ONEG

OneConstruction Group Limited(NASDAQ: ONEG) NEW YORK, July 23, 2026 /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 RelationsMr. Gordon [email protected] Media RelationsMs. Callis Lau / Mr. Gary Li / Ms. Lorraine [email protected] View original content:https://www.prnewswire.com/news-releases/oneconstruction-group-limited-announces-annual-financial-results-for-the-fiscal-year-ended-march-31-2026-302833748.html

OneConstruction Group Limited (NASDAQ: ONEG) NEW YORK, Jan. 14, 2026 /PRNewswire/ -- OneConstruction Group Limited ("OneConstruction Group" or "ONEG"), a Cayman Islands exempted company with limited liability that, through its operating subsidiary, OneConstruction Engineering Projects Limited, a company incorporated under the laws of Hong Kong with limited liability, operates as a structural steelwork contractor for construction projects in both the public and private sectors in Hong Kong, today announced its unaudited interim financial results for the six months ended September 30, 2025. Overview: Revenue was $27.8 million for the six months ended September 30, 2025, representing a slight decrease of 3.4% from the same period in 2024. Net loss was $0.1 million for the six months ended September 30, 2025 (2024: net profit of $1.2 million). Six-Month Financial Results Ended September 30, 2025 Revenue. Revenue decreased slightly by 3.4% from $28.7 million for the six months ended September 30, 2024, to $27.8 million for the six months ended September 30, 2025. The decrease in revenue during the six-month period ended September 30, 2025, was mainly attributable to the combined impact of an increase in revenue derived from the public sector, mainly the infrastructure and public facilities projects, and a decrease in revenue derived from the private sector due to the slowdown in the development of the commercial property market in Hong Kong. Administrative expenses. Administrative expenses increased by 94.9% from $0.9 million for the six months ended September 30, 2024, to $1.7 million for the six months ended September 30, 2025, which was mainly due to an increase in the professional fees and other administrative expenses as a result of ONEG's listing on the Nasdaq in December 2024, an increase in payroll as results of an increase in the headcount of office staff (included a director) and an increase in leasing expense by increasing office space and related expenses. Share-based payment expenses. On February 27, 2025, ONEG established its 2025 Equity Incentive Plan (the "Plan"). Pursuant to the Plan, ONEG authorized 3,000,000 Ordinary Shares ("ESOP Shares") for issuance under the Plan. The purpose of the Plan was to attract and retain the best available personnel for positions of responsibility with ONEG, to provide additional incentives to them and align their interests with those of the shareholders of ONEG, and to thereby promote its long-term business success. The share-based payment expenses represented ONEG's issuance of the 3,000,000 ESOP Shares to certain employees pursuant to the Plan for consideration of US$0.0001 for each ESOP Share. Net loss. Net loss for the six months ended September 30, 2025 amounted to $0.1 million as compared to net income of $1.2 million for the six months ended September 30, 2024. The loss was mainly due to the increase in administrative expenses and the issuance of ESOP Shares to ONEG's employees during the period. Basic and diluted EPS. Basic and diluted loss per share were $0.008 and $0.008 per Ordinary Share for the six months ended September 30, 2025, respectively, as compared to earnings per share of $0.11 and $0.11 per Ordinary Share for the six months ended September 30, 2024, respectively. Liquidity and Capital Resources As of September 30, 2025, ONEG had cash of $4.8 million, total current assets of $49.3 million, and total current liabilities of $14.5 million. Net current assets were $34.8 million and the current ratio was 3.4. As of September 30, 2025, ONEG had total assets and total liabilities of $50.0 million and $37.3 million, respectively, and hence ONEG had shareholders' equity of $12.7 million. As of September 30, 2025, ONEG had other borrowings of $1.5 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 subsidiaries, 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 [email protected] Media Relations Ms. Callis Lau / Mr. Gary Li / Ms. Lorraine Luk [email protected] View original content:https://www.prnewswire.com/news-releases/oneconstruction-group-limited-announces-interim-results-for-the-six-months-ended-september-30-2025-302661644.html

OneConstruction Group Limited (NASDAQ: ONEG) NEW YORK, Aug. 12, 2025 /PRNewswire/ -- OneConstruction Group Limited, a Cayman Islands exempted company with limited liability that, through its operating subsidiary, OneConstruction Engineering Projects Limited, a company incorporated under the laws of Hong Kong with limited liability, operates as a structural steelwork contractor for construction projects in both the public and private sectors in Hong Kong ("OneConstruction Group","ONEG" or the "Company"), today announced its audited financial results for the fiscal year ended March 31, 2025. Financial Highlights Revenue: Revenue for the year ended March 31, 2025 ("FY2025") decreased by 16.2% to $53.2 million, compared to $63.5 million for the fiscal year ended March 31, 2024 ("FY2024"). The decline was attributed to a 14.1% reduction in revenue from the public sector and a decrease of 27.3% in revenue from the private sector. Despite the decrease in total revenue, revenue derived from residential construction projects in the public sector increased by 23.1% from $32.2 million in FY2024 to $39.7 million in FY2025. Gross Profit: Gross profit for FY2025 was $3.9 million, a decrease of 11.9% compared to $4.4 million in FY2024. However, gross profit margin increased by 0.4 percentage points to 7.4%, compared to 7.0% in FY2024. The increase in gross profit margin was attributable to the award of construction projects in the public sector that provided higher profit margins. Net Income: Profit after tax for FY2025 decreased to $0.9 million, compared to $1.8 million in FY2024. This reduction was mainly due to a decrease of $0.5 million in profit from operations, an increase of $0.23 million in finance costs and an increase of $0.1 million in income tax expenses during FY2025. Cash Flow: The net decrease in cash and cash equivalents of $0.8 million for FY2025 was mainly attributable to the cash outflow of $5.1 million in operating activities and the cash inflow from financing activities of $4.3 million. Cash Position: As of March 31, 2025, the consolidated cash balance decreased to $0.7 million, compared to $1.6 million as of March 31, 2024. This decrease was primarily driven by the cash used in operating activities. Administration Expenses: Administration expenses were $2.2 million for FY2025, representing an increase of 153.9% from $0.9 million in FY2024. The increase was attributable to legal and professional fees and other administrative expenses incurred for the initial public offering conducted in FY2025. Operational Highlights A Top Hong Kong Steelwork Service Provider: ⁻ ONEG is one of the top service providers in the Hong Kong structural steelwork industry with an established reputation and proven track record. Custom Steelwork Solutions: ⁻ ONEG offers tailored solutions in structural steelwork service designed to meet client needs. ⁻ Leveraging its established network and supplier relationships, ONEG believes it is well-equipped to manage tight timelines and accommodate supplemental orders. ⁻ ONEG' believes that its ability to promptly respond to unforeseen demands and adjust supply and installation schedules enhances its appeal to clients. Well-Positioned for Public Sector Construction Growth: ⁻ ONEG is primarily engaged in works for the growing public sector. ⁻ According to the Construction Expenditure Forecast prepared by Construction Industry Council of Hong Kong, the construction expenditures for building works in both public and private sectors and civil works in the public sector (i.e., the construction works that most involved the use of structural steelwork) in Hong Kong is expected to grow at a CAGR of 4.5% between 2025 and 2027, despite a recent decline in construction expenditures for the private sector. Visionary and Experienced Leadership: ⁻ ONEG is led by a visionary and experienced management team with robust technical and operational expertise. ⁻ ONEG's management team, including its executive director and general manager, brings substantial technical and management experience, complemented by extensive industry networks. ⁻ ONEG's strong and dedicated execution team collaborates closely with clients to effectively meet their needs and adapt to market trends. ONEG's Recent Development On January 2, 2025, ONEG announced the closing of its initial public offering of 1,750,000 ordinary shares at a public offering price of $4.00 per share (the "Offering"). The aggregate gross proceeds from the Offering were $7 million, before deducting underwriting discounts and other related expenses. The net proceeds from the Offering were mainly for funding up-front costs for future projects, expanding management and technical teams, and bolstering working capital. The Offering was conducted on a firm commitment basis. American Trust Investment Services and WestPark Capital acted as underwriters. WestPark Capital was the book-running manager for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to ONEG, and Ortoli Rosenstadt LLP acted as U.S. securities counsel to the underwriters in connection with the Offering. In February 2025, ONEG established an equity incentive plan to attract and retain the best available personnel for positions of responsibility with ONEG and provide them with additional incentives for the purpose of promoting its long-term business success. ONEG has reserved 3,000,000 authorized but unissued ordinary shares for issuance under the plan ("ESOP Shares"). In May 2025, ONEG issued 3,000,000 ESOP Shares to certain employees under the plan at the consideration of $0.0001 for each ESOP Share. Outlook Looking ahead, ONEG will remain focused on expanding its market presence, particularly in the public sector. ONEG is committed to driving operational efficiency and delivering sustainable growth in the face of ongoing macroeconomic challenges. About the OneConstruction Group OneConstruction Group is a structural steelwork contractor based in Hong Kong. Through its operating subsidiary, 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 us 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 in this prospectus. 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 statements 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 [email protected] Media Relations Ms. Callis Lau / Mr. Gary Li / Ms. Lorraine Luk [email protected] View original content:https://www.prnewswire.com/news-releases/oneconstruction-group-limited-announces-annual-financial-results-for-the-fiscal-year-ended-march-31-2025-302528327.html SOURCE OneConstruction Group Limited

NEW YORK, March 31, 2025 /PRNewswire/ -- OneConstruction Group Limited ("OneConstruction Group," "ONEG" or the "Company"), a structural steelwork contractor in Hong Kong, today announced its unaudited financial results for the six months ended September 30, 2024. Financial Highlights Revenue: Revenue for the six months ended September 30, 2024 ("1H2025") decreased by 8.2% to $28.7 million, compared to $31.3 million in the same period in fiscal year 2024 ("1H2024"). The decrease was driven by an increase of 6.8% in the revenue from the public sector and a decrease of 43.5% in the revenue from the private sector during 1H2025. Gross Profit: Gross profit for 1H2025 was $2.4 million, an increase of 15.1% compared to $2.1 million in 1H2024. The increase in both gross profit and gross profit margin was attributable to ONEG's capability to be awarded construction projects in the public sector with higher profit margins. Profit After Tax: Profit after tax for 1H2025 decreased to $1.24 million, compared to $1.61 million in 1H2024. The decrease was mainly due to a decrease of 0.6 million in profit from operations during 1H2025. Cash Flow: The net decrease in cash and cash equivalents of $1.2 million for 1H2025 was mainly attributable to an increase in cash outflow to $2.4 million in operating activities and a decrease in cash generated from financing activities to $1.2 million compared with 1H2024. Cash Position: As of September 30, 2024, consolidated cash balance decreased by $1.2 million, compared to $1.6 million as of March 31, 2024. This decrease was primarily driven by the increase in cash used in operating activities. Administrative Expenses: Administrative expenses were $0.9 million for 1H2025, representing an increase of 103.6% from $0.4 million in 1H2024. As a percentage of revenue, ONEG's administrative expenses were maintained at a level of 3% or less of its revenue in both 1H2025 and 1H2024, respectively. Operational Highlights Top Hong Kong Steelwork Service Provider: ⁻ ONEG is one of the top service providers in the Hong Kong structural steelwork industry with an established reputation and proven track record. ⁻ According to the Hong Kong Housing Bureau, ONEG has been engaged in the structural steelwork for 29% of the public residential projects for 2024 to 2026. ⁻ In addition, ONEG has been awarded "outstanding contractor" under the category of Domestic Sub-contractors (Reinforcement Bar Fixing) by the Hong Kong Housing Authority. Custom Steelwork Solutions: ⁻ ONEG is able to offer tailored solutions in structural steelwork service for its clients. ⁻ Due to its established network and relationships with suppliers, ONEG believes it is well-equipped to handle tight timelines and supplemental orders. ⁻ ONEG is able to respond to unforeseen demand quickly and adjust the supply and installation schedules accordingly, which reinforces its appeal to clients. Well-Positioned for Public Sector Construction Growth: ⁻ ONEG is mainly engaged in works for the growing public sector. ⁻ According to the Construction Expenditure Forecast prepared by Construction Industry Counsil of Hong Kong, the construction expenditures for building works in both public and private sectors and civil works in the public sector (i.e., the construction works that most involved the use of structural steelwork) in Hong Kong is expected to further increase at a CAGR of 4.5% between 2025 and 2027, despite the decrease in construction expenditures for the private sector. Visionary and Experienced Leadership: ⁻ ONEG has a visionary and experienced management team with strong technical and operational expertise. ⁻ ONEG's management team, including its executive director and general manager, has substantial technical and management experience with extensive networks in the industry. ⁻ ONEG's strong and dedicated execution team is able to work with its clients to meet their needs and market trends. ONEG's Recent Development On January 2, 2025, ONEG announced the closing of its initial public offering of 1,750,000 ordinary shares at a public offering price of US$4.00 per share (the "Offering"). The aggregate gross proceeds from the Offering were $7 million, before deducting underwriting discounts and other related expenses. The net proceeds from the Offering were mainly for funding up-front costs for future projects, expanding management and technical teams, and bolstering working capital. The Offering was conducted on a firm commitment basis. American Trust Investment Services and WestPark Capital acted as Underwriters. WestPark Capital was the book-running manager for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to ONEG, and Ortoli Rosenstadt LLP acted as U.S. securities counsel to the underwriters in connection with the Offering. Outlook Looking ahead, ONEG will remain focused on expanding its market presence, particularly in the public sector. ONEG is committed to driving operational efficiency and delivering sustainable growth in the face of ongoing macroeconomic challenges. About the OneConstruction Group OneConstruction Group is a structural steelwork contractor in Hong Kong. Through its subsidiaries, ONEG specializes in the procurement and installation of structural steel for a variety of construction projects in Hong Kong, including residential and commercial developments as well as infrastructure works. While much of its work serves the public sector, it also engages with private clients, delivering customized steel solutions for 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 us 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 in this prospectus. Except as otherwise required by applicable law, we disclaim 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 [email protected] Media Relations Ms. Callis Lau / Mr. Gary Li / Ms. Lorraine Luk/ Mr. Himo Liu [email protected] View original content:https://www.prnewswire.com/news-releases/oneconstruction-group-limited-announces-1h-2025-interim-financial-results-302416302.html SOURCE OneConstruction Group Limited