Fenbo Holdings management commentary attributes wider first-half 2026 net loss to costs outpacing revenue growth

• Fenbo Holdings management commentary showed net loss widened 30.8% to HKD 5 million for the six months ended June 30, 2026.
• Revenue rose 5.8% to HKD 45.2 million, driven by increased shipments to the United States.
• Cost of sales increased 10.5%, outpacing revenue growth; gross margin fell to 11.4% from 15.2%.
• Operating loss widened 34.2% to HKD 4.8 million, primarily reflecting lower gross profit.
• Operating cash outflow reached HKD 7.8 million, reflecting the net loss, increased receivables and higher inventories.

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