SU Group Narrows Losses Amid Strategic Pivot to Public-Sector Projects

The company’s financial performance reflects a transitional period marked by fewer large-scale engineering projects, which caused revenue to dip to HK$86.3 million from HK$107.9 million in the previous year. Despite this volume decline, gross margins improved slightly to 20.7%, bolstered by a 15.9% reduction in selling, general, and administrative expenses. CEO Dave Chan pointed to the stability of the firm’s guarding and screening business as a critical buffer while the company aggressively pursues public-sector work, including high-value hospital contracts and border security installations.

Looking beyond the fiscal half-year, SU Group is actively expanding its footprint through both organic growth and tactical acquisitions. The company recently agreed to acquire KM Safety Solution for HK$5.6 million to integrate new emergency lighting and consultancy capabilities. Simultaneously, management has secured a series of exclusive distribution rights for advanced AI-powered X-ray and smart-building technologies, signaling a clear effort to diversify beyond its traditional security services. With cash holdings rising to HK$28.7 million, the firm is positioning itself to capitalize on its recent government-linked project wins throughout the remainder of the year.