Dream International sees strong interim growth despite market volatility

Dream International Limited reported a 12.4% rise in revenue to HK$2,578.3 million for the six months ended June 30, 2025, up from HK$2,294.0 million in the prior period. This growth was fueled by strong demand in North America and Asia, with orders shifting to Vietnam to mitigate tariffs. Profit attributable to shareholders increased to HK$307.0 million from HK$278.9 million, resulting in a net profit margin of 11.9%. The group declared an interim dividend of HK25 cents per ordinary share, an increase from HK20 cents in the first half of 2024.

Gross profit for the period reached HK$517.6 million, though the gross profit margin slightly decreased to 20.1% (H1 2024: 24.0%) due to rising labor costs in Vietnam and aggressive efforts to secure new plastic figures orders. As of June 30, 2025, the group maintained a healthy financial position with cash and cash equivalents totaling HK$1,577.1 million.

Geographically, North America remained the largest market, contributing 40.6% of total revenue, followed by Japan at 27.2% and the PRC at 19.7%. The group operated 28 factories with an average utilization rate of 84.7%, expanding its diversified production footprint across China, Vietnam, and Indonesia.