Time Interconnect Technology Limited reported a sharp earnings acceleration for the six months ended 30 June 2026, underscored by surging AI-related orders and recent acquisitions.
Revenue more than doubled to HK$10.07 billion, up 107.40 % from HK$4.85 billion a year earlier. Growth was driven primarily by: • Server revenue up 68.30 % to HK$4.31 billion, reflecting heightened demand from AI-centric data-centre deployments. • Cable-assembly sales to data-centre clients rising 22.80 % to HK$1.16 billion. • First-time consolidation of the newly acquired DJC Group, contributing HK$2.89 billion from copper-wire products.
Gross profit rose 96.50 % to HK$1.26 billion, while the gross margin eased to 12.6 % (H1 2025: 13.2 %) as lower-margin copper-wire revenue expanded the sales mix. Operating profit climbed 111.80 % to HK$874.30 million, lifting the operating margin to 8.7 %.
Net profit attributable to shareholders surged 163.90 % year on year to HK$827.59 million, translating into basic earnings per share of HK39.49 cents (H1 2025: HK16.10 cents). On an adjusted basis—excluding HK$2.89 million of acquisition-related costs—profit reached HK$830.70 million and margin improved to 8.3 %.
The board declared an interim dividend of HK$0.06 per share, payable on or before 8 October 2026 to shareholders on record as of 16 September 2026.
Healthy cash inflows and two equity placings in February and May 2026, which raised a combined HK$4.52 billion, lifted cash and bank balances to HK$4.85 billion at end-June (31 December 2025: HK$0.77 billion). Net cash stood positive, versus a 21.3 % gearing ratio six months earlier.
Segment analysis showed: • Cable assembly revenue rose 20.90 % to HK$2.08 billion, with medical equipment up 19.00 % and automotive up 59.50 %. • Digital-cable sales advanced 37.20 % to HK$782.90 million. • Copper-wire operations, consolidated following the DJC acquisition, delivered HK$2.89 billion.
Geographically, Mainland China remained the largest market at HK$4.57 billion, followed by the Americas at HK$2.10 billion and non-Mainland Asian markets at HK$3.25 billion.
The company completed the acquisition of the remaining 51 % stake in Time Interconnect Singapore Pte. Ltd.—owner of Europe-focused Leoni LCS—on 31 July 2026, bringing these entities fully into group consolidation. Management expects expanded global reach, vertical integration benefits and enhanced product breadth from this and the earlier DJC transaction.
Capital expenditure reached HK$149.30 million during the period, funded by internal resources and placing proceeds. Commitments outstanding total HK$68.40 million.
With robust demand from AI-driven data-centre and high-speed connectivity markets, enhanced geographical diversification and strengthened liquidity, Time Interconnect enters the second half of 2026 positioned for continued growth.
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