Masonglory FY26 swings to net loss of US$8 million; revenue rises 1% to US$23.56 million - MSGY News | RalliesMasonglory FY26 swings to net loss of US$8 million; revenue rises 1% to US$23.56 million
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MSGY• FY26 results and backlog
- Masonglory posted a net loss of US$8 million, swinging from net income of US$1.28 million a year earlier.
- Revenue rose 1% to US$23.56 million, while gross profit fell 52.2% to US$1.04 million; gross margin dropped 4.9 percentage points to 4.4%.
- Administrative expenses jumped to US$8.85 million from US$668,785, driven by a non-cash share-based compensation charge of US$7.81 million.
- Backlog more than doubled to US$31.41 million, reflecting US$41.27 million of new contracts awarded during the year.
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