Comba Telecom Systems Holdings posted a net profit attributable to shareholders of HK$55.2 million for the six months ended Jun 30, 2026, down 10.6% year-on-year, as increased research, administrative and other expenses outweighed a firmer gross margin and stable sales.

The wireless infrastructure supplier’s revenue was broadly unchanged at HK$2.20 billion, while gross profit margin widened to 32.1% from 29.5% on stronger product mix and lower inventory provisions. Basic earnings per share fell to HK1.76 cents from HK2.09 cents a year earlier.

The board declared an interim dividend of HK0.26 cent per share, below the HK0.60 cent paid a year ago. The dividend is payable on Sept 15 to Hong Kong shareholders and on or about the same date to Singapore shareholders, with a record date of Sept 4.

Segmentally, wireless telecommunications network system equipment and services contributed HK$2.11 billion in revenue and HK$128.3 million in pre-tax profit. Operator telecommunication services generated HK$86.4 million in revenue but booked a HK$21.6 million pre-tax loss. Revenue from Chinese mainland carriers fell 14.3 % to HK$700.9 million, while international customer sales rose 8.3 % to HK$1.20 billion, lifting the overseas share of group sales to 54.5 %.

Operating costs climbed. Research and development expenses rose 11.7 % to HK$180.8 million, equivalent to 8.2 % of revenue, as the company accelerated 5G platform development. Selling and distribution expenses increased 7 % to HK$195.3 million, and administrative costs gained 13 % to HK$154.9 million, reflecting expansion in overseas markets and higher compliance spending. Foreign-exchange volatility drove other expenses up 28 % to HK$138.0 million, despite finance costs declining 18 % to HK$16.3 million.

Looking ahead, the board said the group will focus on enhancing organisational efficiency, deepening proprietary R&D and pursuing innovation to capture demand for high-performance 5G coverage. Management also plans to expand its global customer base and maintain a disciplined approach to capital allocation, including selective share buy-backs and currency-hedging measures to mitigate exchange-rate risk.