Regina Miracle International (Holdings) Limited (stock code: 2199) reported interim results for the six months ended 30 September 2025. Revenue stood at approximately HK$3.84 billion, a slight year-on-year decrease of 3.4%. Gross profit was around HK$893.89 million, and profit attributable to owners surged to about HK$144.88 million, marking an increase of over 100% compared to the same period last year.
Driven by a rise in sportswear demand, revenue from sports products grew by 13.4%, reflecting resilient customer interest in the sector. In contrast, sales of consumer electronics components fell due to product-iteration cycles at certain brand partners. The intimate wear segment remained the largest contributor, and bra pads and other accessories recorded a moderate decline in line with reduced orders for intimate apparel.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), which excludes restructuring costs, reached HK$672.42 million, supported by overall improvements in efficiency at the Group’s production facilities. Management highlighted safety and stabilizing operations as key priorities, coupled with continued efforts to optimize the production footprint. The recent relocation from Shenzhen to Zhaoqing incurred exceptional costs but is intended to enhance long-term operational efficiency.
The board resolved an interim dividend of HK5.7 cents per share, up from HK2.5 cents per share in the same period last year. In its outlook, the company reiterated a focus on innovation and cost control measures to address market fluctuations and enhance profitability. The Vietnam production base played a key role in meeting global customer needs, while the Zhaoqing facility will continue to support demand in the Chinese market.
As of 30 September 2025, the Group reported a net gearing ratio of 106.5% and maintained solid access to undrawn bank facilities. Management emphasized continued monitoring of macroeconomic developments, noting that strategic focus on core product segments and high-value-added ranges remains central to driving sustainable growth in the coming periods.