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OFA Group

ofacorp.com

What Do They Do?

Provides architectural design and fit-out services for commercial and residential buildings.

How Do They Make Money?

Customers pay an initial amount before a project begins, interim bills at project milestones, and a final bill near completion; the company earns design and fit-out fees as work progresses.

revenue
SegmentShareRevenue
Design and Fit-out Services
Recurring

85%
FY2023: 87%
Others
15%

Who Are Their Customers?

Individuals and entities in Hong Kong buy architectural design services for homes, commercial and mixed-use properties, and institutional facilities.

Customers above 10% of revenue, FY2026
of revenue from two customers (83%, 12%)
FY2025: 37% from two customers

Do Revenues Turn Into Profits?

No. It lost $8M in FY2026.

Operating income, FY2026
−1119% of revenue
▲ +1067% (Loss) vs FY2025 (−$687.2K, −340%)
Net income, FY2026
−1119% of revenue
▲ +1023% (Loss) vs FY2025 (−$714.7K, −354%)
Free cash flow, FY2026
−664% of revenue

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Jun 30, 2026
Revenue
▼ −22%
vs $19K in Q1 FY2026
Net income
▲ +10% (Loss)
vs −$1.7M in Q1 FY2026

Shrinking. Revenue fell 35% in 3 years, from $1.1M in FY2023 to $716.9K in FY2026, about 13% a year.

Revenue over time
Design and Fit-out Services Others Management Service Design Only Services Application Services
$2M$1M$0

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