Giordano International Reports 1.6% Revenue Growth and HK$179 Million Operating Profit for First Half of 2025

Reuters
Sep 26
Giordano International Reports 1.6% Revenue Growth and HK$179 Million Operating Profit for First Half of 2025

Giordano International Ltd. reported its unaudited interim results for the six months ended June 30, 2025. The company recorded revenue of HK$1,934 million, representing a 1.6% increase compared to HK$1,903 million in the same period last year. Profit attributable to shareholders rose slightly to HK$121 million from HK$120 million, up 0.8% year-on-year. Operating profit for the period was HK$179 million, a decrease of 11.4% compared to HK$202 million in the first half of 2024. EBITDA declined by 7.4% to HK$423 million from HK$457 million. Basic and diluted earnings per share were both 7.5 HK cents, compared to 7.4 HK cents in the previous year, reflecting a 1.4% increase. The interim dividend per share was 7.5 HK cents, down from 8.0 HK cents last year. The company reported that store sales for its core business grew by 1.1%. The operating margin was 9.3%. Excluding the impact from Non-Giordano Brands in Indonesia, operating profit for core Giordano brands was HK$185 million with an operating margin of 10.2%. Inventory turnover on costs improved to 108 days from 119 days. Giordano stated that its "Beyond Boundaries" 5-year strategic plan continues to guide its focus on delivering the right product and enhancing brand engagement. The company is taking targeted measures to address headwinds in its Non-Giordano Brand segment in Indonesia, aiming to manage challenges in that market.

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