MODERN DENTAL (03600) announced that for the nine months ended September 30, 2025, the Group achieved record-high revenue, supported by the ongoing digitalization trend in the dental industry, its multi-dimensional strategy, and improved operational efficiency and productivity. Despite macroeconomic challenges, weak demand for dental procedures, and trade war uncertainties, the Group leveraged its international production facilities in Thailand, Vietnam, and mainland China to navigate the unprecedented global trade environment.
The continued digitalization trend in the dental prosthetics sector has driven industry consolidation, allowing the Group to further expand its market share. Its digital transformation initiatives have enhanced customer and patient experiences while differentiating it from competitors. The Group maintains a solid foundation and remains committed to seizing future opportunities.
Total revenue for the nine months ended September 30, 2025, reached approximately HK$2.752 billion, a 9.2% increase compared to the same period in 2024 (HK$2.522 billion). Sales at its North American laboratory business, MicroDental, declined due to weak demand for elective cosmetic dental treatments and a sluggish U.S. economy. However, this was offset by increased sales of digitally enhanced products manufactured overseas in mainland China and Vietnam.
In mainland China, the market faced challenges from volume-based procurement policies and intense price competition, prompting clinics to promote dental implant treatments in Hong Kong (where patient visits declined noticeably). The Group aims to shift focus from low-margin markets to serving mid-to-high-value clients to ensure long-term profitability.
Revenue growth in Australia reflected strong demand for new digital products driven by industry digitalization. Additional revenue growth came from the acquisition of Hexa Ceram in January 2025, which expanded the Group’s customer base in Thailand.
Total sales volume rose 29.5% to approximately 2.115 million units (compared to 1.633 million units in the same period in 2024). Excluding Hexa Ceram’s contribution of 456,000 units, sales volume increased 1.6% to 1.659 million units.
Digital solution cases produced in mainland China, Thailand, and Vietnam grew 24.4% to 698,000 units (compared to 561,000 units in 2024), driven by increased adoption of intraoral scanners.
The average selling price of dental prosthetics declined 14.9% to HK$1,227 per unit (compared to HK$1,442 in 2024), primarily due to the Hexa Ceram acquisition. Excluding Hexa Ceram, the average selling price remained stable at HK$1,474 per unit (compared to HK$1,442 in 2024).
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