GOODBABY INTL reported solid first-half 2026 results, demonstrating resilient top-line growth and a sharp recovery in profitability despite geopolitical and currency headwinds.
Revenue and Margin • Revenue for the six months to 30 June 2026 rose 5.8% year-on-year to HK$4.55 billion (0.2% growth on a constant-currency basis). • Gross profit climbed 19.70% to HK$2.56 billion, lifting gross margin 6.6 percentage points to 56.2%. The increase includes a HK$198.00 million tariff refund from U.S. authorities under the International Emergency Economic Powers Act.
Earnings Performance • Reported operating profit more than doubled to HK$431.10 million, an increase of 113.40%. • Non-GAAP operating profit reached HK$253.90 million, up 12.40%. • Net profit surged 162.30% to HK$276.70 million; non-GAAP net profit advanced 16.80% to HK$145.50 million. • Basic and diluted EPS rose to HK$0.16 (up 166.67%).
Segment and Geographic Trends • Wheeled Goods revenue grew 13.65% to HK$2.04 billion. • Car Seats edged down 0.28% to HK$1.98 billion. • Other Categories gained 2.10% to HK$535.35 million. • By region, EMEIA rose 7.42% to HK$2.15 billion; Americas increased 5.70% to HK$1.47 billion; APAC added 2.44% to HK$924.09 million.
Brand Highlights • CYBEX revenue advanced 10.50% to HK$2.71 billion, driven by product innovation and expanded omni-channel reach. • Evenflo was stable at HK$1.07 billion, maintaining U.S. market share and recording growth in wheeled and home goods. • gb slipped 0.60% to HK$392.60 million as the brand continued its direct-to-consumer transition. • Blue Chip and other business declined 1.10% to HK$374.10 million. Strategic brands contributed 91.8% of total revenue.
Cash Flow and Balance Sheet • Cash, time deposits and other liquid funds stood at HK$1.15 billion (31 December 2025: HK$1.43 billion). • Interest-bearing debt fell to HK$413.95 million from HK$1.16 billion, moving the Group into a net cash position of HK$731.05 million (31 December 2025: HK$277.43 million). • Gearing ratio improved to 22.7% (25.2% including lease liabilities). • Inventory days moderated to 134 from 139; receivable days improved to 37 from 45.
Dividend The Board declared an interim dividend of HK$0.20 per share, payable on or about 28 September 2026 to shareholders on record as of 17 September 2026. No interim dividend was paid in the prior-year period.
Other Matters • No material acquisitions, disposals, or share buy-backs occurred during the period. • The Group held 152.26 million outstanding share options under prior schemes as of 30 June 2026. • The Board confirms full compliance with the Hong Kong Listing Rules’ Corporate Governance Code during the period.