Plover Bay Technologies (1523) announced its annual results for the year ended December 31, 2025. Revenue reached US$130.14 million, marking an 11.40% increase over the previous year. Profit attributable to owners rose 19.50% year over year to US$45.47 million.
Diluted earnings per share stood at US4.11 cents, up 19.10% compared to 2024. The Board declared a second interim dividend of HK16.54 cents per share and a special dividend of HK5.65 cents per share, both payable on March 26, 2026, to shareholders of record on March 13, 2026.
The revenue growth came primarily from multiple segments. Mobile First Connectivity posted a 10.40% year-over-year increase to US$73.09 million, and Fixed First Connectivity rose 3.50% to US$17.74 million. Development in software licences advanced 33.60% to US$10.93 million, while warranty and support services grew 12.30% to US$28.39 million.
By geographic breakdown, North America contributed US$76.35 million of total revenue. EMEA grew notably by 27.60% year over year, reaching US$37.08 million. Asia delivered US$11.91 million in revenue, up 36.00%, and other regions recorded US$4.80 million, a 14.00% increase.
Total assets minus current liabilities stood at US$72.56 million as of December 31, 2025, while net assets were US$58.93 million. Following the reporting period, on February 25, 2026, the Company announced a proposal to spin off its wholly owned subsidiary on Nasdaq, subject to approvals. The Company stated that its core business operations outside North America would remain under Plover Bay Technologies.
According to management, the substantial growth in both hardware and recurring income supported earnings momentum during 2025. Looking ahead, the Company will continue to focus on new opportunities across its SD-WAN routers, software licences, and service offerings, with an emphasis on product innovation and global expansion.
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