Top Form International Limited (Stock Code: 333) released its annual results for the year ended 30 June 2025. The group reported revenue of HK$1,215.7 million, a 7.6% increase year-on-year, driven mainly by higher sales to customers in the United States and Europe.

Gross profit reached HK$242.0 million, reflecting a gross margin of 19.9%. The group recorded a net loss of HK$28.0 million, compared with a profit after tax of HK$1.5 million in the previous fiscal year. Finance costs rose from HK$19.0 million to HK$21.5 million.

Bank balances and cash stood at HK$90.5 million, while total debt reached HK$99.9 million, resulting in a gearing ratio of 25.9%. Basic and diluted loss per share were HK$(0.108). The board did not recommend a final dividend for FY2025.

Management noted that increased costs associated with subcontracting, delivery, and tariff charges impacted the bottom line. Despite the challenging environment, the group plans to focus on its strategic initiatives and operational efficiencies to support future growth. The group emphasized its commitment to sustainable development and indicated that it remains attentive to global economic uncertainties.