Progressive Path Group Holdings Limited logo

Progressive Path Group Holdings Limited

1581.HK

HKSEIndustrialsRental & Leasing Services

Latest quote

HK$0.305

−HK$0.01 · -3.17%

Aug 24, 3:24 PM HKT

1581.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Progressive Path Group Holdings Limited operates as an investment holding company, with its primary business activities focused on providing construction services and renting out heavy machinery. The firm undertakes a diverse range of building projects, encompassing critical foundation work, site preparation, and general construction, including builder's activities. Beyond its contracting endeavors, the company also maintains a fleet of construction machinery and vehicles available for lease, often complemented by skilled operators and comprehensive transportation solutions. Its services are predominantly utilized by construction companies involved in both public and private sector developments throughout Hong Kong. Established in 2016, Progressive Path Group Holdings Limited is headquartered in Tuen Mun, Hong Kong, and functions as a subsidiary of Profit Gold Global Limited.

Industry
Rental & Leasing Services
Sector
Industrials
Headquarters
HK
CEO
Wing Hang Wu
Listed since
Dec 8, 2016
Employees
58

Market position

Day range

Current HK$0.305

52-week range

Current HK$0.305

Open
HK$0.30
Previous close
HK$0.315
Volume
170K
0.22× average
Average volume
772.52K
Average daily volume
Market cap
126.58M HKD
Beta
0.24
Market reference 1
50-day average
HK$0.3102
-1.68% below average
200-day average
HK$0.2599
+17.38% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
157.68M HKD
EV / EBITDA
1.7×
Earnings yield
22.23%
Free cash flow yield
32.15%

Profitability & efficiency

Return on equity
6.55%
Return on assets
3.37%
Return on invested capital
2.18%

Financial health

Current ratio
1.7×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends9%4%-2%-7%Gross margin, FY2021: 6.52%Gross margin, FY2022: 0.72%Gross margin, FY2023: 7.93%Gross margin, FY2024: 6.94%Gross margin, FY2025: 3.75%Operating margin, FY2021: 2.26%Operating margin, FY2022: -5.90%Operating margin, FY2023: 4.67%Operating margin, FY2024: 3.83%Operating margin, FY2025: 1.25%Net margin, FY2021: 2.35%Net margin, FY2022: -4.30%Net margin, FY2023: 3.05%Net margin, FY2024: 3.73%Net margin, FY2025: 2.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 6.52%. Gross margin FY2022 0.72%. Gross margin FY2023 7.93%. Gross margin FY2024 6.94%. Gross margin FY2025 3.75%. Operating margin FY2021 2.26%. Operating margin FY2022 -5.90%. Operating margin FY2023 4.67%. Operating margin FY2024 3.83%. Operating margin FY2025 1.25%. Net margin FY2021 2.35%. Net margin FY2022 -4.30%. Net margin FY2023 3.05%. Net margin FY2024 3.73%. Net margin FY2025 2.42%.

Income trends

Revenue

841.32M HKD-7.93%

Operating income

10.56M HKD-69.88%

Net income

20.39M HKD-40.21%
Income trends across reported periods1.01B HKD630.6M HKD253.03M HKD−124.54M HKDRevenue, FY2021: 515.95M HKDRevenue, FY2022: 511.02M HKDRevenue, FY2023: 728.53M HKDRevenue, FY2024: 913.78M HKDRevenue, FY2025: 841.32M HKDOperating income, FY2021: 11.66M HKDOperating income, FY2022: −30.15M HKDOperating income, FY2023: 34.03M HKDOperating income, FY2024: 35.04M HKDOperating income, FY2025: 10.56M HKDNet income, FY2021: 12.13M HKDNet income, FY2022: −21.96M HKDNet income, FY2023: 22.22M HKDNet income, FY2024: 34.1M HKDNet income, FY2025: 20.39M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 515.95M HKD. Revenue FY2022 511.02M HKD. Revenue FY2023 728.53M HKD. Revenue FY2024 913.78M HKD. Revenue FY2025 841.32M HKD. Operating income FY2021 11.66M HKD. Operating income FY2022 −30.15M HKD. Operating income FY2023 34.03M HKD. Operating income FY2024 35.04M HKD. Operating income FY2025 10.56M HKD. Net income FY2021 12.13M HKD. Net income FY2022 −21.96M HKD. Net income FY2023 22.22M HKD. Net income FY2024 34.1M HKD. Net income FY2025 20.39M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue841.32M HKD913.78M HKD728.53M HKD511.02M HKD515.95M HKD
Cost of goods sold809.76M HKD850.35M HKD670.76M HKD507.34M HKD482.31M HKD
Gross profit31.56M HKD63.44M HKD57.77M HKD3.68M HKD33.64M HKD
Selling, general, and administrative21.01M HKD25.33M HKD23.74M HKD23.88M HKD23.58M HKD
Operating expenses21.01M HKD28.4M HKD23.74M HKD18.87M HKD19.09M HKD
Interest income1.1M HKD538K HKD388K HKD516K HKD63K HKD
Interest expense6.19M HKD10.75M HKD14.65M HKD10.57M HKD6.48M HKD
Depreciation and amortization82.4M HKD97.97M HKD102.24M HKD98.17M HKD71.66M HKD
Operating income10.56M HKD35.04M HKD34.03M HKD−30.15M HKD11.66M HKD
Net income20.39M HKD34.1M HKD22.22M HKD−21.96M HKD12.13M HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.05

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.090.03-0.03-0.1Q3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q1 '25
Q3 2021, reported Sep 30, 2021: actual 0.023, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 0.027, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 29, 2022: actual 0.004, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 29, 2023: actual -0.055, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 0.007, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 0.046, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 0.029, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 0.053, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates499.17M409.43M319.69M229.96MQ3 '21Q1 '22Q4 '22Q2 '23Q4 '23Q2 '24Q4 '24Q1 '25
Q3 2021, reported Sep 30, 2021: actual 262.12M HKD, estimate —, surprise —, Comparison unavailable. Q1 2022, reported Mar 31, 2022: actual 253.83M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 29, 2022: actual 249.15M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Jun 29, 2023: actual 261.86M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 29, 2023: actual 299.22M HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Jun 28, 2024: actual 429.31M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 479.97M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 31, 2025: actual 433.81M HKD, estimate —, surprise —, Comparison unavailable.

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