2025-12-05 08:48Financial Performance - Revenue for the six months ended September 30, 2025, reached $39.28 billion, a 17.5% increase compared to $33.30 billion for the same period in 2024[8]. - Gross profit for the six months ended September 30, 2025, was $5.92 billion, representing a gross margin of 15.1%, up from $5.36 billion and a gross margin of 16.1% in the previous year[8]. - Operating profit for the six months ended September 30, 2025, was $1.43 billion, a 24.7% increase from $1.15 billion in the same period of 2024[8]. - Net profit attributable to equity holders for the six months ended September 30, 2025, was $845.61 million, compared to $601.90 million for the same period in 2024, reflecting a 40.4% increase[8]. - Basic earnings per share for the six months ended September 30, 2025, was 6.89 cents, up from 4.91 cents in the same period of 2024[8]. - The company reported a total comprehensive income of $1,313,815 thousand for the period[14]. - The net profit for the period was $636,771 thousand, reflecting a significant increase compared to previous periods[14]. - The company reported a significant increase in trade payables to $16,132,424 thousand as of September 30, 2025, compared to $11,978,933 thousand as of March 31, 2025, representing a growth of approximately 34.5%[11]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to $49.83 billion, an increase from $44.23 billion as of March 31, 2025[10]. - Total liabilities rose to $42,342,285 thousand as of September 30, 2025, compared to $37,570,895 thousand as of March 31, 2025, indicating an increase of approximately 12.5%[11]. - Total equity increased to $7,488,880 thousand as of September 30, 2025, up from $6,659,917 thousand as of March 31, 2025, representing a growth of approximately 12.4%[11]. - Cash and cash equivalents at the end of the period increased to $5,112,130 thousand from $4,178,915 thousand, marking a rise of 22.3%[13]. - The company reported a net cash outflow from investing activities of $778,878 thousand for the six months ended September 30, 2025, compared to $524,696 thousand for the same period in 2024, indicating a significant increase in investment expenditures[12]. Operational Highlights - The company has established a strategic partnership with MSG family businesses to enhance brand exposure in sports and entertainment sectors[3]. - Lenovo's ThinkSystem SE350 edge server has been deployed to support the operations of Médecins Sans Frontières, improving system performance and data security[5]. - The company plans to continue investing in research and development, with R&D expenses for the six months ended September 30, 2025, totaling $1.10 billion[8]. - The Smart Devices segment generated revenue of $28,566,558 thousand with an operating profit of $2,051,216 thousand, compared to $24,935,700 thousand and $1,818,363 thousand respectively in the previous year[19]. - The Infrastructure Solutions segment reported a revenue of $8,377,292 thousand but incurred an operating loss of $117,555 thousand, compared to a revenue of $6,465,167 thousand and a loss of $73,002 thousand in the prior year[19]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2025, was $2,762,085 thousand, compared to $1,778,086 thousand for the same period in 2024, reflecting a year-over-year increase of 55.3%[12]. - Cash flow from financing activities resulted in a net outflow of $1,649,514 thousand for the six months ended September 30, 2025, compared to an outflow of $674,259 thousand for the same period in 2024, indicating increased financing activities[13]. - The company incurred interest payments of $317,738 thousand during the six months ended September 30, 2025, down from $384,652 thousand in the same period of 2024, showing a decrease of 17.4%[12]. Shareholder and Equity Information - The company declared an interim dividend of 8.5 HKD cents per share, totaling $135,417 thousand for the six months ended September 30, 2025[35]. - The company has a long-term incentive plan that includes both stock options and restricted stock units, aligning executive compensation with shareholder interests[144]. - The total number of shares available for borrowing is 5,829,625,271, reflecting liquidity in the market[158]. - The company has granted stock options to executives, with a total of 79,451,149 shares awarded to Mr. Yang Yuanqing, with a fair value of HKD 23,531,073 for options granted on June 2, 2025[144]. Market and Regional Performance - Revenue from the Asia-Pacific region increased to $7,922,699 thousand, up 30% from $6,095,125 thousand in the previous year[20]. - The Americas region generated revenue of $12,786,743 thousand, reflecting a growth from $11,363,642 thousand in the previous year[20]. - The company aims to enhance its vision around the "Hybrid AI for All" framework, integrating device intelligence and enterprise AI across its business portfolio[137]. - The company plans to continue focusing on developing scalable AI-driven solutions through digital workplace solutions and hybrid cloud initiatives[137]. Compliance and Governance - The company has complied with the corporate governance code during the six months ending September 30, 2025, except for the roles of Chairman and CEO not being separated[170]. - The Audit Committee reviewed the unaudited financial performance for the six months ending September 30, 2025[169]. - John Lawson Thornton has been appointed as the Chief Independent Director with extensive powers and responsibilities[171].