Brightstar Technology Group Co., Ltd (“Brightstar Tech”) released its audited results for the year ended 31 December 2025.
Revenue rose 1.1% year-on-year to HK$165.41 million, driven entirely by the core visual-display-solution segment, which accounted for 99.1% of total turnover. The Group handled 1,195 concert and event shows during the year, up 31.6%, although average revenue per show declined to HK$137,000 from HK$112,000.
Cost of services fell 3.6% to HK$85.05 million, lifting gross profit to HK$80.36 million and expanding the gross margin to 48.6% (2024: 46.1%).
Administrative expenses surged 33.0% to HK$45.45 million, mainly from higher staff and depreciation charges. Together with a HK$3.70 million impairment of trade receivables (2024: HK$3.11 million reversal) and a jump in income-tax expense to HK$4.91 million (2024: HK$1.01 million), profit from continuing operations dropped 39.4% to HK$26.44 million.
After factoring a HK$1.96 million loss from discontinued information-technology consulting and hotel-services operations, net profit attributable to shareholders fell to HK$25.95 million (2024: HK$42.31 million). Basic earnings per share decreased to 2.58 HK cents from 4.80 HK cents. No dividend was proposed.
Balance-sheet metrics improved. Net current assets climbed to HK$172.68 million (2024: HK$5.09 million) and cash and bank balances doubled to HK$36.28 million. The gearing ratio narrowed to 6.0% (2024: 14.1%) following a July 2025 share placement that raised HK$28.30 million net.
By geography, revenue was split among the PRC (HK$69.49 million, 42.0%), Hong Kong (HK$50.28 million, 30.4%), Macau (HK$32.13 million, 19.4%) and other markets (HK$13.52 million, 8.2%). One key customer contributed HK$30.93 million, or 18.7% of group turnover.
Capital expenditure accelerated to HK$122.00 million, primarily for new display equipment, while bank borrowings declined to HK$2.64 million.
Management noted that the disposal of non-core IT consulting and hotel-services units was completed in January 2026, allowing the Group to refocus on live-event visual solutions and to streamline its cost base going forward.