AP Rentals (1496) Announces Interim Results, Profits Rise with Higher Dividend

Bulletin Express
2025/11/26

AP Rentals Holdings Limited (Stock Code: 1496) has released its unaudited interim results for the six months ended 30 September 2025. Revenue reached HK$72.09 million, down around 10.7% from HK$80.71 million in the same period last year, primarily due to a dip in leasing-related income.

Profit for the period stood at HK$5.06 million, an increase from the HK$4.64 million recorded previously. Total comprehensive income was HK$4.42 million, while basic earnings per share came in at HK0.59 cent compared to HK0.54 cent last year. The company’s gross profit of HK$21.78 million reflected a slight decrease from HK$23.70 million, but the gross margin rose to about 30.2% from 29.4% a year ago, aided by a reduction in depreciation and labor costs.

AP Rentals noted changes in the construction landscape and a reduction in large-scale projects as contributing factors to lower leasing revenues, though it gained from increased disposal of aging equipment. Meanwhile, sales of machinery and parts and other service income both posted improvements, partially offsetting the softer overall revenue performance.

The board declared an interim dividend of HK0.23 cent per share, up from HK0.16 cent previously. This will be payable on Wednesday, 24 December 2025, to shareholders registered on Monday, 15 December 2025.

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