BFB Health Limited released its unaudited interim results for the six months ended 30 June 2026.
Revenue Performance • Group revenue jumped to HK$283.72 million from HK$15.74 million a year earlier, driven by a 2,608.7 % surge in advertising and e-commerce income to HK$280.54 million (98.9 % of total). • Money-lending revenue declined to HK$3.19 million (1.1 % of total), while securities broking generated no income following suspension of operations in September 2023.
Profitability • Gross profit increased to HK$119.70 million (1H-2025: HK$7.64 million); gross margin narrowed to 42.2 % from 48.6 % on higher selling and distribution expenses tied to the e-commerce push. • Profit attributable to shareholders reached HK$9.23 million, reversing a HK$0.83 million loss in the prior period. • Basic and diluted EPS were HK0.8 cent versus a loss of HK0.1 cent. • Segment results: Advertising & e-commerce delivered HK$14.80 million profit; money lending contributed HK$3.49 million; securities broking recorded a HK$0.72 million loss.
Costs and Expenses • Selling and distribution costs rose sharply to HK$88.71 million (1H-2025: HK$0.54 million) due to marketing spend on the “Dyesoo” health-management brand and MCN operations. • Administrative expenses increased 31.0 % to HK$19.67 million. • Fair-value gain on financial assets at FVTPL fell to HK$2.96 million from HK$8.86 million.
Balance Sheet and Liquidity • Total assets stood at HK$598.80 million; net assets improved to HK$231.26 million (31 Dec 2025: HK$222.68 million). • Current ratio remained healthy at 1.53 times with net current assets of HK$187.79 million. • Cash and cash equivalents rose to HK$50.01 million (31 Dec 2025: HK$27.01 million), supported by HK$22.75 million net operating inflow. • Borrowings comprised HK$12.00 million in bonds and HK$10.97 million in other loans; gearing ratio (total liabilities/total assets) was 61.4 %.
Operational Highlights • The Group intensified its focus on digital marketing and MCN services, leveraging the “Dyesoo” health brand across domestic platforms (Taobao, Douyin, JD.com) and overseas channels (TikTok). • Securities brokerage operations remain suspended, and the Group is proceeding with licence surrender to the Securities and Futures Commission. • Money-lending portfolio totalled HK$105.33 million; secured loans accounted for HK$53.60 million, bearing interest rates between 6.0 % and 8.0 % per annum.
Capital Management • No interim dividend was declared. • Proceeds from the 2025 rights issue (HK$39.9 million net) have been fully allocated to bond and payable repayments and working capital. • HK$10.00 million from the 2015 open offer remains earmarked for establishing additional SFO-licensed activities, with utilisation targeted by 31 December 2026.
Outlook Management will prioritise expansion of the high-growth advertising and e-commerce segment while maintaining cautious oversight of the money-lending portfolio and reallocating resources away from non-core securities brokerage operations. No significant post-period events were reported up to the results announcement date.
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