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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.
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H1 2025 earnings summary22 Aug, 2025

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.

What drives Clarks' sustained profitability?
What is Bossini's post-privatization growth strategy?
What is the strategic rationale for Li Ning Co. stake?
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Frequently asked questions

Viva Goods Company Limited is a Hong Kong-based investment holding company primarily engaged in the design, manufacture, and distribution of consumer goods. The company’s product range includes a variety of household, lifestyle, and wellness items tailored to meet diverse consumer needs. Viva Goods operates in multiple markets, distributing its products through retail channels, e-commerce platforms, and wholesale partnerships. The company is headquartered in Hong Kong, China, and its shares are listed on the HKEX.

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