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Viva Goods Company (933) investor relations material
Viva Goods Company H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the six months ended 30 June 2025 was HK$4,810.5 million, down 5.7% year-over-year, mainly due to declines in the multi-brand apparel and footwear segment, especially Clarks and Bossini.
Net profit attributable to equity holders rose 60.9% to HK$181.5 million, driven by enhanced cost control and reduced operating expenses.
Adjusted EBITDA increased 13.6% to HK$610.1 million, reflecting improved operational efficiency and cost management.
Bossini International was privatized and became a wholly-owned subsidiary, streamlining operations and enhancing flexibility.
Major leadership changes included the appointment of Victor Herrero as Co-CEO and Acting CEO of Clarks in June 2025.
Financial highlights
Gross profit was HK$2,206.0 million, down 7.0% year-over-year, with overall gross margin at 45.9%.
Selling and distribution expenses fell by HK$251.4 million to HK$1,543.5 million, mainly due to store closures and cost management.
Administrative expenses dropped to HK$664.9 million, reflecting better cost management and no one-off restructuring costs.
Finance costs-net increased to HK$76.0 million, mainly due to lower interest income from defined benefit schemes.
Share of profits from associates and joint ventures rose to HK$258.4 million, reflecting increased ownership in Double Happiness.
Outlook and guidance
The group expects continued macroeconomic headwinds, including weak global consumer confidence, high interest rates, and geopolitical uncertainties.
Management will maintain prudent cash flow management and flexible business strategies to address ongoing uncertainties.
Focus remains on rebranding legacy brands, expanding overseas, and enriching the brand portfolio.
Plans to open about 20 Haglöfs stores in Mainland China within the year.
Synergy expected between sports experience and consumer goods segments, leveraging exclusive sports event rights.
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