Topsports FY25 profit plummets amid revenue dip, dividend cut

Topsports International Holdings (HKEX:6110) announced a 6.6% year-on-year revenue decrease to RMB27,012.9 million for the year ended February 28, 2025, primarily due to weakening consumer demand and declining offline store traffic. This downturn significantly impacted profitability, with operating profit falling 42.8% to RMB1,592.7 million and profit attributable to equity holders plummeting 41.9% to RMB1,286.0 million. Consequently, the board recommended a final dividend of RMB0.02 per share and a special dividend of RMB0.12 per share, down from the previous year.