QPL INT'L reported a marked turnaround for the year ended 30 April 2026, delivering a net profit attributable to shareholders of HK$98.78 million versus a HK$1.06 million loss in FY25. Basic and diluted earnings per share rose to HK29.70 cents from a loss of HK0.37 cents.

Revenue climbed 15.32% year-on-year to HK$347.63 million, supported by solid demand for integrated-circuit leadframes, heatsinks and related products. Malaysia remained the largest market, contributing HK$155.81 million, or 44.8% of group turnover, followed by the PRC at HK$94.89 million.

Operating profitability improved sharply, with profit before tax at HK$103.06 million compared with a HK$0.48 million loss a year earlier. A key driver was HK$64.18 million of net fair-value gains on financial assets at fair value through profit or loss, reversing a HK$4.17 million loss in FY25. Core operating metrics also strengthened: the cost-of-sales ratio eased, while staff costs grew 8.20% to HK$107.43 million but fell to 30.90% of revenue (FY25: 32.94%).

Total assets expanded to HK$581.35 million (FY25: HK$465.07 million), buoyed by a near-doubling of financial assets at FVTPL to HK$129.94 million and higher inventories of HK$109.62 million. Net current assets rose to HK$312.14 million (FY25: HK$205.29 million), underpinning liquidity alongside cash and cash equivalents of HK$79.98 million.

Total debt declined to HK$50.65 million, reducing the gearing ratio to 11.81% from 18.19% a year earlier. Bank borrowings accounted for HK$43.54 million, all secured by pledged leasehold properties valued at HK$85.20 million.

The board did not recommend a dividend for the year. Looking ahead, management plans to upgrade plant and machinery, funded partly by the HK$9.00 million net proceeds raised via share placing in July 2025, of which HK$4.80 million had been deployed by fiscal year-end.