OneConstruction Group Limited
(NASDAQ:ONEG)
NEW YORK, Aug. 12, 2025 /PRNewswire/ — OneConstruction Group Limited, a Cayman Islands exempted company with limited liability that, through its operating subsidiary, OneConstruction Engineering Projects Limited, a company incorporated under the laws of Hong Kong with limited liability, operates as a structural steelwork contractor for construction projects in both the public and private sectors in Hong Kong (“OneConstruction Group“,”ONEG” or the “Company“), today announced its audited financial results for the fiscal year ended March 31, 2025.
Financial Highlights
- Revenue: Revenue for the year ended March 31, 2025 (“FY2025”) decreased by 16.2% to $53.2 million, compared to $63.5 million for the fiscal year ended March 31, 2024 (“FY2024”). The decline was attributed to a 14.1% reduction in revenue from the public sector and a decrease of 27.3% in revenue from the private sector. Despite the decrease in total revenue, revenue derived from residential construction projects in the public sector increased by 23.1% from $32.2 million in FY2024 to $39.7 million in FY2025.
- Gross Profit: Gross profit for FY2025 was $3.9 million, a decrease of 11.9% compared to $4.4 million in FY2024. However, gross profit margin increased by 0.4 percentage points to 7.4%, compared to 7.0% in FY2024. The increase in gross profit margin was attributable to the award of construction projects in the public sector that provided higher profit margins.
- Net Income: Profit after tax for FY2025 decreased to $0.9 million, compared to $1.8 million in FY2024. This reduction was mainly due to a decrease of $0.5 million in profit from operations, an increase of $0.23 million in finance costs and an increase of $0.1 million in income tax expenses during FY2025.
- Cash Flow: The net decrease in cash and cash equivalents of $0.8 million for FY2025 was mainly attributable to the cash outflow of $5.1 million in operating activities and the cash inflow from financing activities of $4.3 million.
- Cash Position: As of March 31, 2025, the consolidated cash balance decreased to $0.7 million, compared to $1.6 million as of March 31, 2024. This decrease was primarily driven by the cash used in …