Analogue 2025 Annual Results Profit Attributable to Owners of the Company Increases 23.5% to HK$167.0 Million

Contracts-in-hand surged 61.8% to HK$17,878.7 million, hitting another record-high, made possible by a 113.7% increase in order intake to HK$12,913.6 million during the Year.

Mar. 27, 2026 at 6:38pm

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Analogue Holdings Limited, a leading provider of electrical and mechanical engineering solutions and information and communications technology services for smart cities, announced its annual results for the year ended 31 December 2025 with net profit growth, contracts-in-hand achieving another record high, and order intake more than doubled, providing a solid business foundation for the coming three years and beyond.

Why it matters

Analogue's strong financial performance and record-breaking contracts-in-hand demonstrate the company's ability to adapt and thrive in a challenging global environment, leveraging its comprehensive engineering capabilities and innovative solutions to deliver value for customers and shareholders.

The details

Analogue's profit attributable to owners of the Company increased 23.5% to HK$167.0 million, with contracts-in-hand surging 61.8% to HK$17,878.7 million and order intake more than doubling to HK$12,913.6 million during the year. The company maintained a strong cash position, with bank balances and cash of HK$1,020.8 million and a reduced gearing ratio of 10.1%. Analogue's Building Services, Environmental Engineering, Information, Communications and Building Technologies, and Lifts & Escalators segments all reported strong performance, with the company continuing to invest in innovation, modern manufacturing facilities, and strategic partnerships to strengthen its market position.

  • The annual results are for the year ended 31 December 2025.
  • Analogue announced the results on 27 March 2026.

The players

Analogue Holdings Limited

A leading provider of electrical and mechanical engineering solutions and information and communications technology services for smart cities, with headquarters in Hong Kong and operations in the Chinese Mainland, Macau, the United States, the United Kingdom, Germany, Singapore and Malaysia.

Dr Mak Kin Wah

The Chairman of Analogue Holdings Limited.

Transel Elevator & Electric Inc. (TEI)

An associate company of Analogue in the United States, and one of the largest independent lifts and escalators companies in New York.

Nanjing Canatal Data-Centre Environmental Tech Co., Ltd.

An associate partner of Analogue, specializing in the manufacturing of precision air conditioners.

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What they’re saying

“The Year 2025 saw profound changes around the world, with challenges and yet also opportunities. Our Group has continued to stride forward: upholding what we commit by delivering the fundamentals well, striving for continuous improvement to make transformation actionable, investing in technology advancement and productivity, and bringing Hong Kong's engineering excellence to the world.”

— Dr Mak Kin Wah, Chairman

“Supported by strong cashflow, we are in a strong position to take on additional work where appropriate and to seize high-value opportunities as they arise. We will continue to stay agile and focused on capturing opportunities across our broad portfolio, build on our competitive strengths through continuous improvement, and reinforce the use of innovative solutions that enhance quality, safety and performance.”

— Dr Mak Kin Wah, Chairman

What’s next

Analogue will continue to focus on capturing opportunities across its broad portfolio, building on its competitive strengths through continuous improvement, and reinforcing the use of innovative solutions to enhance quality, safety and performance.

The takeaway

Analogue's strong financial results, record-breaking contracts-in-hand, and investments in innovation and strategic partnerships demonstrate the company's ability to adapt and thrive in a challenging global environment, positioning it for continued success in the years ahead.