.47 per share, from HK$4.5 million, or HK$15.45 per share. Cash and cash equivalents rose to HK$28.7 million at March 31, 2026 from HK$25.4 million at fiscal year-end. Since the period end, a HK$18.8 million follow-on hospital award brought the disclosed value of that project to HK$107.3 million, and in September a subsidiary agreed to acquire KM Safety Solution Company Limited for HK$5.6 million in cash, subject to due diligence and approvals. The company also secured exclusive Hong Kong and Macau distribution rights for HDX's TRACELINE PX3 Portable X-Ray System and, in Macao, exclusive rights to GLM's Inspec Spider robotic inspection system.

SU Group Holdings Limited has secured exclusive Macao distribution rights for the Inspec Spider robotic infrastructure inspection system, adding a new potential revenue stream to its recently established operation in the region. The agreement gives subsidiary Shine Union (Macao) Limited sole rights to market, distribute and sell the high-mast inspection technology in Macao, while extending SU Group's portfolio into technology-enabled infrastructure inspection. Inspec Spider combines robotics, cameras and AI-assisted analysis to inspect high masts and poles up to 35 metres from ground level, with potential applications including airports, bridges, stadiums, highways and tunnels. The announcement does not disclose the financial terms of the distribution agreement, expected sales volumes, customer commitments or a revenue forecast tied to Inspec Spider. The technology has received a Silver Edison Award and a Gold Medal at the International Exhibition of Inventions Geneva, and has undergone field testing at Hong Kong International Airport.