Financial Performance - For the six months ended September 30, 2025, the company reported revenue of approximately HKD 391.3 million, an increase of 8.1% from HKD 362.1 million for the same period in 2024[4]. - Gross profit for the same period was approximately HKD 69.0 million, a decrease of 2.5% from HKD 70.7 million in the previous year[4]. - The company recorded a net profit attributable to shareholders of approximately HKD 26.0 million, compared to a net loss of HKD 1.2 million in the prior year[4]. - Adjusted profit attributable to shareholders, excluding fair value changes, was approximately HKD 6.3 million, down from HKD 9.7 million in the previous year[4]. - Total revenue for the six months ended September 30, 2025, was HKD 391,294,000, representing an increase of 8.1% from HKD 362,101,000 in 2024[19]. - The company reported basic and diluted earnings per share of HKD 2.59, compared to a loss per share of HKD 0.12 in the previous year[6]. - The company reported a pre-tax profit of HKD 26,760,000 for the six months ended September 30, 2025, compared to HKD 1,411,000 for the same period in 2024[29]. - Profit attributable to owners of the company was approximately HKD 26.0 million in the first half of FY2026, a turnaround from a loss of about HKD 1.2 million in the first half of FY2025[55]. Revenue Breakdown - Revenue from network security products was HKD 154,791,000, slightly up from HKD 153,498,000 in 2024, while revenue from network security services increased to HKD 236,503,000 from HKD 208,603,000[19]. - The revenue from the Hong Kong market increased to HKD 366,266,000, up from HKD 330,042,000 in the previous year, reflecting a growth of 10.9%[27]. - The segment performance for digital assets was HKD 20,926,000, while cybersecurity product and service businesses generated HKD 236,503,000, contributing to a total segment performance of HKD 83,064,000[24]. Cash Flow and Assets - Operating cash flow for the six months ended September 30, 2025, was HKD 6,351,000, a decrease from HKD 35,818,000 in the previous year[12]. - The company’s cash and cash equivalents at the end of the period were HKD 82,540,000, down from HKD 47,456,000 a year earlier[12]. - The company incurred a net cash outflow of HKD 7,236,000 from financing activities, compared to HKD 43,159,000 in the previous year[12]. - Total assets as of September 30, 2025, were approximately HKD 638.99 million, compared to HKD 599.51 million as of March 31, 2025[7]. - Current liabilities were approximately HKD 479.28 million, slightly increased from HKD 475.47 million in the previous period[8]. - The company’s total equity as of September 30, 2025, was HKD 212,418,000, up from HKD 186,512,000 at the beginning of the period[10]. Expenses and Profitability - The company reported a decrease in administrative and other expenses to HKD 38,682,000 for the six months ended September 30, 2025, from HKD 35,498,000 in the previous year[24]. - Distribution and selling expenses decreased by approximately 9.4% from HKD 20.4 million in the first half of FY2025 to about HKD 18.5 million in the first half of FY2026[53]. - Administrative and other expenses increased by approximately 6.1% from HKD 36.5 million in the first half of FY2025 to about HKD 38.7 million in the first half of FY2026[54]. - Other income and losses netted approximately HKD 19.7 million in the first half of FY2026, compared to a loss of about HKD 10.9 million in the first half of FY2025[52]. Share and Incentive Plans - The total number of shares available for grant under the share incentive plan is capped at 10% of the total issued shares, amounting to 101,225,700 shares[72]. - A total of 8,320,000 shares were granted under the original share incentive plan prior to the first half of fiscal year 2026[75]. - No shares were granted, allocated, issued, vested, cancelled, or lapsed under the share incentive plan during the first half of fiscal year 2026[76]. - The share incentive plan aims to recognize contributions from eligible participants and attract suitable individuals for the company's growth[71]. - The stock option plan allows eligible participants to be granted options to purchase shares as an incentive for their contributions to the group[78]. - The total number of stock options granted under all share plans during the first half of the fiscal year 2026 was zero, indicating no new options were issued[84]. Corporate Governance - The audit committee consists of three independent non-executive directors who reviewed the financial statements for the first half of the fiscal year 2026[6]. - The company has adhered to corporate governance practices, except for a deviation regarding the separation of roles between the Chairman and CEO[9]. - There are no interests held by directors or controlling shareholders that compete directly or indirectly with the company's business[10].
安领国际(01410) - 2026 - 中期财报