GIORDANO INT'L (00709) Achieves Encouraging Results in Q3 with "Digital-Led" Strategy, Online Revenue Up 16.5%

Stock News
10/23

GIORDANO INT'L (00709) announced that its "Digital-Led" strategic pillar achieved encouraging results in the third quarter, particularly with online revenue increasing by 16.5% (22.8% year-to-date). Despite a 1.4% decline in overall revenue for the third quarter, year-to-date income maintained a modest growth of 0.6%, indicating potential growth momentum. The quarterly performance reflects the group's proactive management of its product portfolio; core business remains stable despite unprecedented adverse weather conditions in the Greater China region. The quarter saw a 0.4% increase in core revenue (2.7% year-to-date). Strong performance in online business and the rapidly growing Gulf Cooperation Council market has led to a significant improvement in gross margins driven by related strategic initiatives. As of September 30, 2025, the group's inventory balance was HKD 612 million (HKD 630 million in 2024). This demonstrates the group's ongoing commitment to enhancing operational efficiency, ensuring alignment between product supply and customer demand strategically, while maintaining rigorous procurement management and financial flexibility to seize emerging trends. These results underscore the group’s commitment to improving profit margins, optimizing inventory, and diversifying channels. With a solid foundation and focused strategic priorities, the group is confident in executing its long-term plans and driving sustained success.

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