MSGYNasdaqConstruction - Special Trade ContractorsUS GAAP · USD

Masonglory Ltd

Masonglory Ltd is a Cayman Islands holding company whose operating business is conducted through Masontech Limited in Hong Kong. The group provides wet trades and related ancillary subcontracting services for building projects, including plastering, tile laying, brick laying, floor screeding, and marble works.

Kysy yhtiöstä
Liikevaihto23,6milj. USD
+1,0 %v/v
Liikevoitto (EBIT)−7,8milj. USD
−619,9 %v/v
EBIT-marginaali−33,2%
−39,6 %-yks.v/v
Nettotulos−8,0milj. USD
−727,4 %v/v
Vapaa kassavirta−5,8milj. USD

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2023–2026

−100102030milj. USD2023: 8,0 milj. USD2023: EBIT 0,23 milj. USD20232024: 21 milj. USD2024: EBIT 1,5 milj. USD20242025: 23 milj. USD2025: EBIT 1,5 milj. USD20252026: 24 milj. USD2026: EBIT −7,8 milj. USD202624−7,8
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Masonglory Ltd

Liiketoiminta

Osuus liikevaihdosta
Wet trades works90 %

Core finishing and masonry subcontracting services for building projects.

Ancillary construction services10 %

Supporting works delivered alongside wet trades contracts.

Asiakkaat

Masonglory primarily serves main contractors, property developers, and public-sector project owners in Hong Kong through subcontracted wet trades packages. Its customer base includes reputable Hong Kong construction groups and government-related projects that require specialist finishing works and compliance with safety and quality standards.

Main contractors

Buy specialist wet trades packages for active building projects and subcontract execution capacity.

Property developers

Buy plastering, tiling, screeding, and marble works for residential and commercial developments.

Government and public sector

Buy compliant subcontracting services for public building and infrastructure-related works.

Strategia

Masonglory's strategy is built around maintaining long-term relationships with major customers and winning repeat subcontracting work on Hong Kong projects. The company also emphasizes execution quality, safety, and the ability to meet stringent standards, which supports tender competitiveness and access to larger developers and contractors.

Deepen relationships with major customersLyhyt aikaväli

Repeat work reduces customer acquisition risk and supports backlog visibility.

Preserve quality and safety executionKeskipitkä aikaväli

Wet trades subcontractors win work by meeting strict technical and site standards.

Broaden project pipeline in Hong KongKeskipitkä aikaväli

A larger mix of customers and projects can reduce dependence on a few accounts.

Maantiede

The operating business is centered in Hong Kong, where Masontech Limited performs wet trades subcontracting work on building projects. Masonglory itself is incorporated in the Cayman Islands and uses a BVI holding structure above the Hong Kong operating subsidiary, but revenue generation and project execution are concentrated in Hong Kong.

Riskit

Masonglory is exposed to customer concentration, project timing, and the cyclicality of Hong Kong construction activity because its revenue depends on subcontract awards and progress on building projects. As a specialist subcontractor, it also faces execution, compliance, and working-capital risks tied to labor availability, supplier performance, and changes in project scope or schedule.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1Project timing and scope changes2Construction market cyclicality3Operational execution risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    A significant portion of revenue comes from a limited group of major customers.

    Kohdistuu: Major Hong Kong contractors and developers

  2. Project timing and scope changesVaikutus: KorkeaTodennäköisyys: Korkea

    Backlog and revenue depend on commencement, progress, approvals, and variation orders.

    Kohdistuu: Construction projects in Hong Kong

  3. Construction market cyclicalityVaikutus: KeskitasoTodennäköisyys: Korkea

    Demand for wet trades work depends on building activity and tender flow.

    Kohdistuu: Hong Kong property and public works markets

  4. Operational execution riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Subcontracting requires consistent site performance, safety, and quality control.

    KohdistuuLaborSuppliersSite coordination
Kysy Clarifolta: Masonglory Ltd

Kirjanpito

Harkinnanvaraiset erät
Construction contract revenue recognition

Revenue depends on progress, scope changes, and estimates of completed work.

Vaikutus: Affects timing of revenue and gross profit

Backlog and contract adjustments

Backlog includes uncompleted work and can change materially with variations.

Vaikutus: Affects revenue visibility and project pipeline analysis

Project estimates and judgments

Management must estimate costs, progress, and contract outcomes under US GAAP.

Vaikutus: Affects reported earnings and contract margins

Internal control over financial reporting

The company disclosed a material weakness remediation plan tied to finance controls.

Vaikutus: Affects reliability of reported numbers and filing quality

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.9.2026

Masonglory Ltd (MSGY) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo