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Cre8 Enterprise Limited Announces Its First Half 2025 Unaudited Financial Results
Globenewswire· 2025-12-01 21:15
Core Viewpoint - Cre8 Enterprise Limited reported a modest revenue increase and a significant rise in net income for the six months ended June 30, 2025, driven by growth in integrated IPO financial printing services and reduced operating expenses [2][7]. Financial Performance - Revenue increased by approximately 1.4% from HK$58.0 million for the six months ended June 30, 2024, to HK$58.8 million (US$7.5 million) for the same period in 2025 [2]. - Net income rose by approximately 63.7% from HK$4.9 million for the six months ended June 30, 2024, to HK$8.0 million (US$1.0 million) for the six months ended June 30, 2025 [7]. - Gross profit slightly decreased by approximately 2.6% from HK$28.3 million for the six months ended June 30, 2024, to HK$27.6 million (US$3.5 million) for the same period in 2025 [3]. Revenue Breakdown - Revenue from integrated IPO financial printing services increased by approximately HK$7.6 million, or 45.1%, from HK$17.0 million for the six months ended June 30, 2024, to HK$24.6 million (US$3.1 million) for the six months ended June 30, 2025 [2]. - Revenue from non-IPO financial printing services decreased by approximately HK$6.9 million, or 16.7%, from HK$41.0 million for the six months ended June 30, 2024, to HK$34.1 million (US$4.4 million) for the same period in 2025 [2]. Expense Management - Selling and marketing expenses decreased by approximately HK$3.2 million, or 29.7%, from HK$11.0 million for the six months ended June 30, 2024, to HK$7.7 million (approximately US$1.0 million) for the six months ended June 30, 2025 [4]. - General and administrative expenses decreased by approximately HK$0.9 million, or 8.1%, from HK$11.3 million for the six months ended June 30, 2024, to HK$10.4 million (US$1.3 million) for the same period in 2025 [5]. Tax and Earnings Per Share - Income tax expense increased from approximately HK$1.2 million for the six months ended June 30, 2024, to approximately HK$1.6 million (US$0.2 million) for the six months ended June 30, 2025 [6]. - Basic and diluted earnings per share were approximately HK$0.36 (US$0.05) for the six months ended June 30, 2025, compared to HK$0.22 for the same period in 2024 [8]. Cash Flow and Capital Resources - As of June 30, 2025, cash and cash equivalents were approximately HK$11.3 million (US$1.4 million), down from HK$13.8 million as of December 31, 2024 [9]. - Net cash generated from operating activities for the six months ended June 30, 2025, was approximately HK$0.9 million (US$0.1 million) [10]. - Cash used in investing activities was approximately HK$0.7 million (US$0.1 million) for the purchase of property and equipment [11]. Recent Developments - The company was listed on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol "CRE" [13]. - The initial public offering generated total gross proceeds of $6.67 million, including proceeds from the over-allotment option [13]. Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to compliance document submissions [14].