Leeport Holdings Limited released its audited results for the year ended 31 December 2025. The Group recorded revenue of HK$552.89 million, a 1.4% decline from 2024. Gross profit increased 1.8% to HK$141.09 million, lifting the gross margin to 25.5% (2024: 24.7%) on a more favourable product mix.

Operating profit fell 26.0% to HK$31.44 million, mainly due to a sharp contraction in other income and gains to HK$0.99 million (2024: HK$18.67 million) following a year-over-year swing in the fair value of the previously held stake in Prima Industrie S.p.A. Net profit attributable to owners dropped 23.0% to HK$16.10 million, translating into basic earnings per share of HK7.00 cents (2024: HK9.09 cents). The resultant net profit margin stood at 2.9%.

Cost discipline remained tight: selling and distribution expenses declined 15.3% to HK$16.21 million, while administrative expenses eased 2.8% to HK$94.09 million. Net finance costs more than halved to HK$3.54 million, driven by a 46.6% reduction in finance expenses following lower borrowings.

Cash and cash equivalents rose to HK$51.91 million (2024: HK$26.05 million). Short-term borrowings dropped to HK$68.35 million (2024: HK$128.07 million), cutting the net gearing ratio to 3.9% from 21.7% a year earlier. Inventories decreased to HK$58.81 million, reducing days on hand to 52 (2024: 61).

The Board recommends a final dividend of HK3.0 cents per share. Together with the interim dividend of HK3.0 cents and the special dividend of HK10.0 cents already paid, total distribution for FY 2025 remains at HK16.0 cents per share, unchanged from FY 2024. The final dividend is subject to shareholder approval at the AGM scheduled for 15 June 2026, with payment on or before 8 July 2026.

Total assets stood at HK$678.68 million, while total equity attributable to owners was HK$425.60 million. The Group had undrawn banking facilities of approximately HK$98.97 million at year-end, secured by land, buildings and a financial asset valued at HK$71.60 million.

Management reported order intake of HK$1.53 billion in 2025, up 21.4% year on year, supported by demand from new-energy vehicle and smartphone supply chains. Looking ahead, the Group expects to benefit from China’s targeted GDP growth of 4.5%-5.0% in 2026, ongoing investment in advanced manufacturing and the forthcoming 15th Five-Year Plan.