Financial Performance - The company reported a loss attributable to owners of the company from continuing operations of HKD 0.4 million for the six months ended September 30, 2025, compared to a profit of HKD 3.0 million in the same period last year[7]. - Total revenue from continuing operations was HKD 148.0 million, an increase of 29.3% from HKD 114.5 million in the previous year[7]. - The company recorded a loss before tax of HKD 402,000, down from a profit of HKD 2,959,000 in the prior year, reflecting a challenging financial environment[55]. - The operating loss for the period was HKD 80,000, compared to an operating profit of HKD 3,367,000 in the previous year, indicating a significant decline in operational performance[55]. - The group reported a basic loss per share of HKD 0.79 for the six months ended September 30, 2025, compared to a profit of HKD 5.80 per share for the same period in 2024[88]. Revenue Breakdown - Revenue from travel-related product sales decreased by 21.6% to HKD 23.9 million, while revenue from tour sales increased by 47.7% to HKD 124.1 million[5]. - Revenue from travel-related services was HKD 23,877,000 for the six months ended September 30, 2025, compared to HKD 30,454,000 in 2024, indicating a decline of 21.7%[75]. - Revenue from travel package sales increased to HKD 124,149,000 in 2025 from HKD 84,036,000 in 2024, reflecting a significant growth of 47.7%[75]. - Total revenue, including other income, for the six months ended September 30, 2025, was HKD 151,929,000, representing a 25.7% increase from HKD 120,837,000 in 2024[67]. Expenses and Costs - Sales and distribution costs increased by 11.9% to approximately HKD 28.2 million, compared to HKD 25.2 million in the previous year, primarily due to the opening of two new retail locations[17]. - Administrative and other operating expenses rose by 9.9% to approximately HKD 18.8 million, up from HKD 17.1 million, mainly due to increased personnel costs for logistics support[18]. - Employee costs, including director remuneration, increased to HKD 28,725,000 in the first half of 2025, up from HKD 25,642,000 in the same period of 2024, indicating an increase of approximately 8%[80]. Cash Flow and Assets - Operating cash inflow for the period was approximately HKD 53.4 million, compared to HKD 36.3 million for the same period last year[20]. - The company reported a net increase in cash and cash equivalents of HKD 45,393,000 for the six months ended September 30, 2025, compared to HKD 20,468,000 in 2024[61]. - Current assets increased significantly to HKD 178,742,000 from HKD 141,787,000, driven by a rise in cash and cash equivalents to HKD 135,878,000[58]. - The group’s cash and cash equivalents amounted to HKD 135,878,000, an increase from HKD 90,654,000 as of March 31, 2025[92]. Strategic Initiatives - The company plans to expand its offerings by developing cruise, cultural, sports, and study tour products to diversify revenue sources[8]. - A new brand "Respect Travel" was launched to target the growing demand for affordable travel packages to mainland China[8]. - The company aims to maintain a sustainable long-term return for shareholders despite facing external challenges such as market competition and adverse weather conditions[9]. - The group plans to continue investing in high-margin products such as cruises and customized travel packages to offset the decline in overall travel product sales[14]. Compliance and Governance - The company has complied with all corporate governance codes as per the Hong Kong Stock Exchange listing rules during the reporting period[33]. - The board of directors has confirmed compliance with the standard code of conduct for securities trading during the reporting period[35]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[32]. Market Outlook - The group anticipates continued growth in travel demand despite global economic challenges and geopolitical tensions, maintaining a cautiously optimistic outlook[28]. - The company will continue to explore development opportunities to broaden its revenue sources and business scope[29].
专业旅运(01235) - 2026 - 中期财报