VSTECS Holdings Limited released its unaudited interim results for the six months ended 30 June 2026, reporting solid top- and bottom-line growth on broad-based demand for consumer electronics, enterprise systems and cloud computing services.

Results highlights • Revenue reached HK$52.61 billion, up 15.61% from HK$45.52 billion a year earlier. • Gross profit rose 20.82% to HK$2.61 billion; gross margin improved to 4.97% from 4.75%. • Operating profit climbed 36.93% to HK$1.27 billion. • Profit attributable to equity shareholders jumped 49.88% to HK$914.91 million. • Basic earnings per share increased to 65.95 HK cents from 44.06 HK cents. • No interim dividend declared; a final dividend of 41.77 HK cents per share for FY 2025 (total HK$597.22 million) was approved but remains unpaid during the period.

Segment performance • Consumer electronics revenue grew 25.34% to HK$21.55 billion, delivering segment profit of HK$509.77 million. • Enterprise systems revenue expanded 9.84% to HK$28.24 billion, generating segment profit of HK$608.21 million. • Cloud computing revenue advanced 8.02% to HK$2.83 billion, with segment profit of HK$111.80 million. North Asia contributed HK$33.58 billion, while South-East Asia accounted for HK$19.03 billion.

Financial position and liquidity Total assets stood at HK$50.55 billion as at 30 June 2026, up 17.5% from end-2025. Cash and bank balances amounted to HK$4.26 billion, while total borrowings rose to HK$13.18 billion, lifting the net-debt-to-assets ratio to 0.18 from 0.09. Current assets of HK$48.04 billion against current liabilities of HK$38.01 billion resulted in a current ratio of 1.26x (31 December 2025: 1.31x).

Management outlook The Board plans to continue expanding product and service offerings across all business segments to capture growing demand driven by artificial intelligence adoption and increased electronic device penetration.

Corporate actions During January 2026, the company repurchased 26,000 shares for HK$0.21 million, which are held as treasury stock. The Board believes the buy-back supports net asset value and earnings per share.

Governance update VSTECS maintained compliance with the HKEX Corporate Governance Code, except for combining the roles of chairman and CEO, both held by founder Mr Li Jialin, a structure the Board views as facilitating effective decision-making. Two independent non-executive directors and one non-executive director were absent from the 26 May 2026 AGM due to prior commitments.