EASY SMART GP (02442) issues a profit warning, expecting an annual loss attributable to shareholders of not more than approximately HK$32 million, an increase year-on-year.

EASY SMART GP (02442) announced that it expects to record a loss attributable to owners of the Company of not more than approximately HK$32 million for the year ended 30 June 2026, compared with a loss attributable to owners of the Company of approximately HK$0.5 million for the year ended 30 June 2025. The announcement stated that the expected increase in loss for the year was primarily due to a decrease in revenue and gross profit as certain large-scale public projects commenced before the current year had been completed or were nearing completion; and a decrease in the profit margins of the Group's newly tendered projects during the year as a result of customers' focus on price and intense market competition.