Able Engineering Holdings Limited reported FY26 revenue of HK$9.18 billion, a year-on-year increase of 15.2% driven by scheduled progress on public-sector construction contracts. Gross profit fell 27.2% to HK$424.16 million as the consolidated gross margin narrowed to 4.6% (FY25: 7.3%) after employers’ inflation-linked price adjustments and project mix effects.

Profit before tax rose 12.3% to HK$357.09 million, aided by a 76.4% reduction in finance costs to HK$6.86 million following early repayment of a term loan and lower HIBOR. Net profit advanced 25.9% to HK$287.59 million, although the prior period’s base was depressed by a HK$199.04 million impairment on a leasehold land. Basic and diluted EPS increased to HK14.38 cents (FY25: HK11.43 cents).

Segment performance • Contract Works: Revenue reached HK$9.18 billion with segment profit of HK$425.67 million. • Property Investment & Development: No revenue recognised; segment loss reduced to HK$34.92 million versus a HK$242.25 million loss in FY25, reflecting the absence of new impairment charges.

Balance sheet and liquidity • Cash and cash equivalents expanded 58.4% to HK$2.76 billion, underpinned by strong operating inflows; no interest-bearing bank loans remained outstanding at year-end. • Net gearing stayed at nil. Current ratio improved to 1.02 (FY25: 0.96). • Net assets attributable to shareholders rose 10.9% to HK$1.92 billion (HK$0.96 per share). • Property, plant and equipment declined to HK$472.63 million after reclassification of the 7 Lai Yip Street project to investment properties, now booked at HK$1.33 billion. • Performance bond guarantees stood at HK$769.04 million.

Cash flow and returns Operating cash inflow supported a proposed final dividend of HK3.0 cents per share, down from HK6.0 cents last year. The payout awaits shareholder approval at the 27 August 2026 AGM, with an expected payment date on or before 28 September 2026.

Outlook (per company) Management expects sustained public construction demand, underpinned by the Hong Kong SAR Government’s five-year HK$120 billion annual capital works program and plans to deliver 196,000 public housing units. The Group anticipates additional tender opportunities in public works and housing projects while continuing to expand its property investment and development activities.