CR Construction Group Holdings (CR Construction) reported revenue of HK$3.79 billion for the six months ended 30 June 2026, up 6.0% year on year, driven by a 10.4% increase in building construction revenue to HK$3.47 billion.

Gross profit fell 33.9% to HK$195.20 million, pulling gross margin down to 5.2% from 8.3% a year earlier. Contract costs climbed 9.6% to HK$3.59 billion on higher subcontracting, material and direct staff expenses.

A HK$93.71 million impairment on financial assets (2025: HK$133.80 million) and HK$28.31 million in finance costs further weighed on earnings. Consequently, profit for the period dropped 98.3% to HK$0.40 million (1H 2025: HK$25.94 million).

Segment results: • Construction operations generated HK$3.69 billion in revenue (+5.5%) and HK$149.80 million gross profit (-9.4%). RMAA revenue fell 38.2% to HK$219.40 million, offsetting growth in new building projects. • Environmental operations contributed HK$97.71 million (+31.5%) with gross profit of HK$30.80 million (+14.5%).

Operational highlights: the Group held 46 projects worth HK$32.30 billion at 30 June 2026, secured six new contracts totaling HK$5.20 billion during the period, and completed ten projects valued at HK$5.50 billion. Post-period, a further six contracts worth HK$2.50 billion were won.

Financial position: cash and cash equivalents rose to HK$508.15 million (31 December 2025: HK$211.56 million). Net current assets stood at HK$506.92 million, while the gearing ratio increased to 47.1% (31 December 2025: 38.0%). Capital commitments totaled HK$104.47 million, and performance bond guarantees amounted to HK$1.73 billion.

The Board declared no interim dividend. CR Construction emphasized ongoing cost control, technology adoption, and market expansion in Hong Kong, the Greater Bay Area, Malaysia and the UK, while noting government infrastructure spending and labour-training incentives as supportive factors for future growth.