Phoenix Asia H1 Revenue Drops 7.3% to US$3.51M, Net Income Plunges 68.6%
Phoenix Asia’s six-month revenue fell 7.3% to US$3.51 million for the period ended September 30, 2025, while gross profit declined 31.4% to US$741,443. Net income plunged 68.6% to US$198,336 as margin pressure from negotiated variation orders weighed on results.
1. Unaudited H1 2025 Financial Results
Phoenix Asia reported revenue of US$3,511,591 for the six months ended September 30, 2025, down 7.3% year-over-year. Gross profit fell 31.4% to US$741,443, while net income declined 68.6% to US$198,336 due to margin contraction.
2. Variation Orders and Margin Pressure
Cost of revenue increased 2.2% to US$2,770,148 largely from additional work under variation orders, which remain under negotiation and constrained gross margins during the period.
3. Business Operations and Future Positioning
Through Winfield Engineering, Phoenix Asia focuses on site formation, ground investigation and foundation works in Hong Kong. Management states its expertise and project track record position the company to capture substructure market growth despite current headwinds.