Boltek Holdings Posts 21.4% Profit Drop in H1 2026, Announces HK$6 Million Interim Dividend

Bulletin Express
08/20

Boltek Holdings Limited reported revenue of HK$80.69 million for the six months ended 30 June 2026, a 10.3% decrease from HK$89.94 million a year earlier. The decline stemmed from smaller contract values and fewer project awards during the period.

Gross profit fell 15.2% to HK$26.58 million, while gross margin slipped to 32.9% from 34.8%. Administrative expenses edged down 3.5% to HK$15.31 million, reflecting cost-saving measures, and other income increased 117.8% to HK$1.16 million, mainly on higher bank interest and government subsidies.

Net profit attributable to shareholders dropped 21.4% to HK$10.58 million (H1 2025: HK$13.46 million). Basic earnings per share declined to 1.32 HK cents from 1.68 HK cents.

The board declared an interim dividend of HK$0.008125 per share, amounting to HK$6 million, payable on or about 30 September 2026 to shareholders on the register as of 4 September 2026.

Boltek closed the half-year with cash and bank balances of HK$42.70 million (31 Dec 2025: HK$43.00 million) and net current assets of HK$157.56 million. Total equity stood at HK$159.31 million, and the group remained debt-free, resulting in a gearing ratio of zero.

Management stated that it will continue to enhance operational efficiency, broaden its customer base and pursue additional contracts to strengthen market share.

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