"Performance" REGINA MIRACLE's half-year net profit of HKD 145 million increased by 1.14 times, with interim dividends rising to 5.7 cents

REGINA MIRACLE (02199.HK) announced its interim results for the period ending September this year, with a revenue of HKD 3.84 billion, a year-on-year decrease of 3.4%. The net profit was HKD 145 million, a year-on-year increase of 114.3%; earnings per share were 11.8 cents. An interim dividend of 5.7 cents was declared, compared to 2.5 cents in the same period last year.

During the period, the revenue from intimate apparel was approximately HKD 2.099 billion, a year-on-year decrease of 6.6%, accounting for 54.7% of total revenue; revenue from sports products was approximately HKD 1.505 billion, a year-on-year increase of 13.4%, accounting for 39.2% of total revenue; revenue from consumer electronics accessories was HKD 112 million, a year-on-year decrease of 54%, accounting for 2.9% of total revenue; revenue from bras and other accessory products was HKD 124 million, a year-on-year decrease of 21.9%, accounting for 3.2% of total revenue. As for Victoria's Secret in China, revenue increased by 37.3% year-on-year to HKD 1.216 billion, with a net profit of HKD 135 million, an increase of HKD 117 million year-on-year.

The group indicated that due to the impact of tariff policies during the year, market consumption power may face uncertainty as some brands adjust their end prices accordingly, with related impacts expected to gradually emerge by the end of 2025, making the overall outlook still subject to close observation. However, as the market gradually digests tariff fluctuations, the order decisions of brand partners have stabilized, and there is a greater commitment to developing differentiated innovative products to establish competitive advantages. In response to this market trend, REGINA MIRACLE continues to focus on innovative research and development, leveraging its differentiated technological advantages and collaborating with diverse brand partners to closely align with changes in market demand. This development path helps the group maintain business resilience amid challenges and actively seize structural growth opportunities