--- title: "OneConstruction Group Limited Announces Annual Financial Results for the Fiscal Year Ended March 31, 2026 | ONEG Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/293672343.md" description: "OneConstruction Group Limited (NASDAQ: ONEG) announced its FY2026 audited financial results. Revenue decreased 7.2% to $49.4 million, while administrative expenses rose 62.4% to $3.6 million. Consequently, the company reported a net loss of $13.2 million, compared to a net profit of $0.9 million in FY2025. Basic and diluted EPS were -$0.84. As of March 31, 2026, the company held $1.7 million in cash and had shareholders' equity of $0.3 million." datetime: "2026-07-23T13:54:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293672343.md) - [en](https://longbridge.com/en/news/293672343.md) - [zh-HK](https://longbridge.com/zh-HK/news/293672343.md) --- # OneConstruction Group Limited Announces Annual Financial Results for the Fiscal Year Ended March 31, 2026 | ONEG Stock News **OneConstruction Group Limited **(NASDAQ: ONEG) , /PRNewswire/ -- **OneConstruction Group Limited ("OneConstruction Group" or "ONEG")**, a Cayman Islands exempted company with limited liability, today announced its audited financial results for the fiscal year ended March 31, 2026. ONEG operates as a structural steelwork contractor for construction projects in both the public and private sectors in Hong Kong through its operating subsidiary, OneConstruction Engineering Projects Limited, a company incorporated under the laws of Hong Kong with limited liability. **Overview:** - **Revenue** was $49.4 million for the fiscal year ended March 31, 2026 ("FY2026"), representing a decrease of 7.2% compared to the fiscal year ended March 31, 2025 ("FY2025"). - **Net Loss** was $13.2 million for the fiscal year ended March 31, 2026 (FY2025: net profit of $0.9 million). **Annual Financial Results for the Year Ended March 31, 2026.** **Revenue**. Revenue for FY2026 decreased by 7.2% to $49.4 million, compared to $53.2 million in FY2025. The decrease in revenue was mainly attributable to a decline in revenue from structural steelworks for public sector residential construction projects under the Hong Kong Housing Authority, which was partially offset by an increase in revenue from infrastructure and public facilities projects. **Administrative expenses**. Administrative expenses for FY2026 increased by 62.4% to $3.6 million, compared to $2.2 million in FY2025. This increase was mainly due to an increase in staff costs, higher lease expenses following the rental of a new office in FY2026, and higher insurance expenses following the purchase of D&O liability insurance after our initial public offering. **Share-based compensation expenses**. During the year ended March 31, 2026, the Company granted an aggregate of 3,000,000 share options (the "Incentive Share Options") to certain employees under its 2025 Equity Incentive Plan for 3-year services. The awards were granted to attract and retain key personnel, provide additional incentives, and align employees' interests with those of the Company's shareholders. Each Incentive Share Option entitles the holder to subscribe for one ordinary share of the Company at an exercise price of US$0 per share. The options vest ratably over the three-year requisite service period, and share-based compensation cost is amortized on a straight-line basis over that same period. For the year ended March 31, 2026, the Company recognized share-based compensation expense of $1,487,000 related to these options. **Net Loss**. Net loss for FY2026 amounted to $13.2 million as compared to net income of $0.9 million in FY2025. The loss was mainly due to the combined impact of an increased gross loss and higher administrative expenses, both as discussed above. **Basic and diluted EPS**. Basic and diluted loss per share were $0.84 and $0.84 per Ordinary Share for FY2026, respectively, as compared to earnings per share of $0.08 and $0.08 per Ordinary Share for FY2025, respectively. **Liquidity and Capital Resources** As of March 31, 2026, ONEG had cash of $1.7 million, total current assets of $36.3 million, and total current liabilities of $14.3 million. Net current assets were $22.0 million and the current ratio was 2.5. As of March 31, 2026, ONEG had total assets and total liabilities of $36.9 million and $36.6 million, respectively, and hence ONEG had shareholders' equity of $0.3 million. As of March 31, 2026, ONEG had other borrowings of $0.9 million. **Off-Balance Sheet Arrangements** ONEG did not have during the period presented, and it does not currently have, any off-balance sheet financing arrangements or any relationships with unconsolidated entities or financial partnerships, including entities sometimes referred to as structured finance or special purpose entities, that were established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. **About the OneConstruction Group** OneConstruction Group is a structural steelwork contractor based in Hong Kong. Through its operating subsidiary, OneConstruction Engineering Projects Limited, ONEG specializes in the procurement and installation of structural steel across a diverse range of construction projects in Hong Kong, including residential and commercial developments as well as infrastructure works. While much of its work is commissioned by the public sector, ONEG also serves private clients, delivering customized steel solutions tailored to Hong Kong's construction needs. For more information, please visit ONEG's website: www.OneConstruction.com.hk. **Forward-looking Statements** All forward-looking statements, expressed or implied, in this release are based only on information currently available to ONEG and speak only as of the date on which they are made. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. Except as otherwise required by applicable law, ONEG disclaims any duty to publicly update any forward-looking statement, each of which is expressly qualified by the statements in this section, to reflect events or circumstances after the date of this release. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). Although ONEG believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and ONEG cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in ONEG's registration statement and other filings with the SEC. Additional factors are discussed in ONEG's filings with the SEC, which are available for review at www.sec.gov. **For more information, please contact:** **Investor Relations **Mr. Gordon Li gli@oneconstruction.com.hk **Media Relations **Ms. Callis Lau / Mr. Gary Li / Ms. Lorraine Luk oneg@ipr.com.hk **ONECONSTRUCTION GROUP LIMITED** **CONSOLIDATED BALANCE SHEETS** **As of** **March 31,** **2026** **March 31,** **2025** **US$'000** **US$'000** **ASSETS** **Current assets:** Accounts receivable, net 15,553 22,934 Prepayment of equipment \- 209 Deposits, prepayment and other receivables 329 218 Contract assets 18,699 24,969 Cash and cash equivalents 1,694 749 **Total current assets** **36,275** **49,079** **Non-current assets:** Property and equipment 414 11 Right-of-use assets, operating leases 211 567 Deferred tax assets \- 188 **Total non-current assets** **625** **766** **Total assets** **36,900** **49,845** **LIABILITIES AND EQUITY** Accounts payable 9,275 10,350 Accruals and other payables 3,496 2,351 Amount due to a shareholder 9 2 Contract liabilities 283 630 Operating lease liabilities 211 373 Bank and other borrowings 913 2,117 Current income tax liabilities 120 121 **Total current liabilities** **14,307** **15,944** **Non-current liabilities:** Operating lease liabilities \- 193 Loan due to a shareholder 22,310 21,567 **Total non-current liabilities** **22,310** **21,760** **Shareholders' equity:** Ordinary shares, par value US$0.0001, 500,000,000 shares authorized, 16,000,000 and 13,000,000 ordinary shares issued and outstanding as of March 31, 2026 and 2025 respectively 2 1 Additional paid-in capital 7,035 5,570 (Accumulated loss) Retained earnings (6,714) 6,497 Exchange reserve (40) 73 **Total shareholders' equity** **283** **12,141** **Total liabilities and equity** **36,900** **49,845** **ONECONSTRUCTION GROUP LIMITED** **CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME** **2026** **2025** **2024** **US$'000** **US$'000** **US$'000** Revenue 49,358 53,205 63,463 Cost of revenue (56,475) (49,289) (59,020) Gross (loss) profit **(7,117)** **3,916** **4,443** Other income 480 12 13 Allowance for credit loss on accounts receivable and contract assets (892) (13) (1,347) Administrative expenses (3,617) (2,227) (877) Share based compensation expenses (1,487) \- \- **(Loss) profit from operations** (12,633) 1,688 2,232 Finance costs (392) (549) (322) **(Loss) profit before taxation** **(13,025)** **1,139** **1,910** Income tax expense (186) (241) (141) **Net (loss) income** **(13,211)** **898** **1,769** **Other comprehensive (expense) income** Exchange difference on translation of foreign operations (113) 44 28 **Total comprehensive (expense) income attributable to shareholders** **(13,324)** **942** **1,797** **Net (loss) income per share attributable to shareholders** Basic and diluted (cents) **(84)** **8** **16** **Weighted average number of ordinary shares used in computing net (loss) income per share** Basic and diluted **15,720,548** **11,686,301** **11,250,000** SOURCE OneConstruction Group Limited ### Related Stocks - [ONEG.US](https://longbridge.com/en/quote/ONEG.US.md) ## Related News & Research - [OneConstruction Group director He Xing Michael files initial beneficial ownership statement](https://longbridge.com/en/news/292057355.md) - [Oneconstruction turns to FY26 net loss of $13.21 million; revenue falls 7.2% to $49.36 million](https://longbridge.com/en/news/293665762.md) - [Oman expected to award Nyabt Samad Al Shan flood protection dam project in Q4 2026](https://longbridge.com/en/news/296185113.md) - [00:00 ETAl Meera Consumer Goods Company (Q.P.S.C.) 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