Yoho Group Holdings Ltd. announced its annual financial results for the year ended 31 March 2025. The Group reported a year-on-year decline in Gross Merchandise Value $(GMV.AU)$ and revenue, which stood at approximately HK$848.1 million and HK$753.8 million, respectively, for FY24/25. Despite the decrease in GMV and revenue, the company achieved a significant improvement in gross margin to 15.7%. This improvement is attributed to a strategic shift towards higher-margin product lines and the phasing out of lean-margin items. The Group's adjusted net profit was relatively stable at approximately HK$21.6 million, despite the near-term challenges in the retail environment. This stability was supported by strategic investments, including the development of the YOHO App and enhancements to the 3P system, aimed at reinforcing the Group's long-term ecosystem and competitive position. The Group maintained a strong financial position with ample cash reserves and a healthy balance sheet, allowing it to continue capital returns without compromising operational or strategic flexibility. Despite macroeconomic headwinds and evolving consumer behaviors, the Group remains committed to focusing on profitability and long-term resilience.
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