SOFTCARE (02698) Reports 2025 Results: Adjusted Net Profit Reaches Approximately $122 Million, Up 24.4%

SOFTCARE (02698) announced its financial results for 2025. Revenue reached approximately $567 million, representing a year-on-year increase of 24.9%. Gross profit grew by 27.1% to $203.5 million, while net profit was approximately $121 million, up 27.4% compared to the previous year. The adjusted net profit was about $122 million, an increase of 24.4%. Earnings per share stood at 23 cents, and a final dividend of 8.88 cents per share was declared.

The revenue growth was primarily driven by a synergistic increase in both sales volume and average selling price. In terms of volume, the group benefited from continuous population growth in emerging markets, alongside rising urbanization rates and health awareness, which collectively improved the penetration rate of hygiene products. Capitalizing on this trend, the group further deepened its sales channels through wholesalers and distributors, maintaining a leading position in its core markets and achieving steady sales growth. Concurrently, the group strategically established production facilities in several African countries, exporting products to neighboring nations and actively expanding into the Latin American market, which further contributed to volume growth.

Regarding the average selling price, prices across various product categories rose between 4% and 7%. This was mainly attributable to the strengthening of local currencies against the US dollar in most of the group's operating regions during the second half of 2025, coupled with the group's multi-dimensional and adaptive pricing strategy. This strategy is informed by its diverse product portfolio, local purchasing power, and competitive dynamics in each market.

The gross profit margin improved from 35.2% in 2024 to 35.9% in 2025. This enhancement was primarily due to two factors: (i) the strengthening of local currencies against the US dollar in the latter half of 2025, which led to increases in both average selling prices and unit costs, with the net effect driving margin expansion; and (ii) the combined impact of the group's efforts to deepen penetration in emerging markets, upgrade existing products, and optimize its product mix.