Revenue Growth - Revenue for the six months ended June 30, 2025, was HKD 14,082,000, a significant increase of 134% compared to HKD 5,997,000 for the same period in 2024[8] - Customer contracts contributed HKD 11,756,000 to revenue, up from HKD 3,766,000, reflecting a growth of 212% year-over-year[8] - Total revenue for the year 2025 reached 14,082 thousand HKD, a significant increase from 5,997 thousand HKD in 2024, representing a growth of approximately 134.5%[28] - Customer contracts and revenue recognized at a point in time amounted to 11,756 thousand HKD in 2025, up from 3,765 thousand HKD in 2024, indicating a growth of 212.5%[28] - The brokerage services segment generated revenue of HKD 13,212,000, while the guarantee financing and related advisory services segment contributed HKD 870,000, leading to a total segment revenue of HKD 14,082,000 for the six months ended June 30, 2025[23] - Brokerage, related advisory services, and margin financing business revenue increased by HKD 9.2 million, or 229%, attributed to heightened market activity[54] Profitability - The company reported a pre-tax profit of HKD 9,776,000, compared to a loss of HKD 1,074,000 in the previous year, indicating a turnaround in performance[8] - Basic earnings per share for the period was HKD 0.83, compared to a loss per share of HKD 0.14 in the same period last year[8] - The net profit attributable to the owners of the company for 2025 was 8,013 thousand HKD, a turnaround from a loss of 1,122 thousand HKD in 2024[34] - The group’s net profit for the period was HKD 8.0 million, compared to a loss of HKD 1.1 million in the previous period, driven by higher revenue and overall cost savings[62] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 22,560,000 from HKD 13,898,000, representing a growth of 62%[9] - Operating cash flow before changes in working capital increased to HKD 9,180,000 from HKD 448,000 year-on-year, marking a growth of approximately 1,952%[14] - The net cash generated from operating activities for the six months ended June 30, 2025, was HKD 27,685,000, compared to HKD 1,998,000 in the previous year, indicating a growth of approximately 1,286%[15] - Total cash and cash equivalents increased to HKD 22,560,000 as of June 30, 2025, up from HKD 12,506,000 a year earlier, reflecting a growth of approximately 80.5%[15] - As of June 30, 2025, the group's cash and cash equivalents amounted to approximately HKD 22.6 million, an increase from HKD 13.9 million as of December 31, 2024[64] - The group maintained a net cash position as of June 30, 2025, compared to a 31% net debt ratio as of December 31, 2024[64] Assets and Liabilities - Total assets as of June 30, 2025, were HKD 80,963,000, a decrease from HKD 88,993,000 in 2024[9] - The company’s total liabilities decreased to HKD 20,362,000 from HKD 36,405,000, showing a reduction of 44%[10] - The equity total increased to HKD 60,601,000 from HKD 52,588,000, reflecting a growth of 15%[10] - The company’s total liabilities included a repayment of shareholder loans amounting to HKD 19,300,000 during the reporting period[15] - Shareholder loans as of June 30, 2025, were HKD 10.7 million, down from HKD 30.0 million as of December 31, 2024[65] Expenses - The company’s administrative expenses decreased to HKD 1,901,000 from HKD 3,949,000, a reduction of 52%[8] - Other operating and administrative expenses were approximately HKD 1.9 million, a decrease of about HKD 2.0 million, or 51.9%, compared to the previous period, mainly due to cost-saving measures[60] - The total employee costs rose to 3,208 thousand HKD in 2025, compared to 2,584 thousand HKD in 2024, reflecting an increase of 24.1%[32] Share Capital and Dividends - The company issued new shares amounting to HKD 38,200,000 during the period, enhancing its capital base[13] - The weighted average number of ordinary shares used for calculating basic earnings per share increased to 960,000 in 2025 from 800,000 in 2024[34] - The total number of issued shares as of the report date is 960,000,000 shares[91] - The board has not declared any dividends for the current period, consistent with the previous period's dividend of HKD 0 per share[79] Market Outlook - The group anticipates strong market momentum in the second half of 2025, supported by significant southbound capital and expectations of interest rate cuts[63] Corporate Governance - The board is committed to good corporate governance practices and has adhered to the GEM Listing Rules and Corporate Governance Code[74] Other Information - The group has not reported any significant changes in accounting policies that would materially affect its financial performance or position[20] - The group has complied with the liquidity requirements under the Securities and Futures (Financial Resources) Rules during the reporting period[65] - The group does not face significant credit risk as all bank balances and deposits are held with recognized banks in Hong Kong and Macau[66] - There are no significant contingent liabilities as of June 30, 2025[69] - The group has not made any significant investments or acquisitions during the reporting period[73]
立桥证券控股(08350) - 2025 - 中期财报