DL Holdings Group (1709) H2 2025 earnings summary

Executive summary

• Revenue decreased by 6.3% year-over-year to HK$189.7 million, but gross profit rose 6.4% to HK$138.9 million and total comprehensive income attributable to owners increased 36.9% to HK$136.6 million.

• Financial services remained the main revenue contributor, while family office services saw significant growth; apparel and enterprise solutions segments faced ongoing challenges.

Financial highlights

• Gross profit margin improved to 73.2% from 64.5% year-over-year.

• Net profit attributable to owners was HK$136.8 million, up from HK$99.9 million; basic EPS rose to 9.28 HK cents from 6.99 HK cents.

• Net current assets increased to HK$365.0 million; current ratio improved to 2.45.

• Gearing ratio decreased to 33.9% from 58.9% year-over-year.

Outlook and guidance

• The business environment is expected to remain challenging due to global economic uncertainty and high interest rates.

• Focus remains on expanding family office and financial services, digital transformation, and strategic partnerships in Asia-Pacific.