Kingmaker Footwear Holdings Limited (Stock Code: 01170) reported its unaudited interim results for the six months ended 30 September 2025. According to the announcement, revenue rose by 6.5% year-on-year to HK$347.1 million, driven by a moderate increase in client orders and contributions from new labels. Gross profit reached HK$13.4 million, up 354.9% compared to the same period last year, while the gross profit margin climbed to 3.9% from 0.9%.
The net loss attributable to equity holders of the Company narrowed by 49.3% to HK$6.6 million. Basic loss per share decreased to HK0.98 cent, compared with HK1.93 cents a year earlier. Management attributed this improvement to efficiency initiatives in factory overheads, streamlined production, and higher contributions from associates. The share of profits from associates increased to HK$16.3 million during the period.
The announcement highlighted a continued challenging operating environment, citing macroeconomic pressures, trade tensions, and inflation concerns in major export regions. Despite these uncertainties, the Group maintained prudent cost controls and stable administrative expenses. As of 30 September 2025, the Company reported healthy cash and cash equivalents of approximately HK$322 million.
Kingmaker Footwear diversified its manufacturing across southern Vietnam and Cambodia, with both facilities supported by research and development resources. Capacity utilization stood at 61.7%, producing approximately 7 million pairs on an annual basis. The rugged-footwear segment remained the primary revenue contributor, while premium casual footwear also grew in proportion.
During the review period, investment properties delivered HK$13.3 million in rental income. The Group declared a special interim dividend of HK2.0 cents per share. No interim dividend was proposed. The announcement indicated that the Board will continue to focus on prudent cash flow management, operational efficiency, and targeted business strategies, given the prolonged market uncertainties. The management also reported share repurchases during the period, which contributed to enhancing value for shareholders.