Best Pacific (02111) reported interim revenue of HK 2.63 billion for the six months ended 30 June 2026, up 12.7% year on year, driven mainly by a 22.9% surge in sportswear and apparel fabric sales to HK 1.51 billion.

Gross profit increased 14.8% to HK 712.40 million, lifting the margin to 27.1% (1H25: 26.6%). Net profit slipped 3.8% to HK 260.43 million, with net margin narrowing to 9.9% from 11.6%, as a HK 37.34 million foreign-exchange loss linked to RMB appreciation offset operating gains. Profit attributable to shareholders fell 3.2% to HK 252.19 million; basic EPS declined to HK 0.2425.

Segment performance: • Sportswear & apparel fabric: HK 1.51 billion (+22.9%) • Lingerie fabric: HK 514.22 million (-10.8%) • Elastic webbing: HK 575.99 million (+15.1%) • Lace: HK 23.37 million (+5.8%)

Operating costs rose with selling & distribution expenses reaching HK 130.29 million (5.0% of revenue) and administrative expenses HK 187.00 million (7.1%). Finance costs fell 20.2% to HK 33.36 million on lower interest rates.

Net cash generated from operations amounted to HK 307.30 million, while capex—largely for the new Nghe An facility in Vietnam—totaled HK 230.10 million. Cash and bank balances stood at HK 1.30 billion against total borrowings of HK 1.66 billion, leaving net gearing virtually unchanged at 6.3% (31 Dec 2025: 6.4%).

The board declared an interim dividend of HK 12.1 cents per share (1H25: HK 12.5 cents), payable on 9 October 2026 to shareholders on record as of 22 September 2026.

Management highlighted sustained demand in athleisure fabrics and reiterated progress on the Nghe An expansion, scheduled for phase-one start-up in 1Q27, while noting ongoing cost and currency headwinds from geopolitical tensions and RMB movements.