Khoon Group Swings to Heavy Interim Loss on Impairment Hit

An announcement from Khoon Group Limited ( (HK:0924) ) is now available.

Khoon Group Limited reported a steep downturn for the six months ended 31 December 2025, with revenue sliding to S$17.57 million from S$44.19 million a year earlier and gross margin turning into a loss. The group swung to a net loss of S$21.53 million from a modest profit, driven largely by a sharp rise in impairment losses on financial and contract assets, signalling heightened credit risks and pressure on cash flow, while earnings per share dropped into negative territory, underscoring a weaker position for shareholders.

Total comprehensive loss reached S$21.58 million, reflecting both operating weakness and adverse foreign exchange movements. The interim figures suggest that Khoon Group faces significant challenges in project profitability and asset quality, which may affect its ability to sustain growth and could weigh on investor sentiment and its competitive standing in the regional contracting market.

More about Khoon Group Limited

Khoon Group Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 924, operates in the construction-related services sector, generating revenue from providing contracting services. The group’s activities are focused on delivering project-based service contracts, with performance closely tied to project volumes and the quality of its receivables portfolio.

Average Trading Volume: 482,588

Technical Sentiment Signal: Sell

Current Market Cap: HK$193M

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