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    Engineering & construction
KPa-BM Holdings Ltd

KPa-BM Holdings Ltd

HHKEX:2663
0.68
HKD
+0.08
(+13.45%)
155.94MMarket Cap
KPa-BM Holdings Ltd
HKEX:2663
(Hong Kong Exchange)

Recent

price

0.68

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
HKD
0.44
0.66
0.64
0.63
0.69
1.22
0.76
0.82
0.96
1.2
1.2
0.7
- -
Revenue per Share
0.03
0.05
0.05
0.04
0.05
0.09
0.08
0.02
0.06
0.08
0.06
0.02
- -
Basic EPS, GAAP
-0.02
- -
0.03
0.03
0.06
0.14
0.02
0.01
0.01
0.19
0.06
0.03
- -
Free Cash Flow per Basic Share
- -
0.01
0.02
0.02
0.02
0.02
0.03
0.06
0.02
0.03
0.12
0.03
- -
Dividend per Share
0.1
0.2
0.26
0.29
0.31
0.39
0.45
0.41
0.47
0.52
0.47
0.47
0.47
Book Value per Share
0.1
0.2
0.26
0.29
0.31
0.39
0.45
0.41
0.47
0.52
0.47
0.46
0.46
Tangible Book Value per Share
450
522
600
600
600
600
600
600
591
557
557
557
557
Basic Weighted Avg Shares
197
344
381
378
415
733
458
494
568
666
668
392
- -
Sales/Revenue/Turnover
9.36
9.73
10.22
8.57
7.82
8.18
12.62
3.06
8.09
7.96
5.03
2.73
- -
Operating Margin (%)
1
1
1
2
2
9
11
10
9
9
9
9
- -
Depreciation Expense
12
25
31
26
28
54
50
12
37
46
36
13
- -
Net Income, GAAP
19.39
20.98
18.03
19.34
14.9
14.9
15.24
21.31
18
16.81
12.38
22.25
- -
Effective Tax Rate (%)
6.04
7.26
8.12
6.93
6.82
7.33
10.94
2.33
6.53
6.96
5.42
3.25
- -
Profit Margin (%)
56
104
124
144
160
192
229
226
247
277
243
236
236
Working Capital
1
1
- -
- -
- -
11
5
6
3
4
6
12
12
LT Debt
67
117
155
172
189
232
268
247
264
292
261
259
259
Total Equity
- -
21.66
19.4
14.26
13.61
23.47
18.37
4.44
13.09
14.37
11.03
3.42
- -
Return on Invested Capital (%)
- -
20.91
19.61
15.01
14.27
23.84
19.24
4.57
13.36
15.65
13.1
4.91
- -
Return on Capital (%)
- -
28.17
22.76
16.07
15.72
25.57
20.06
4.46
14.53
16.68
13.06
4.9
- -
Return on Common Equity (%)

Capital Structure

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
7
6
9
LT Borrowings
- -
- -
- -
LT Finance Leases
6
4
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
557
557
557
Market Capitalization
192
175
156

Working Capital

HKD

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
413
350
351
Cash, Cash Equivalents & STI
120
69
112
Accounts Receivable, Net
168
139
142
Inventories
19
20
17
Total Current Liabilities
170
115
115
Payables & Accruals
- -
- -
- -
ST Debt
7
6
9
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.96%
-0.35%
-0.87%
Free Cash Flow
-441.38%
519.24%
-49.32%
Net Income, GAAP
18.39%
16.78%
-64.7%
Sales/Revenue/Turnover
5.8%
-0.21%
-41.26%
Total Cash Common Dividend
- -
71.58%
-75%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
666
2025
- -
- -
668
2026
- -
- -
392

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.08
2025
- -
- -
0.06
2026
- -
- -
0.02

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.12
2026
- -
- -
0.03
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Business
KPa-BM Holdings Limited is an investment holding company principally engaged in structural engineering works with a focus on design and build projects; supply and installation of building material products; and trading of building material products, primarily in Hong Kong and Mainland China. Founded in 1991 and headquartered in Tsuen Wan, Hong Kong, the company serves residential, commercial, industrial, educational, and infrastructural sectors through subsidiaries including KPA Engineering Limited for design and build solutions such as complex architectural designs, fabrication drawing services, processing, fabrication, manufacturing, and installation of materials; and BuildMax Limited for trading building materials. It is a subsidiary of Success Wing Investments Limited and operates a vertically integrated model encompassing property investment and trademark holding activities. In recent developments, the company secured new contracts totaling approximately HK$297 million during the six months ended September 30, 2025, with outstanding contracts on hand amounting to HK$448 million as of that date; streamlined its organization by reducing headcount to integrate resources amid economic challenges and anticipates lower salary expenses; and reported revenue of HK$217.7 million for the same period, down from HK$387.5 million a year earlier due to reduced contract levels, alongside a notable project for a tower facade in Central contributing over HK$86 million.