Financial Performance - For the fiscal year 2025, the company recorded revenue of approximately HKD 734.3 million, representing an increase of about 17.4% compared to HKD 625.4 million in fiscal year 2024[3] - The gross profit for fiscal year 2025 was approximately HKD 141.4 million, which is an increase of about 3.2% from HKD 137.0 million in fiscal year 2024[3] - The net profit attributable to shareholders for fiscal year 2025 was approximately HKD 24.5 million, down from HKD 29.7 million in fiscal year 2024[3] - The adjusted net profit for fiscal year 2025 was approximately HKD 18.2 million, a turnaround from an adjusted loss of HKD 0.4 million in fiscal year 2024[3] - Total comprehensive income for fiscal year 2025 amounted to approximately HKD 24.7 million, compared to HKD 29.5 million in fiscal year 2024[4] - The basic earnings per share for fiscal year 2025 was HKD 2.44, down from HKD 2.94 in fiscal year 2024[4] - The company reported a segment profit of HKD 136.704 million for the fiscal year 2025, compared to HKD 118.5 million in fiscal year 2024, showing an increase of around 15.3%[18] - The company reported a pre-tax profit of HKD 30,970,000 for the year[20] - The company recorded a net profit attributable to shareholders of approximately HKD 24.5 million in FY2025, down from approximately HKD 29.7 million in FY2024[51] Revenue Breakdown - Revenue from network security products amounted to HKD 310.034 million, up from HKD 277.419 million in the previous year, indicating a growth of about 11.7%[16] - Revenue from network security services was HKD 424.312 million, compared to HKD 347.879 million in the prior year, reflecting an increase of approximately 22%[16] - The company’s total segment revenue for network security products and services combined was HKD 734.346 million for the fiscal year 2025[18] - Total revenue for the year ended March 31, 2024, was HKD 625,372,000, with segment revenues of HKD 277,419,000 from network security products, HKD 347,879,000 from network security services, and HKD 74,000 from financial services and investments[20] Cash Flow and Assets - The company's cash and cash equivalents increased to HKD 82.7 million in fiscal year 2025 from HKD 55.9 million in fiscal year 2024[5] - The total assets less current liabilities stood at HKD 418.7 million in fiscal year 2025, compared to HKD 409.1 million in fiscal year 2024[5] - The company's equity attributable to shareholders increased to HKD 186.5 million in fiscal year 2025 from HKD 161.8 million in fiscal year 2024[6] - Operating cash flow net amount surged by approximately 381.0%, increasing from approximately HKD 13.8 million in FY2024 to approximately HKD 66.4 million in FY2025[52] Expenses and Costs - The company’s administrative and other expenses amounted to HKD 70.509 million, contributing to the overall financial performance[18] - The financing costs for the company were reported at HKD 4.335 million, impacting the pre-tax profit[18] - The company’s financing costs decreased from approximately HKD 4.6 million in FY2024 to approximately HKD 4.3 million in FY2025, a reduction of about 6.6%[49] - The company incurred a financing cost of HKD 4,639,000 during the year[20] - The company’s total employee costs decreased from HKD 93,404,000 in 2024 to HKD 78,372,000 in 2025[24] Inventory and Receivables - The company reported a decrease in inventory from HKD 31.9 million in fiscal year 2024 to HKD 10.4 million in fiscal year 2025[5] - Trade receivables decreased from HKD 219.622 million in 2024 to HKD 200.539 million in 2025, with a provision for credit losses increasing from HKD 1.707 million to HKD 7.116 million[29] - The total amount of trade and other receivables, prepayments, and deposits increased from HKD 618.680 million in 2024 to HKD 647.150 million in 2025[29] Corporate Governance and Strategy - The company remains committed to implementing corporate strategies and focusing on demonstrating its core strengths and providing excellent services[37] - The board is committed to establishing sound corporate governance practices and has adhered to the corporate governance code during the fiscal year 2025[75] - The chairman and CEO roles are held by the same individual, which the board believes is in the best interest of the group during a critical development phase[77] Market Outlook and Future Plans - The company expects the implementation of new accounting standards to impact future financial statements, particularly in the presentation and disclosure of the income statement[14] - The company has not applied any new or revised Hong Kong Financial Reporting Standards that are expected to have a significant impact on the consolidated financial statements in the foreseeable future[12] - The company anticipates that the newly launched online cybersecurity awareness training platform will develop into a rapidly growing business segment[40] - The company aims to create more effective cybersecurity solutions to meet regional needs and ensure customer protection against network threats[42] Dividend Policy - The company has not recommended any dividend payments to ordinary shareholders for the fiscal years ending March 31, 2024, and March 31, 2025[34] - The company will not recommend a final dividend for FY2025 due to market uncertainties and the importance of maintaining sufficient liquidity for long-term development[53] - The board does not recommend the payment of a final dividend for the fiscal year 2025 due to recent market uncertainties, maintaining sufficient liquidity for long-term development[82] Employee Information - The group had 115 employees as of March 31, 2025, down from 128 employees the previous year, with employee costs amounting to approximately HKD 78.4 million in fiscal year 2025[73] - The group has adopted a share option plan and share reward plan to incentivize and reward employees[74] Investments and Acquisitions - The group completed the sale of 15,500 ordinary shares of Lion Global Financial Group Limited for a total consideration of HKD 6,445,000, with the group’s share amounting to HKD 3,867,000[64] - The non-listed preferred share investment originally had an initial investment cost of approximately HKD 23.3 million[61] - The group has no other significant investments during the fiscal year 2025[63] - No significant acquisitions or disposals of subsidiaries, joint ventures, or associates occurred during the fiscal year 2025[69] Financial Instruments and Risks - The group did not employ any financial instruments for hedging purposes during the fiscal year 2025 and will continue to monitor foreign exchange risks[71] - As of March 31, 2025, the group's bank borrowings were secured by properties in Hong Kong and life insurance contracts with banks[72]
安领国际(01410) - 2025 - 年度业绩