Peiport Holdings Turns to Profit in 2025, Declares HK5.40 Cents Total Dividend

Bulletin Express03-26

Peiport Holdings Ltd. released its audited results for the year ended 31 December 2025, reporting a profit attributable to owners of HK$3.38 million, reversing the HK$3.46 million loss recorded in 2024. Basic earnings per share rose to HK0.84 cents from a loss per share of HK0.87 cents.

Revenue slipped 1.8% year-on-year to HK$253.08 million. Gross profit fell 23.4% to HK$58.97 million, and gross margin contracted to 23.3% from 29.8% due to higher costs and a HK$12.83 million provision for inventory obsolescence. A HK$15.36 million net reversal of impairment losses on financial assets and a HK$5.73 million foreign-exchange gain lifted other income and gains to HK$12.54 million, up 52.4%.

Segment performance: • General aviation products and services generated HK$175.31 million, up 36.0%, contributing 69.2% of total revenue. • Thermal imaging products and services declined 30.6% to HK$48.48 million, representing 19.2% of revenue. • Self-stabilised imaging products and services fell 48.0% to HK$29.29 million, accounting for 11.6% of revenue.

Geographically, mainland China customers provided HK$213.46 million, or 84.3% of group revenue, while Hong Kong and Macau contributed HK$33.89 million and overseas markets HK$5.74 million.

Total operating expenses decreased 5.7% to HK$71.74 million. Income tax expense rose to HK$10.19 million, reflecting higher taxable profits.

Cash and cash equivalents stood at HK$197.86 million (31 December 2024: HK$252.46 million); time deposits with maturities over three months amounted to HK$39.00 million. Net current assets were HK$252.49 million, and the group remained debt-free with no pledged assets. Total equity was HK$264.98 million.

The Board recommends a final dividend of HK1.35 cents and a special dividend of HK4.05 cents per share, bringing the full-year payout to HK5.40 cents, subject to approval at the 12 June 2026 AGM.

Management notes ongoing geopolitical uncertainties but highlights solid demand for general aviation products and plans to integrate artificial-intelligence applications while maintaining disciplined financial management.

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