World-Link Logistics posts FY2025 revenue growth but profit slips; distribution segment accelerates

Bulletin Express03-26

World-Link Logistics (Asia) Holding Limited reported FY2025 revenue of HK$367.45 million, up 4.6% year on year, driven by a 9.4% increase in full-service distribution sales to HK$218.19 million. Supply-chain management service income edged down 1.7% to HK$149.26 million.

Profit attributable to shareholders fell 5.5% to HK$17.93 million, with basic and diluted EPS declining to 3.57 HK cents from 3.78 HK cents. Profit from operations eased 8.9% to HK$22.68 million, while net margin narrowed to 4.9% from 5.4%.

Segment performance diverged: • Supply-chain management profit slipped to HK$18.94 million (2024: HK$23.00 million). • Full-service distribution profit jumped to HK$2.11 million (2024: HK$0.44 million), reflecting portfolio expansion and stronger e-commerce contribution.

Key cost items moved as follows: • Cost of products sold rose 8.2% to HK$185.08 million. • Employee benefits expenses were broadly stable at HK$66.06 million. • Depreciation of property, plant and equipment and right-of-use assets decreased 3.2% to HK$42.87 million.

The group remained debt-free at year-end, retiring the HK$1.00 million bank borrowing recorded a year earlier. Cash and cash equivalents increased to HK$63.99 million from HK$48.90 million, supporting a stronger net current asset position of HK$80.72 million (2024: HK$54.65 million). Gearing stood at nil.

Total dividend for the year amounts to 3.75 HK cents per share (2024: 5.00 HK cents), comprising a paid interim dividend of 1.0 HK cent, a paid special dividend of 1.5 HK cents, and a proposed final dividend of 1.25 HK cents.

Net assets rose to HK$108.78 million from HK$106.75 million, while the largest customer’s contribution was 10.3% of group revenue, continuing the company’s diversification trend.

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