FDB Holdings flags 2025 loss on weak construction market and higher credit provisions

FDB Holdings Limited ( (HK:1826) ) has shared an update.

FDB Holdings Limited has warned that it expects to swing to a net loss of between HK$20 million and HK$25 million for the year ended 31 December 2025, compared with a net profit of about HK$9.9 million a year earlier. The deterioration reflects a weaker construction market that reduced new project volumes and profitability on existing contracts, along with margin pressure from higher contracting costs and a sharp rise in expected credit loss provisions tied to increased credit risk and outstanding receivables.

The company is still finalising its 2025 annual results, which remain subject to audit and possible adjustment, and plans to publish the full figures by the end of March 2026. FDB has urged shareholders and potential investors to exercise caution when dealing in its shares, underscoring mounting operational and credit challenges in its markets that could weigh on earnings visibility and investor sentiment in the near term.

The most recent analyst rating on (HK:1826) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on FDB Holdings Limited stock, see the HK:1826 Stock Forecast page.

More about FDB Holdings Limited

FDB Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1826, operates in the construction-related sector. The group undertakes construction projects and contracts, making it sensitive to fluctuations in the broader construction market and the credit quality of its client base.

Average Trading Volume: 1,920,000

Technical Sentiment Signal: Buy

Current Market Cap: HK$268.5M

See more insights into 1826 stock on TipRanks’ Stock Analysis page.