Financial Performance - Revenue for the year ended July 31, 2025, was HKD 330,652,000, representing an 18.4% increase from HKD 279,335,000 in the previous year[3] - Gross profit increased by 18.2% to HKD 67,750,000 from HKD 57,317,000[3] - Shareholders' profit attributable to the company surged by 297.4% to HKD 28,163,000 compared to HKD 7,086,000 in the prior year[3] - Basic and diluted earnings per share rose to HKD 2.82, a 297.4% increase from HKD 0.71[3] - Operating profit for the year was HKD 33,799,000, compared to HKD 12,458,000 in the previous year[5] - The group’s annual profit for the year ended July 31, 2025, was HKD 28,163,000, compared to HKD 7,086,000 for the previous year, representing a significant increase[22] - The group’s profit and total comprehensive income for the year ended July 31, 2025, increased by approximately 297.2% to about HKD 28.2 million from approximately HKD 7.1 million for the year ended July 31, 2024, with a net profit margin rising from about 2.5% to approximately 8.5%[43] Dividends - The company declared a total dividend of HKD 3.5 per share, up 133.3% from HKD 1.5 per share in the previous year[3] - The company declared a final dividend of HKD 0.02 per share for the year 2025, up from HKD 0.015 per share in 2024, totaling HKD 20,000,000 compared to HKD 15,000,000 in the previous year[21] - The board proposed a final cash dividend of HKD 0.02 per ordinary share for the year ended July 31, 2025, subject to shareholder approval, bringing the total cash dividend to HKD 0.035 per share for the year, compared to HKD 0.015 in 2024[44] Revenue Breakdown - Customer contract revenue for the year ended July 31, 2025, was HKD 243,383,000, up 24.7% from HKD 195,055,000 in the previous year[12] - Heavy equipment sales and parts revenue reached HKD 208,617,000, a 31.7% increase compared to HKD 158,430,000 in the prior year[13] - Rental income from heavy equipment was HKD 87,269,000, showing a growth of 3.5% from HKD 84,280,000 in the previous year[13] - Revenue from the sale of heavy equipment and parts increased from approximately HKD 158.4 million to approximately HKD 208.6 million, a growth of about HKD 50.2 million or 31.7%[33] - Revenue from heavy equipment leasing and operator services rose from approximately HKD 105.3 million to approximately HKD 108.5 million, an increase of about HKD 3.2 million or 3.0%[34] Assets and Liabilities - The company reported a net cash balance of HKD 118,515,000, an increase from HKD 73,765,000[6] - Total assets decreased slightly to HKD 465,063,000 from HKD 467,440,000 year-over-year[6] - The company’s net asset value was HKD 441,942,000, down from HKD 443,727,000 in the previous year[6] - The total trade and lease receivables, net of expected credit loss provisions, decreased to HKD 58,766,000 in 2025 from HKD 81,631,000 in 2024, indicating improved credit management[23] - The group reported a decrease in trade payables to HKD 1,495,000 in 2025 from HKD 4,303,000 in 2024, reflecting better cash flow management[25] Expenses and Costs - The income tax expense for the year was HKD 5,458,000, an increase from HKD 4,290,000 in the previous year[17] - The group’s employee costs increased to HKD 58,002,000 in 2025 from HKD 54,995,000 in 2024, driven by higher salaries and bonuses[22] - The company's inventory provision decreased to HKD 3,455,000 in 2025 from HKD 5,470,000 in 2024, indicating improved inventory management[22] - The group’s depreciation expenses for property, plant, and equipment were HKD 36,074,000 in 2025, slightly down from HKD 37,538,000 in 2024[22] - Administrative and other operating expenses increased slightly by about HKD 0.1 million or 0.2% to approximately HKD 42.2 million[40] - Financing costs decreased by approximately HKD 0.9 million or about 81.8% to approximately HKD 0.2 million due to no bank borrowings during the year[41] Operational Insights - The company has three operating segments: heavy equipment sales and parts, heavy equipment rental, and maintenance, logistics, and other ancillary services[15] - The company maintained a strict control over overdue receivables, with a significant reduction in overdue amounts over 365 days from HKD 17,397,000 in 2024 to HKD 95,000 in 2025[24] - The group has been operating for over 24 years in the heavy equipment sales and rental services sector, focusing on new and used equipment sales, rentals, and maintenance services[28] - The group had no capital commitments or significant acquisitions and disposals during the year ended July 31, 2025[46][50] Future Outlook and Governance - The company is evaluating the impact of new accounting standards on its financial statements, which may affect the presentation and disclosure of financial performance[9] - The board believes the group's financial position is robust, with sufficient liquidity to meet funding needs through operational cash generation and bank borrowings for future operations and expansion plans[45] - The independent auditor confirmed that the financial statements for the year ended July 31, 2025, were prepared in accordance with applicable accounting standards and regulations[59] - The company will hold its 2025 Annual General Meeting on November 26, 2025[60] - The record date for shareholders to attend and vote at the 2025 Annual General Meeting is November 26, 2025[61] - The record date for shareholders entitled to the proposed final dividend is December 5, 2025[62] - The company will suspend share transfer registration from December 3 to December 5, 2025, for dividend eligibility[62] - The annual report for the year ending July 31, 2025, will be published in accordance with listing rules[63] - Printed copies of the annual report will be sent to shareholders as appropriate[63]
德利机械(02102) - 2025 - 年度业绩