MING FAI INT'L (03828) announced that for the nine months ended September 30, 2025, the group's unaudited revenue and gross profit were approximately HK$1.649 billion and HK$368 million, respectively, representing year-on-year declines of 2.3% and 12.4%.

The overall revenue decrease compared to the same period in 2024 was primarily attributed to lower income from the health care and hygiene products segment. This reduction stemmed from operational disruptions caused by clients relocating certain production facilities from China to Cambodia in response to U.S. tariff policies. However, the decline was partially offset by revenue growth in the operating supplies and equipment business during the period.

The group’s gross margin fell by 2.6 percentage points, mainly due to a contraction in the travel supplies segment’s profitability amid persistently rising manufacturing costs over the nine-month period.