Income Statement GC Construction Holdings Limited

Stocks

1489

KYG3774A1085

Construction & Engineering

Market Closed - Hong Kong S.E. 04:08:28 2026-09-28 EDT			5-day change	1st Jan Change
3.625 ^HKD	+1.68%		-9.49%	+829.49%

07-21	Gc Construction Holdings Limited Announces Board and Committee Changes, Effective July 21, 2026	CI
06-25	GC Construction Holdings Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI

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Published financial data: GC CONSTRUCTION HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Revenues	456M	542M	585M	531M	260M
Total Revenues	456M	542M	585M	531M	260M
Cost of Goods Sold, Total	399M	476M	543M	529M	255M
Gross Profit	57.69M	65.52M	41.84M	2.12M	4.11M
Selling General & Admin Expenses, Total	11.31M	20.11M	20.73M	22.52M	19.49M
Provision for Bad Debts	-360K	439K	625K	33.57M	45.42M
Depreciation & Amortization - (IS)	776K	492K	-	-	-
Other Operating Expenses	-592K	-447K	-102K	-45K	-63K
Other Operating Expenses, Total	11.14M	20.6M	21.26M	56.05M	64.85M
Operating Income	46.55M	44.92M	20.59M	-53.92M	-60.73M
Interest Expense, Total	-140K	-540K	-114K	-254K	-220K
Interest And Investment Income	1K	1.01M	2.29M	899K	5K
Net Interest Expenses	-139K	466K	2.17M	645K	-215K
Other Non Operating Income (Expenses)	-	-6.95M	-	-	-
EBT, Excl. Unusual Items	46.41M	38.44M	22.76M	-53.28M	-60.95M
Gain (Loss) On Sale Of Assets	-	-	-	38K	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-7.64M	18.3M	-	-	-
EBT, Incl. Unusual Items	38.77M	56.74M	22.76M	-53.24M	-60.95M
Income Tax Expense	7.48M	7.41M	3.69M	229K	-173K
Earnings From Continuing Operations	31.29M	49.33M	19.07M	-53.47M	-60.78M
Net Income to Company	31.29M	49.33M	19.07M	-53.47M	-60.78M
Net Income - (IS)	31.29M	49.33M	19.07M	-53.47M	-60.78M
Net Income to Common Incl Extra Items	31.29M	49.33M	19.07M	-53.47M	-60.78M
Net Income to Common Excl. Extra Items	31.29M	49.33M	19.07M	-53.47M	-60.78M
Per Share Items
Net EPS - Basic	0.04	0.06	0.02	-0.05	-0.06
Basic EPS - Continuing Operations	0.04	0.06	0.02	-0.05	-0.06
Basic Weighted Average Shares Outstanding	750M	868M	1B	1B	1B
Net EPS - Diluted	0.04	0.06	0.02	-0.05	-0.06
Diluted EPS - Continuing Operations	0.04	0.06	0.02	-0.05	-0.06
Diluted Weighted Average Shares Outstanding	750M	868M	1B	1B	1B
Normalized Basic EPS	0.04	0.03	0.01	-0.03	-0.04
Normalized Diluted EPS	0.04	0.03	0.01	-0.03	-0.04
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	47.38M	46.06M	22.34M	-52.24M	-59.12M
EBITA	46.55M	44.92M	20.59M	-53.92M	-60.73M
EBIT	46.55M	44.92M	20.59M	-53.92M	-60.73M
EBITDAR	49.74M	51.22M	24.93M	-50.28M	-58.79M
Effective Tax Rate - (Ratio)	19.29	13.06	16.22	-0.43	0.28
Current Domestic Taxes	-	-	3.7M	-	-
Current Foreign Taxes	-	-	-	405K	-
Total Current Taxes	7.48M	7.26M	3.7M	405K	-
Deferred Domestic Taxes	-	-	-4K	-	-173K
Total Deferred Taxes	-2K	146K	-4K	-115K	-173K
Normalized Net Income	29.01M	24.02M	14.22M	-33.3M	-38.09M
Interest on Long-Term Debt	20K	27K	12K	32K	32K
Supplemental Operating Expense Items
General and Administrative Expenses	2.2M	7.9M	20.73M	22.52M	19.49M
Net Rental Expense, Total	2.36M	5.17M	2.59M	1.96M	325K
Imputed Operating Lease Interest Expense	177K	2.54M	685K	790K	48.74K
Imputed Operating Lease Depreciation	2.19M	2.63M	1.9M	1.17M	276K
Maintenance & Repair Expenses, Total	372K	884K	1.24M	-	-

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Assets
Cash And Equivalents	27.55M	47.94M	31.87M	18.76M	53.54M
Short Term Investments	1.46M	51.51M	51.41M	1.58M	888K
Total Cash And Short Term Investments	29M	99.45M	83.28M	20.34M	54.43M
Accounts Receivable, Total	157M	251M	291M	292M	184M
Other Receivables	3.18M	4.2M	5.68M	5.73M	3.24M
Total Receivables	161M	255M	296M	298M	187M
Prepaid Expenses	396K	688K	270K	105K	681K
Other Current Assets, Total	6.45M	-	-	-	-
Total Current Assets	196M	355M	380M	318M	242M
Gross Property Plant And Equipment	7.54M	9.61M	12.06M	11.05M	15.2M
Accumulated Depreciation	-5.02M	-6.17M	-7.43M	-8.32M	-9.9M
Net Property Plant And Equipment	2.52M	3.44M	4.64M	2.72M	5.3M
Other Long-Term Assets, Total	173K	-	184K	-	-
Total Assets	199M	358M	385M	321M	248M
Liabilities
Accounts Payable, Total	28.71M	21.87M	33.23M	20.49M	10.35M
Accrued Expenses, Total	14.32M	18.95M	21.82M	17.23M	9.98M
Short-term Borrowings	10.74M	5.63M	-	8.78M	10.29M
Current Portion of Leases	510K	353K	536K	370K	1.52M
Current Income Taxes Payable	688K	1.37M	-	-	-
Unearned Revenue Current, Total	887K	3.08M	2.5M	1.64M	1.41M
Other Current Liabilities	335K	-	-	-	-
Total Current Liabilities	56.19M	51.26M	58.08M	48.51M	33.54M
Long-Term Leases	353K	-	370K	-	2.5M
Deferred Tax Liability Non Current	174K	320K	316K	201K	28K
Total Liabilities	56.72M	51.58M	58.77M	48.71M	36.08M
Common Stock, Total	390K	10M	10M	10M	10M
Additional Paid In Capital	-	-	105M	105M	105M
Retained Earnings	142M	297M	210M	157M	96.22M
Total Common Equity	142M	307M	326M	272M	212M
Total Equity	142M	307M	326M	272M	212M
Total Liabilities And Equity	199M	358M	385M	321M	248M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	750M	1B	1B	1B	1B
ECS Total Common Shares Outstanding	750M	1B	1B	1B	1B
Book Value / Share	0.19	0.31	0.33	0.27	0.21
Tangible Book Value	142M	307M	326M	272M	212M
Tangible Book Value Per Share	0.19	0.31	0.33	0.27	0.21
Total Debt	11.6M	5.99M	906K	9.16M	14.32M
Net Debt	-17.4M	-93.46M	-82.37M	-11.19M	-40.11M
Debt Equivalent Oper. Leases	18.91M	41.36M	20.71M	15.66M	2.6M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	6.56M	8.62M	11.07M	10.72M	11.19M
Full Time Employees	83	77	89	55	45
Accumulated Allowance for Doubtful Accounts (Supple)	166K	270K	881K	5.61M	3.56M
Order Backlog	758M	621M	565M	343M	690M

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Net Income	31.29M	49.33M	19.07M	-53.47M	-60.78M
Depreciation & Amortization - CF	1.32M	1.62M	2.24M	2.18M	2.2M
Depreciation & Amortization, Total	1.32M	1.62M	2.24M	2.18M	2.2M
(Gain) Loss From Sale Of Asset	-	-8K	-	-38K	-
Provision and Write-off of Bad Debts	-360K	439K	625K	33.57M	45.42M
Other Operating Activities, Total	-8.54M	366K	-6.05M	-166K	1.67M
Change In Accounts Receivable	-3.34M	-86.36M	-39.98M	-35.25M	63.8M
Change In Accounts Payable	-5.1M	-7.81M	14.23M	-17.69M	-17.48M
Change in Unearned Revenues	-917K	2.19M	-580K	-855K	-233K
Cash from Operations	14.35M	-40.24M	-10.44M	-71.72M	34.6M
Capital Expenditure	-868K	-2.54M	-2.44M	-273K	-506K
Sale of Property, Plant, and Equipment	-	8K	-	38K	-
Investment in Marketable and Equity Securities, Total	-	-50M	-	50M	-
Other Investing Activities, Total	-5K	372K	3M	846K	5K
Cash from Investing	-873K	-52.16M	560K	50.61M	-501K
Short Term Debt Issued, Total	-	19.1M	-	-	-
Total Debt Issued	-	19.1M	-	-	-
Short Term Debt Repaid, Total	-4.6M	-24.21M	-5.63M	-	-
Long-Term Debt Repaid, Total	-527K	-537K	-451K	-568K	-637K
Total Debt Repaid	-5.13M	-24.74M	-6.08M	-568K	-637K
Issuance of Common Stock	-	125M	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	3.12M	-6.56M	-102K	-222K	-188K
Cash from Financing	-2M	113M	-6.19M	-790K	-825K
Net Change in Cash	11.48M	20.4M	-16.07M	-21.89M	33.28M
Supplemental Items
Cash Interest Paid	120K	513K	102K	222K	188K
Cash Income Tax Paid (Refund)	16.16M	6.58M	7.57M	103K	-1.54M
Levered Free Cash Flow	14.31M	-60.81M	-16.19M	-51.64M	56.04M
Unlevered Free Cash Flow	14.39M	-60.47M	-16.12M	-51.49M	56.18M
Change In Net Working Capital	15.15M	87.63M	28.78M	19.69M	-92.45M
Net Debt Issued / Repaid	-5.13M	-5.64M	-6.08M	-568K	-637K

Fiscal Period: March	2022 (HKD)	2023 (HKD)	2024 (HKD)	2025 (HKD)	2026 (HKD)
Profitability
Return on Assets	15.06	10.07	3.46	-9.55	-13.35
Return on Total Capital	20.52	12.03	4.02	-11.08	-14.96
Return On Equity %	24.68	21.96	6.03	-17.88	-25.12
Return on Common Equity	24.68	21.96	6.03	-17.88	-25.12
Margin Analysis
Gross Profit Margin %	12.64	12.1	7.15	0.4	1.58
SG&A Margin	2.48	3.71	3.54	4.24	7.51
EBITDA Margin %	10.38	8.5	3.82	-9.84	-22.77
EBITA Margin %	10.2	8.29	3.52	-10.16	-23.4
EBIT Margin %	10.2	8.29	3.52	-10.16	-23.4
Income From Continuing Operations Margin %	6.86	9.11	3.26	-10.08	-23.41
Net Income Margin %	6.86	9.11	3.26	-10.08	-23.41
Net Avail. For Common Margin %	6.86	9.11	3.26	-10.08	-23.41
Normalized Net Income Margin	6.36	4.44	2.43	-6.28	-14.67
Levered Free Cash Flow Margin	3.13	-11.23	-2.77	-9.73	21.59
Unlevered Free Cash Flow Margin	3.15	-11.16	-2.75	-9.7	21.64
Asset Turnover
Asset Turnover	2.36	1.94	1.58	1.5	0.91
Fixed Assets Turnover	202.5	181.67	144.92	144.22	64.7
Receivables Turnover (Average Receivables)	2.94	2.66	2.16	1.82	1.09
Short Term Liquidity
Current Ratio	3.5	6.92	6.54	6.56	7.22
Quick Ratio	3.37	6.91	6.53	6.56	7.2
Operating Cash Flow to Current Liabilities	0.26	-0.78	-0.18	-1.48	1.03
Days Sales Outstanding (Average Receivables)	124.22	137.47	169.22	200.4	334.76
Average Days Payable Outstanding	24.66	19.39	18.56	18.55	22.03
Long Term Solvency
Total Debt/Equity	8.15	1.95	0.28	3.36	6.77
Total Debt / Total Capital	7.53	1.91	0.28	3.25	6.34
LT Debt/Equity	0.25	-	0.11	-	1.18
Long-Term Debt / Total Capital	0.23	-	0.11	-	1.11
Total Liabilities / Total Assets	28.48	14.39	15.28	15.17	14.57
EBIT / Interest Expense	332.52	83.19	180.59	-212.3	-276.06
EBITDA / Interest Expense	341.93	86.2	200.26	-203.7	-266.09
(EBITDA - Capex) / Interest Expense	335.73	81.49	178.82	-204.78	-268.39
Total Debt / EBITDA	0.24	0.13	0.04	-0.18	-0.24
Net Debt / EBITDA	-0.36	-2.01	-3.61	0.22	0.69
Total Debt / (EBITDA - Capex)	0.25	0.14	0.04	-0.18	-0.24
Net Debt / (EBITDA - Capex)	-0.37	-2.12	-4.04	0.22	0.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.65	18.67	8.04	-9.32	-51.08
Gross Profit, 1 Yr. Growth %	6.98	13.58	-36.14	-94.93	93.87
EBITDA, 1 Yr. Growth %	8.74	-2.79	-51.5	-333.86	13.17
EBITA, 1 Yr. Growth %	8.2	-3.5	-54.17	-361.94	12.63
EBIT, 1 Yr. Growth %	8.2	-3.5	-54.17	-361.94	12.63
Earnings From Cont. Operations, 1 Yr. Growth %	-32.03	57.63	-61.34	-380.41	13.66
Net Income, 1 Yr. Growth %	-32.03	57.63	-61.34	-380.41	13.66
Normalized Net Income, 1 Yr. Growth %	9.94	-0.86	-40.79	-334.09	14.39
Diluted EPS Before Extra, 1 Yr. Growth %	-32.03	36.12	-66.43	-380.41	13.66
Accounts Receivable, 1 Yr. Growth %	2.76	59.12	15.96	0.55	-37.02
Net Property, Plant and Equip., 1 Yr. Growth %	26.99	36.44	34.7	-41.23	94.57
Total Assets, 1 Yr. Growth %	6.37	79.91	7.33	-16.52	-22.87
Tangible Book Value, 1 Yr. Growth %	28.15	115.33	6.22	-16.41	-22.32
Common Equity, 1 Yr. Growth %	28.15	115.33	6.22	-16.41	-22.32
Cash From Operations, 1 Yr. Growth %	-75.63	-380.32	-74.09	586.66	-148.25
Capital Expenditures, 1 Yr. Growth %	-32.5	192.86	-3.82	-88.83	85.35
Levered Free Cash Flow, 1 Yr. Growth %	-60.18	-525.08	-73.38	219.06	-208.51
Unlevered Free Cash Flow, 1 Yr. Growth %	-60.52	-520.15	-73.35	219.48	-209.12
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.69	10.9	13.23	-1.02	-33.4
Gross Profit, 2 Yr. CAGR %	11.98	10.23	-14.83	-82	-68.64
EBITDA, 2 Yr. CAGR %	19.79	2.81	-31.34	6.5	62.68
EBITA, 2 Yr. CAGR %	19.57	2.18	-33.5	9.56	71.76
EBIT, 2 Yr. CAGR %	19.57	2.18	-33.5	9.56	71.76
Earnings From Cont. Operations, 2 Yr. CAGR %	10.11	3.51	-21.94	4.11	78.53
Net Income, 2 Yr. CAGR %	10.11	3.51	-21.94	4.11	78.53
Normalized Net Income, 2 Yr. CAGR %	21.8	-4.58	-23.38	17.73	63.64
Diluted EPS Before Extra, 2 Yr. CAGR %	10.11	-3.81	-32.4	-2.97	78.53
Accounts Receivable, 2 Yr. CAGR %	0.83	27.88	35.84	7.98	-20.42
Net Property, Plant and Equip., 2 Yr. CAGR %	12.49	31.63	35.57	-11.03	6.93
Total Assets, 2 Yr. CAGR %	5.87	38.33	38.96	-5.34	-19.75
Tangible Book Value, 2 Yr. CAGR %	48.35	66.12	51.23	-5.77	-19.42
Common Equity, 2 Yr. CAGR %	48.35	66.12	51.23	-5.77	-19.42
Cash From Operations, 2 Yr. CAGR %	-12.51	-17.34	-14.7	33.39	82.02
Capital Expenditures, 2 Yr. CAGR %	61.69	40.59	67.83	-67.23	-54.51
Levered Free Cash Flow, 2 Yr. CAGR %	-28.76	30.1	6.37	-7.84	86.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	-27.41	28.8	5.81	-7.73	86.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.63	1.82	9.94	5.15	-21.74
Gross Profit, 3 Yr. CAGR %	22.33	12.51	-8.11	-66.74	-60.25
EBITDA, 3 Yr. CAGR %	34.02	11.73	-19.96	3.31	8.68
EBITA, 3 Yr. CAGR %	34.29	11.33	-21.78	5.02	10.57
EBIT, 3 Yr. CAGR %	34.29	11.33	-21.78	5.02	10.57
Earnings From Cont. Operations, 3 Yr. CAGR %	25.88	24.1	-25.46	19.55	7.2
Net Income, 3 Yr. CAGR %	25.88	24.1	-25.46	19.55	7.2
Normalized Net Income, 3 Yr. CAGR %	35.74	7.11	-18.61	11.18	16.61
Diluted EPS Before Extra, 3 Yr. CAGR %	25.88	18.18	-32.27	8.62	2.28
Accounts Receivable, 3 Yr. CAGR %	10.74	17.39	23.78	22.88	-9.78
Net Property, Plant and Equip., 3 Yr. CAGR %	-3.99	19.97	32.64	2.6	15.49
Total Assets, 3 Yr. CAGR %	6.6	26.33	27.11	17.25	-11.59
Tangible Book Value, 3 Yr. CAGR %	52.49	67.97	43.11	24.11	-11.65
Common Equity, 3 Yr. CAGR %	52.49	67.97	43.11	24.11	-11.65
Cash From Operations, 3 Yr. CAGR %	-33.65	28.98	-43.82	70.96	-4.96
Capital Expenditures, 3 Yr. CAGR %	20.03	97.1	23.88	-31.99	-41.61
Levered Free Cash Flow, 3 Yr. CAGR %	-	29.21	-23.34	53.41	-2.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	30.33	-23.82	52.94	-2.42
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	5.49	0.67	-10.03
Gross Profit, 5 Yr. CAGR %	-	-	5.84	-45.95	-40.23
EBITDA, 5 Yr. CAGR %	-	-	2.57	9.61	6.29
EBITA, 5 Yr. CAGR %	-	-	1.38	10.62	7.14
EBIT, 5 Yr. CAGR %	-	-	1.38	10.62	7.14
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	3.98	15.68	5.71
Net Income, 5 Yr. CAGR %	-	-	3.98	15.68	5.71
Normalized Net Income, 5 Yr. CAGR %	-	-	4.17	11.24	7.62
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-1.84	9.21	-0.2
Accounts Receivable, 5 Yr. CAGR %	-	-	20.17	13.54	3.73
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	10.22	6.45	21.69
Total Assets, 5 Yr. CAGR %	-	-	18.52	12.56	5.75
Tangible Book Value, 5 Yr. CAGR %	-	-	51.99	33.29	13.74
Common Equity, 5 Yr. CAGR %	-	-	51.99	33.29	13.74
Cash From Operations, 5 Yr. CAGR %	-	-	-26.64	30.77	-10.09
Capital Expenditures, 5 Yr. CAGR %	-	-	37.25	-3.84	-17.02
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	12.87	9.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	13.52	9.04