Lion Rock Group revenue drops 13% in first half as book market weakens

Lion Rock Group Limited reported a 13% decrease in turnover to HK$1,094 million for the first six months of 2025, down from HK$1,257 million in H1 2024. Profit attributable to owners of the company also declined by 4% to HK$76.0 million (H1 2024: HK$79.1 million), primarily due to reduced contributions from Regent Publishing and Quarto. This downturn was attributed to weakness in the global illustrated book market and supply chain shifts influenced by reciprocal tariffs. The printing segment’s turnover fell by 12.5%, while the publishing segment saw a 14.1% drop.

Despite these challenges, the group maintained a stable overall gross profit margin. Interest income, however, decreased to HK$4.9 million in 2025 from HK$10.0 million in 2024, reflecting lower deposit rates and bank borrowing repayments. Finance costs also fell to HK$7.7 million (2024: HK$13.4 million). The group's current ratio stood at 2.5, with net current assets of HK$907.1 million and cash and bank deposits totaling HK$436.1 million as of June 30, 2025. The board declared an interim dividend of HK$0.030 per ordinary share.