Prosperous Industrial (Holdings) Limited reported FY 2025 revenue of US$238.75 million, edging down 2.00% from US$243.61 million a year earlier as sales volumes slipped 2.7% to 22.89 million pieces. Outdoor and sporting bags remained the core driver, contributing 84.6% of total revenue.
Gross profit narrowed 4.3% to US$58.11 million, and gross margin eased to 24.3% from 24.9% amid persistent tariff and cost pressures. Selling and distribution expenses rose 1.8% to US$13.42 million, while administrative costs increased 2.8% to US$18.81 million. Finance costs were stable at US$0.26 million.
Profit before tax declined 10.8% to US$29.57 million, and net profit attributable to shareholders dropped 17.8% to US$24.55 million. Basic and diluted earnings per share decreased to 2.19 US cents from 2.66 US cents in FY 2024.
The board proposed a final dividend of HK8.5 cents per share (US1.09 cents), up 21% year on year and subject to shareholder approval on 17 June 2026. A final dividend of HK7.0 cents was paid for FY 2024.
Prosperous Industrial ended 2025 with cash, cash equivalents and time deposits of US$85.74 million and no interest-bearing bank debt, leaving the gearing ratio at zero. Net assets increased 11.2% to US$190.00 million, supported by a rise in investment properties to US$20.23 million after revaluation gains and asset transfers.
Capital expenditure reached US$7.70 million, mainly for plant and equipment as well as initial work on the Phase 1 Construction of the Glorieux Intelligent Manufacturing Industrial Park in Panyu, Guangdong. Existing buildings on the Panyu land parcel have been pledged to secure RMB193 million in undrawn banking facilities dedicated to the project.
Geographically, the United States remained the largest market with US$66.46 million of sales (27.8% of total). Mainland China grew to US$37.00 million (15.5%). Belgium, the Netherlands, Japan and Italy collectively contributed 34.9%, while other markets accounted for the remaining 22.3%.
The workforce totaled about 7,800 employees at year-end, down from 8,400 a year earlier. Staff costs, including benefits, were US$62.94 million, representing 26.3% of revenue.
Management highlighted ongoing geopolitical uncertainties, tariff pressures and inflation as key headwinds but reiterated commitment to capacity optimisation, efficiency gains and phased development of the Panyu industrial park to support long-term growth.