Herald Holdings Limited (the “Group”) reported revenue of HK$425 million for the six months ended 30 September 2025, up from HK$392 million in the same period last year. Profit attributable to equity shareholders rose to HK$44.2 million (2024: HK$27.2 million). The increase was largely driven by a one-off post-tax gain of approximately HK$14.9 million from the disposal of two pieces of land with buildings in Shanghai.

Within the Group’s business segments, the Toys Division recorded revenue of HK$278 million, up 22% year-on-year. The Computer Products Division saw a 40% decline in revenue to HK$36 million, while the Timepieces Division achieved a 7% increase to HK$111 million. Net realised and unrealised gains on trading securities amounted to HK$13.0 million (2024: HK$9.9 million). Basic and diluted earnings per share both stood at HK7.32 cents (2024: HK4.50 cents).

The Group’s balance sheet remained solid, with cash and cash equivalents of HK$248 million at the end of September 2025, versus HK$273 million at 31 March 2025. The Board declared an interim dividend of HK3 cents per share (2024: HK3 cents), payable on 15 January 2026 to shareholders on record as of 6 January 2026. Management expressed concerns over ongoing geopolitical tensions and price competition in the Toys and Computer Products Divisions but expects the Timepieces Division to maintain stable performance in the current financial year.