PANGAEA CONNECT (01473) has announced that the group's total value of sales contracts on hand has further increased to approximately $1.15 billion as of July 31, 2026, driven by sustained growth in global artificial intelligence-related demand.

The group supplies a comprehensive portfolio of optoelectronic and semiconductor components, including integrated circuits, lasers, photodiodes (PD), and transimpedance amplifiers (TIA). These components enable electrical-to-optical and optical-to-electrical signal conversion within high-speed optical modules rated at 800G/1.6T/3.2T, which are essential for AI data center applications and optical interconnects.

In addition, the group offers industrial laser and processing solutions tailored for industrial manufacturing sectors, including semiconductor fabrication, printed circuit board (PCB) processing, and solar back-contact (BC) cell production.

Beyond its core offerings, PANGAEA CONNECT has cultivated a new business stream involving high-power industrial laser equipment for high-precision processing of 1.6T/3.2T PCBs. The group has secured new orders from a leading industrial laser equipment manufacturer, with deliveries anticipated before the close of the current fiscal year. This development underscores the group's growing market recognition in the industrial laser application segment.

Continuing the growth momentum from the fiscal year ending March 31, 2026, and bolstered by the substantial sales contracts already secured, the group has achieved robust business expansion, particularly in its 200Gb/s indium phosphide photodiode business. According to a preliminary assessment of the group's latest unaudited consolidated management accounts, key financial metrics for the four months ended July 31, 2026 (April to July 2026) are as follows: revenue reached HK$1.185 billion, marking a 68% year-on-year increase, while profit before tax amounted to HK$48.2 million, representing a substantial 185% year-on-year surge.

The significant growth in revenue and profit before tax during the April to July 2026 period is primarily attributable to the fulfillment of a large volume of the group's PD product sales orders during late July 2026.

The group anticipates that its PD business will continue to serve as a key growth driver, supported by existing outstanding orders and sustained demand from global AI data center customers. Coupled with the expected explosive growth in the newly added industrial laser business segment, PANGAEA CONNECT is well-positioned to broaden its revenue base and enhance its gross margin, thereby achieving sustainable revenue and profit growth in the current fiscal year.