China Tobacco International (HK) reports strong interim revenue growth

CTIHK reported a cumulative revenue of HK$10.32 bn for the first half of 2025, an 18.5% year-on-year increase. Profit attributable to equity shareholders rose by 9.8% to HK$706.4m. Basic and diluted earnings per share reached HK$1.02, up from HK$0.93 in 2024. The board declared an interim dividend of HK$0.19 per share, marking a 26.7% growth.

The Tobacco Leaf Products Import Business saw its operating revenue increase by 23.5% to HK$8,398.9m, despite a 7.7% decrease in gross profit due to rising procurement costs. The Tobacco Leaf Products Export Business achieved a 25.9% increase in operating revenue to HK$1,155.6m, with a substantial 124.1% rise in gross profit. Cigarettes Export Business revenue grew by 0.8% to HK$551.8m, contributing to a 16.8% increase in gross profit.

Net assets expanded by 17.7% to HK$3,700,825,000, and cash and cash equivalents, along with short-term bank deposits, surged by 41.5% to HK$3,975,052,000. The group’s current ratio improved to 1.52 from 1.42. Finance costs decreased significantly by 28.2% to HK$82.9m, primarily due to reduced bank borrowings and lower interest rates.