Hong Kong, March 20, 2026 (GLOBE NEWSWIRE) — Ming Shing Group Holdings Restricted (“MSW” or the “Company”) (Nasdaq: MSW) is an exempted firm with restricted legal responsibility integrated below the legal guidelines of the Cayman Islands with no materials operations of its personal. The Firm, by its not directly wholly-owned working subsidiaries, MS (HK) Engineering Restricted and MS Engineering Co., Restricted, is engaged in moist trades works companies in Hong Kong. The Firm at present introduced its unaudited monetary outcomes for the six months ended September 30, 2025.
First Half of 2025 Monetary and Working Highlights
●Whole income decreased by 51.6% from US$17,408,116 to US$8,431,393 ●Gross revenue decreased by 215.5% from gross revenue of US$2,398,855 to gross lack of US$2,769,960 ●Internet earnings and whole complete earnings decreased by 466.1% from web earnings of US$984,549 to web lack of US$3,604,539
Mr. Wenjin Li, Chief Govt Officer of the Firm, commented, “In our operating history of approximately ten years, we have focused on providing wet trades work services in the role of a subcontractor. We take pride in our portfolio in wet trades works. In the six months ended September 30, 2025 we continue to provide quality wet trades works to our customers and expand our business. Leveraging our established track record, our expertise in wet trades operations and our experienced management team, we believe we are well-positioned to capture the growth of the wet trades works market in Hong Kong and expand our business.”
FINANCIAL RESULTS
Income
Income decreased by 51.6% from US$17,408,116 for the six months ended September 30, 2024 to US$8,431,393 for the six months ended September 30, 2025. The lower was primarily on account of many of the contract works have been accomplished for the yr ended March 31, 2025.
Value of income
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Value of income decreased by 25.4% from US$15,009,261 for the six months ended September 30, 2024 to US$11,201,353 for the six months ended September 30, 2025. The lower was typically according to the lower in income.
Gross revenue and gross revenue margin
The gross loss was US$2,769,960 for the six months ended September 30, 2025, as in comparison with the gross revenue of US$2,398,855 for the six ended September, 2024, a lower of US$5,168,815, or 215.5%.
The lower in gross revenue was primarily attributable to (a) further work has been necessitated with variation orders for sure initiatives, however the quantities of those variation orders are nonetheless below negotiation with the related buyer; and (b) sudden delays in website directions have led to value overruns throughout the six months ended September 30, 2025 and extra work being required to fulfill venture specs.
Internet (loss) earnings and whole complete (expense) earnings
Internet earnings and whole complete earnings decreased by 466.1% from US$984,549 for the six months ended September 30, 2024 to web loss and whole complete expense of US$3,604,538 for the six months ended September 30, 2025. The lower was primarily because of the gross loss suffered.
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About Ming Shing Group Holdings Restricted
Ming Shing Group Holdings Restricted is a Hong Kong-based firm primarily engaged in moist trades works, akin to plastering works, tile laying works, brick laying works, ground screeding works and marble works. With a mission to grow to be the main moist trades works companies supplier in Hong Kong and the US, the Firm strives to offer high quality companies that adjust to its prospects’ high quality requirements, necessities, and specs. The Firm conducts its enterprise by its two wholly-owned Hong Kong working subsidiaries, MS (HK) Engineering Restricted and MS Engineering Co. Restricted. MS (HK) Engineering Restricted is a registered subcontractor and a registered specialist commerce contractor below the Registered Specialist Commerce Contractors Scheme of the Development Trade Council and undertakes each personal and public sector initiatives, whereas MS Engineering Co., Restricted primarily focuses on personal sector initiatives. For extra data, please go to the Firm’s web site: https://ir.ms100.com.hk.
Ahead-Trying Statements
Sure statements on this announcement are forward-looking statements. These forward-looking statements contain recognized and unknown dangers and uncertainties and are based mostly on the Firm’s present expectations and projections about future occasions which will have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Buyers can discover many (however not all) of those statements by way of phrases akin to “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or different comparable expressions on this press launch. The Firm undertakes no obligation to replace or revise publicly any forward-looking statements to replicate subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will develop into right, and the Firm cautions buyers that precise outcomes might differ materially from the anticipated outcomes and encourages buyers to overview different components which will have an effect on its future leads to the Firm’s registration assertion and different filings with the SEC.
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Ming Shing Group Holdings Restricted
