Loco Hong Kong Holdings Limited (LOCO HK) released its unaudited 2026 interim results for the six months ended 30 June 2026.
Revenue and Earnings • Group revenue edged up 1.07% year-on-year to HK$10.28 billion, driven by the core metals trading segment. • Net profit attributable to shareholders advanced 27.02% to HK$22.09 million. • Basic and diluted earnings per share rose to 2.22 HK cents from 1.78 HK cents a year earlier.
Segment Performance • Metals business remained dominant, contributing HK$10.26 billion in revenue (up 1.08%) and HK$27.23 million in segment profit, a 22.0% increase. • Education management services generated HK$15.04 million in revenue, broadly flat year-on-year, with segment profit of HK$11.47 million. • Money-lending services recorded no revenue and a marginal segment loss of HK$0.07 million.
Financial Position • Cash and cash equivalents climbed to HK$123.52 million from HK$64.64 million at 31 December 2025, aided by higher profits and the release of HK$360.39 million in previously pledged time deposits. • Net current assets improved to HK$231.18 million (31 December 2025: HK$202.84 million), with a current ratio of 1.42. • The Group reported no outstanding borrowings; gearing ratio remained at zero. • Total equity attributable to shareholders increased to HK$242.73 million (31 December 2025: HK$217.58 million).
Capital Management • No interim dividend was declared. • Available banking facilities totalled HK$1.25 billion as at 30 June 2026.
Operational Highlights • The Group emphasised risk control in its metals trading activities amid volatile global commodity markets and expanded its customer and supplier network across Mainland China, Hong Kong and Singapore. • Education management services continue to focus on arts, sports and holistic education, serving nine institutions in Chengdu.
Main Board Transfer Application • On 26 June 2026, LOCO HK submitted a formal application to transfer its listing from GEM to the Main Board of the Hong Kong Stock Exchange; the application is under review.
Compliance and Governance • The company reported full compliance with the Hong Kong Corporate Governance Code during the period. • The audit, remuneration, nomination and executive committees continued to discharge their oversight responsibilities, and no material contingent liabilities or post-period events were reported.