PAX Global FY2025 operating profit rises 7% to HKD 915.79 million, net profit margin widens 1 pp to 12.9%

Reuters03-19
PAX Global FY2025 operating profit rises 7% to HKD 915.79 million, net profit margin widens 1 pp to 12.9%
  • PAX published a results announcement for the year ended Dec. 31, 2025, reporting revenue of HKD 5.87 billion and profit attributable to owners of HKD 753.59 million.
  • Operating profit rose 7% to HKD 915.79 million, while basic earnings per share increased 6.3% to HKD 0.711.
  • Gross profit fell 10.3% to HKD 2.56 billion, and gross margin declined to 43.6%; management attributed the margin decline primarily to a one-off increase in provision for obsolete inventories and direct write-offs of obsolete inventories.
  • By region, USCA revenue rose 24.3% to HKD 1.11 billion, while LACIS revenue fell 20.2% to HKD 1.51 billion amid macroeconomic volatility and intensified competition that slowed project execution.
  • The board resolved not to recommend a final dividend, and management said it implemented product mix optimization, selective pricing adjustments and flexible sourcing strategies in response to rising memory-chip costs that it expects to continue into 2026.


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