China National Building (3323.HK) Q4 2025 Earnings Report

CNBM reported a mixed QQ4 2025 performance. Revenue reached 84.56 billion CNY, up 1.31% year-over-year but down 9.35% quarter-over-quarter, with gross profit of 15.15 billion CNY and a gross margin of 17.9%. EBITDA stood at 8.86 billion CNY and operating income at 5.37 billion CNY, signaling solid operating leverage within the core Cement, Concrete, New Materials and Engineering Services segments. However, the company recorded a substantial non-operating charge, with total other income and expenses net of -13.52 billion CNY, leading to an income before tax of -8.15 billion CNY and a net loss of -7.53 billion CNY. This translated to an earnings per share of -0.94 (diluted -0.99).