PLOVER BAY TECH announced its interim results, with a net profit of approximately USD 21.665 million, an increase of about 13.4% year-on-year, and a dividend of 12.34 Hong Kong cents per share
PLOVER BAY TECH announced its mid-term results for 2025, with revenue of approximately USD 62.943 million, a year-on-year increase of 9.9%; net profit of approximately USD 21.665 million, a year-on-year increase of 13.4%. Basic earnings per share were approximately 1.96 cents, with an interim dividend of 12.34 Hong Kong cents per share. Sales growth was mainly driven by the performance of 5G products, although some growth was offset by the strong momentum of the Peplink-Starlink collaboration plan. During the period, recurring sales increased by 12.5% year-on-year, indicating strong potential for future revenue pipelines
According to the Zhitong Finance APP, PLOVER BAY TECH (01523) announced its mid-term results for 2025, with revenue of approximately USD 62.943 million, an increase of about 9.9% year-on-year. Net profit was approximately USD 21.665 million, an increase of about 13.4% year-on-year. Basic earnings per share were approximately 1.96 cents, with an interim dividend of 12.34 Hong Kong cents per share.
The announcement stated that sales growth was mainly driven by strong performance in 5G products, but some growth was offset by the strong momentum of the Peplink-Starlink cooperation plan launched in early 2024.
During the period, one-time sales increased by approximately 8.9% year-on-year, while recurring sales increased by approximately 12.5% year-on-year. Embedded subscription sales typically follow the growth trend of sales in the fixed network priority connection and mobile network priority connection segments over the past twelve months. The growth of organic subscriptions is generally influenced by the company's accumulated user base, subscription rates, and user stickiness. During the period, the number of devices with subscriptions and subscription usage rates achieved healthy growth, indicating a strong recurring revenue pipeline for the future
