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REF Holdings Limited ( (HK:1631) ) has issued an announcement.

REF Holdings Limited reported a decline in revenue to HK$92.3 million for the year ended 31 December 2025, down from HK$106.4 million a year earlier, with gross profit falling to HK$46.6 million. Net profit attributable to shareholders nearly halved to HK$3.0 million, while earnings per share slipped to 1.16 HK cents, reflecting pressure on margins despite lower administrative and finance costs.

The group modestly improved credit quality, recording a small reversal of expected credit loss allowances on trade receivables, and benefited from slightly higher other gains. However, reduced profitability and earnings underscore a more challenging operating environment and may raise concerns among investors about growth momentum and the sustainability of returns going into future periods.

The most recent analyst rating on (HK:1631) stock is a Hold with a HK$0.56 price target. To see the full list of analyst forecasts on REF Holdings Limited stock, see the HK:1631 Stock Forecast page.

More about REF Holdings Limited

REF Holdings Limited is a Hong Kong-listed company providing professional services, with revenue derived from service-based operations. The group focuses on delivering specialised business services, with its cost structure and expense profile indicating a labour- and operations-intensive model within the Hong Kong and possibly broader regional market.

Average Trading Volume: 87,121

Technical Sentiment Signal: Buy

Current Market Cap: HK$120.3M