EPRINT GROUP posts narrower FY26 loss of HK$2.69 million on 6.2% revenue dip; dividend skipped

EPRINT GROUP Limited (01884) reported a loss attributable to shareholders of HK$2.69 million for the financial year ended 31 March 2026, markedly reduced from the HK$6.13 million loss booked a year earlier. An improved operating result—swinging from a HK$4.54 million loss to a HK$1.42 million profit—offset softer top-line momentum, but the Board has again proposed no final dividend.

Revenue slipped 6.2% year on year to HK$274.33 million (FY25: HK$292.59 million), reflecting lower volumes across its core printing franchises and yacht-financing arm: • Paper printing contributed HK$184.80 million, down 6.5%. • Banner printing delivered HK$85.39 million, off 5.4%. • Yacht financing interest income fell 11.4% to HK$4.14 million.

Gross profit retreated 11.1% to HK$101.52 million, squeezing gross margin to 37.0% from 39.0% as reduced scale offset stable input costs. Selling & distribution expenses contracted 17.3% to HK$26.97 million, while administrative costs dropped 20.7% to HK$71.94 million on lower staff and outsourced-service spending. A HK$2.79 million provision for financial-asset impairment and a HK$0.73 million goodwill write-down weighed on the bottom line.

Net finance costs improved to HK$1.72 million (FY25: HK$1.90 million) on reduced borrowings and lower interest expenses. Year-end bank loans stood at HK$69.04 million, down HK$2.09 million, trimming the gearing ratio to 33.1% (FY25: 40.8%).

Liquidity remained solid: cash and cash equivalents totalled HK$100.78 million (FY25: HK$103.06 million), underpinning a current ratio of 1.2. Capital expenditure normalised to HK$7.68 million from the prior year’s HK$49.76 million, which had included property purchases.

Post year-end, the group signed a two-year machinery lease with Canon that will add an estimated HK$3.36 million right-of-use asset, classified as a discloseable transaction under the Listing Rules.

Looking ahead, management plans to bolster operational efficiency, upgrade production technology and leverage its owned premises to sustain competitiveness amid a challenging macro backdrop.