Core Insights - Raytech Holding Limited reported a net income of HK$4.7 million (US$610,454) for the first half of fiscal year 2026, with a net margin of 12.6%, an improvement from 10.8% in the previous year [2][3] - The company maintained a strong cash position with cash and cash equivalents of HK$121.5 million (US$15.6 million), a 43.2% increase from HK$84.9 million as of March 31, 2025 [2][3] - Revenue for the period was HK$37.6 million (US$4.8 million), reflecting a 13.1% decrease from HK$43.2 million in the prior year, primarily due to tariffs impacting the global trading environment [2][3] Financial Performance - Net income for the first half of fiscal year 2026 was HK$4.7 million (US$610,454) with an improved net margin of 12.6% compared to 10.8% in the prior year [6] - Gross profit margin increased significantly to 26.3%, up from 21.2% in the previous year [6] - Revenue from the hair styling series increased by 35.9% to HK$26.0 million (US$3.3 million) in H1 FY2026, while revenue from the trimmer series decreased to HK$9.1 million (US$1.2 million) [6] Balance Sheet Strength - Cash and cash equivalents rose by 43.2% to HK$121.5 million (US$15.6 million) as of September 30, 2025 [12] - Total current assets increased to HK$145.7 million (US$18.7 million) from HK$94.9 million as of March 31, 2025 [12] - Net current assets strengthened to HK$116.9 million (US$15.0 million) compared to HK$76.9 million as of March 31, 2025 [12] Management Commentary - The CEO highlighted the company's resilience and operational excellence despite challenging global trade conditions, emphasizing the improved profitability metrics and strategic focus on higher-margin products [3] - The company remains committed to expanding its presence in the U.S., UK, Europe, Australia, and regional Asian markets [3] Strategic Outlook - Raytech aims to become a leading product design and development company in the personal care and lifestyle electrical appliances industry in Asia [9] - The company plans to explore new product lines and continue expanding its men's personal care and hair care product lines [9]
Raytech Holding Limited Announces First Half Fiscal Year 2026 Financial Results