Sitoy Group (Stock Code: 1023) Releases 2025 Annual Results

Bulletin Express
10/24

According to the 2025 Annual Report published by Sitoy Group (Stock Code: 1023), the Group recorded revenue of HK$1,584.2 million for the year ended 30 June 2025, representing a year-on-year decrease of 1.4%. Gross profit reached HK$516.1 million, while the Group posted a net loss of HK$178.1 million for the reporting period. Basic loss per share stood at HK18.50 cents.

The Board proposed a special dividend of HK4 cents per share. Together with the interim dividend of HK2 cents per share, total dividends for the year amount to HK6 cents per share.

Segment-wise, the retail business recorded a revenue increase of 24.1% to HK$655.0 million. However, due to a one-off loss related to the termination of the Cole Haan business, the retail segment showed a loss before tax of HK$62.3 million. The manufacturing segment posted revenue of HK$918.1 million, with a segment loss before tax of HK$3.8 million, mainly attributed to lower customer orders under global economic uncertainties. Meanwhile, property investment revenue was HK$11.2 million, though the segment recorded a loss before tax of HK$101.8 million largely driven by fair value decreases in prime office building prices.

Management emphasized ongoing expansion in the retail sector—including e-commerce and livestreaming facilities—while continuing to strengthen core manufacturing operations and production flexibility. Sitoy Group also cited its belief in the medium-to-long-term viability of Hong Kong’s property market despite short-term challenges, projecting stable rental returns from its investment properties.

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