Crystal International posts strong interim growth despite tariff headwinds

Crystal International Group Limited reported a significant increase in revenue and profit for the six months ended June 30, 2025. Revenue rose by 12.4% to $1,229m, up from $1,094m in the same period last year. Gross profit climbed 13.7% to $243m, with the gross profit margin improving to 19.7% from 19.5%. Net profit for the period increased by 16.8% to $98m, with the net profit margin reaching 8.0%.

The group achieved balanced growth across all segments, driven by increased penetration among key brand customers and strategic capacity expansion. Despite new USA import tariffs, the FOB-based revenue structure and strong brand partnerships mitigated direct impact. Capital expenditure for the period was $60m. The board declared an interim dividend of HK16.3 cents per ordinary share, representing a 60% payout ratio.

Cash balances increased to $512m at June 30, 2025, up from $427m at December 31, 2024, supported by positive operating cash flow of $155m. The group maintained a positive net cash position of $517m and a nil gearing ratio.