Mobicon Group Limited (Mobicon) reported audited results for the financial year ended 31 March 2026.

Financial highlights • Revenue slipped 5.6% year-on-year to HK$271.12 million. • Gross profit rose 2.7% to HK$76.64 million; gross margin improved from 26.2% to 28.3%. • Operating profit reached HK$1.82 million, reversing the prior-year operating loss of HK$6.12 million. • Net loss attributable to shareholders narrowed 53.1% to HK$5.51 million, equal to a basic loss of 2.76 HK cents per share (FY25: 5.88 HK cents). • Finance costs fell 44.0% to HK$1.54 million. • Total operating expenses declined 8.3% to HK$76.47 million.

Dividend The Board proposes a final dividend of HK0.25 cent per share, unchanged year-on-year and payable on 31 August 2026 subject to shareholder approval. Together with the interim dividend of HK0.25 cent, total payout for FY26 is HK$1.00 million (FY25: HK$1.50 million).

Segment performance • Electronic & Electrical Trading: revenue fell 2.1% to HK$189.94 million; gross margin widened to 31.5% (FY25: 29.3%). • Computer Business: revenue declined 9.3% to HK$48.90 million, but gross margin advanced to 23.5% (FY25: 20.2%) amid firmer memory prices. • Cosmetic & Online Retail: revenue contracted 20.0% to HK$32.28 million; gross margin eased to 16.6% (FY25: 19.1%).

Geographical mix Hong Kong and South Africa each contributed 40% of group turnover, at HK$108.07 million and HK$108.73 million respectively. Asia-Pacific (ex-HK) accounted for 15%, Europe 4%, and other markets 1%.

Balance sheet and liquidity • Cash and bank balances stood at HK$29.26 million. • Net current assets totalled HK$111.37 million, reflecting a current ratio of 2.1. • Total borrowings fell to HK$23 million; net gearing improved to 22% (FY25: 25%). • Unused banking facilities amounted to HK$57 million out of HK$80 million available. • Property with a carrying value of HK$8.60 million is pledged for banking facilities.

Operational moves Headcount dropped to 325 from 355, supporting an 11.1% reduction in general and administrative expenses. Finance costs benefited from partial repayment of loans linked to the South African subsidiary.

Outlook Management anticipates cost savings once South African headquarters loans are fully settled, expects a more favorable electronics trading environment as US-China trade restrictions ease, and will prioritise online channels and new product sourcing for the cosmetic business.