Sun Hing Printing Holdings released its FY25/26 interim results (six months ended 31 December 2025), highlighting solid topline expansion and margin resilience despite a challenging operating backdrop. Key metrics are as follows:

Revenue and Earnings • Revenue climbed 22.2% year on year to HK$132.55 million, driven by increased customer demand for packaging and paper gift-set printing linked to new product launches. • Gross profit rose 25.4% to HK$41.26 million, with gross margin holding steady at 31.1% (1H FY24/25: 30.3%). • Net profit surged 118.6% to HK$6.09 million, lifting net margin to 4.6% from 2.6% a year earlier. • Basic EPS advanced to HK1.27 cents (1H FY24/25: HK0.58 cents).

Segment Performance • Packaging printing revenue leapt 43.4% to HK$58.60 million, representing 44.2% of group turnover. • Paper gift-set printing grew 7.4% to HK$61.50 million (46.4% of revenue). • Card printing more than doubled to HK$6.20 million, while smart package printing eased 5.9% to HK$4.90 million amid softer marketing budgets. • Other printing contracted 36.4% to HK$1.40 million.

Financial Position • Cash and cash equivalents stood at HK$252.09 million; total net current assets were HK$271.49 million, equating to a current ratio of 5.7 times. • The group remained debt-free, with no interest-bearing bank borrowings at period-end. • Net assets were HK$361.06 million (30 June 2025: HK$371.43 million), reflecting payment of FY24/25 final and special dividends. • Capital expenditure during the period totalled HK$1.60 million, focused on automation, equipment upgrades and leasehold improvements.

Cash Returns • The board declared an interim dividend of HK1.28 cents per share (1H FY24/25: HK1.00 cent), payable on 27 March 2026 to shareholders on record as of 13 March 2026.

Operational Highlights & Strategy • Completed investment in ESG Print Limited to capture rising demand for sustainable print solutions. • Continued planning for a manufacturing hub in Indonesia to bolster cost competitiveness and supply-chain resilience; a construction agreement worth approximately HK$33.31 million was signed on 13 February 2026. • Maintained strict cost control and procurement optimisation to support margins amid subdued industry demand and inflationary pressures.

Outlook Management anticipates a complex operating environment in 2H FY25/26 due to geopolitical tensions and inflation. Strategic priorities include further automation investment, expansion of smart packaging and sustainable offerings, advancement of the Indonesia plant, and disciplined cost management to sustain growth and profitability.