Time Interconnect Technology Limited reported a strong set of interim results for the six months ended 30 June 2026, buoyed by rapid growth in AI-related orders, recent acquisitions and a record capital raise.
Revenue more than doubled to HK$10.07 billion, up 107.4% from a year earlier, while gross profit rose 96.5% to HK$1.26 billion. Adjusted profit for the period advanced 164.2% to HK$830.70 million, lifting the adjusted net margin to 8.3% from 6.5%. Basic earnings per share climbed to HK39.5 cents (1H 2025: HK16.1 cents).
Server revenue surged 68.3% to HK$4.31 billion, supported by hyperscale data-centre demand linked to artificial-intelligence workloads. Cable-assembly sales to data-centre customers increased 22.8% to HK$1.16 billion, while networking-cable revenue jumped 42.7% to HK$620.10 million. Following the December 2025 acquisition of Dejinchang Investment, the newly formed copper-wire segment contributed HK$2.89 billion in first-time revenue.
Group profitability also benefited from stable pass-through pricing for copper and favourable RMB translation. EBITDA expanded 127.8% to HK$1.17 billion, taking the EBITDA margin to 11.6% (1H 2025: 10.6%).
During the half the company completed two share placings, issuing 246.10 million new shares at HK$15.22 and HK$21.00 to raise net proceeds of approximately HK$4.52 billion. As a result, cash and bank balances swelled to HK$4.85 billion (31 December 2025: HK$0.77 billion) and the Group moved into a net-cash position; bank loans fell 23.5% to HK$965.90 million and the gearing ratio dropped to zero from 21.3% at year-end.
Capital expenditure totalled HK$149.30 million, while outstanding capital commitments amounted to HK$68.45 million. Net operating cash outflow reached HK$2.58 billion, offset by HK$6.23 billion net inflow from financing activities.
The board declared an interim dividend of HK6.0 cents per share, payable to shareholders on the register on 16 September 2026, following a final dividend of HK2.4 cents per share for FY 2025 paid earlier in the period.
Post-period, on 31 July 2026 the Group completed the US$12.70 million (HK$98.81 million) purchase of the remaining 51% stake in Time Interconnect Singapore Pte. Ltd., making it a wholly owned subsidiary; Time Singapore’s results will be fully consolidated going forward.
Management highlighted continued investment in capacity expansions in Mainland China and Vietnam, and reiterated that demand from AI-driven data-centre and high-speed connectivity projects remains a key growth catalyst.
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