Financial Performance - Total revenue for the six months ended September 30, 2025, was HKD 72,090,000, a decrease of 10.1% compared to HKD 80,713,000 for the same period in 2024[3] - Gross profit for the same period was HKD 21,775,000, down 8.1% from HKD 23,700,000 in 2024[3] - The net profit for the six months was HKD 5,058,000, representing an increase of 8.9% from HKD 4,644,000 in the previous year[3] - The gross profit margin improved to 30.2% from 29.3% year-on-year[3] - Basic earnings per share increased to HKD 0.59, up from HKD 0.54 in the same period last year[3] - Total comprehensive income for the period was HKD 4,416,000, down from HKD 4,947,000 in 2024[5] - The company reported a decrease in equipment rental revenue to HKD 52,422,000 from HKD 60,265,000, a decline of 13.0%[5] - Other income for the period was HKD 4,000, compared to HKD 1,801,000 in the previous year[5] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 262,893,000, while total liabilities were HKD 74,130,000, resulting in a net asset value of HKD 232,427,000[7] - The company reported a decrease in current assets from HKD 169,173,000 to HKD 167,850,000, reflecting a decline of approximately 0.73%[6] - Current liabilities increased from HKD 31,920,000 to HKD 29,793,000, indicating a reduction of about 6.66%[6] - The company’s total equity decreased from HKD 234,059,000 to HKD 232,427,000, representing a decline of about 0.70%[7] - The company’s borrowings due within one year decreased from HKD 40,498,000 to HKD 31,681,000, a reduction of approximately 21.7%[6] - The company’s prepaid expenses and other receivables decreased from HKD 42,035,000 to HKD 38,086,000, reflecting a decline of about 9.5%[6] - The company’s total liabilities increased from HKD 80,301,000 to HKD 74,130,000, indicating a decrease of approximately 7.7%[6] - The company’s total non-current assets increased from HKD 153,584,000 to HKD 148,767,000, a decline of about 3.7%[6] Revenue Breakdown - For the six months ending September 30, 2025, the group's revenue from normal business activities was HKD 67,867,000[12] - For the six months ending September 30, 2024, the group's revenue was HKD 77,087,000, indicating a decrease of approximately 11.8% year-over-year[14] - Equipment rental income for the six months ending September 30, 2025, was HKD 52,422,000, while for the same period in 2024, it was HKD 60,265,000, reflecting a decline of about 13.5%[12][14] - The revenue from machinery and spare parts sales for the six months ending September 30, 2025, was HKD 4,223,000, compared to HKD 3,626,000 in 2024, showing an increase of approximately 16.5%[12][14] - The operational service income for the six months ending September 30, 2025, was HKD 10,673,000, while in 2024, it was HKD 12,434,000, representing a decrease of about 14.2%[12][14] Market Performance - The geographical market revenue from Hong Kong for the six months ending September 30, 2025, was HKD 60,444,000, while in 2024, it was HKD 67,912,000, reflecting a decrease of about 11%[12][14] - The revenue from Macau for the six months ending September 30, 2025, was HKD 1,449,000, compared to HKD 2,591,000 in 2024, indicating a decline of approximately 44%[12][14] - The revenue from Singapore for the six months ending September 30, 2025, was HKD 5,972,000, while in 2024, it was HKD 6,578,000, showing a decrease of about 9.2%[12][14] Profitability and Expenses - The group's consolidated profit before tax for the six months ending September 30, 2025, was HKD 6,011,000, compared to HKD 5,400,000 for the same period in 2024, indicating an increase of approximately 11.3%[15] - The leasing segment's profit was HKD 21,083,000, while the trading segment reported a profit of HKD 582,000 for the six months ending September 30, 2025[15] - The trading segment's performance was impacted by a loss of HKD 598,000 for the six months ending September 30, 2025, compared to a profit in the previous year[15] - The company reported a net loss from foreign exchange of HKD (564) million for the six months ended September 30, 2025, compared to a gain of HKD 248 million in 2024[21] - Total financing costs for the six months ended September 30, 2025, amounted to HKD 971 million, slightly up from HKD 898 million in 2024[22] Dividends - The company declared an interim dividend of HKD 0.23 per share, compared to HKD 0.16 per share in 2024[3] - The company declared a final dividend of HK$0.70 per share for the year ending March 31, 2025, totaling approximately HK$6,048,000, compared to HK$0.60 per share and HK$5,184,000 for the previous year[29] Employee and Operational Metrics - As of September 30, 2025, the group had 121 employees, a decrease from 129 employees as of March 31, 2025, with 110 located in Hong Kong[76] - Total employee costs for the first half of 2026 were approximately HKD 29.9 million, down from approximately HKD 31.8 million in the first half of 2025, primarily due to a reduction in operational employee costs[76] Future Outlook - The company plans to continue its investment in new technologies and market expansion strategies to drive future growth[20] - The company anticipates continued challenges in the market, particularly in the Macau region, which may affect future revenue growth[18] - The company will implement strict cost control measures and enhance profitability by selling underutilized rental equipment in the second half of 2026[44] - The company plans to focus on major projects in Hong Kong and Singapore, including the demand for rental equipment related to the "green concept" solutions and large events in Hong Kong[44]
亚积邦租赁(01496) - 2026 - 中期业绩