Plover Bay $(01523)$ reported FY 2025 revenue of USD 130.1 million (+11.4%) and profit attributable to shareholders of USD 45.5 million (+19.5%). Diluted EPS was 4.11 US cents (+19.1%), while gross profit was USD 74.1 million (+15.5%) with a gross margin of 57.0% (from 54.9%). Profit before tax was USD 54.3 million and operating cash flow was USD 52.2 million. By category, FY 2025 revenue included Mobile First Connectivity of USD 73.1 million (+10.4%), Fixed First Connectivity of USD 17.7 million (+3.5%), warranty and support services of USD 28.4 million (+12.3%), and software licences of USD 10.9 million (+33.6%). Recurring sales were USD 37.6 million and represented 28.9% of total revenue (from 27.6%). Geographically, revenue was USD 76.4 million in North America (+2.1%), USD 37.1 million in EMEA (+27.6%), and USD 11.9 million in Asia (+36.0%). Plover Bay declared a FY 2025 second interim dividend of HKD 16.54 cents per share and a special dividend of HKD 5.65 cents per share, expected to be paid on 26 March 2026. Management said it plans to spin off its North American business via a distribution in specie to eligible shareholders, followed by a separate NASDAQ listing, and noted bank borrowings were nil at 31 December 2025 due to a delay of credit facility drawdowns to 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plover Bay Technologies Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260226-12030372), on February 26, 2026, and is solely responsible for the information contained therein.
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