Justin Allen Holdings sees profits, revenue decline in first half

For the six months ended June 30, 2025, Justin Allen Holdings Limited reported revenue of HK$362.2m, a 5.9% decrease from HK$385.1m in the same period of 2024. Profit attributable to owners of the company also saw a significant drop of 29.1%, from HK$42.9m in the first half of 2024 to HK$30.4m. Gross profit was HK$95.4m, with a margin of 26.3%, down from HK$107.7m and 28.0% respectively in 2024.

The group increased its selling and distribution expenses by 7.0% to HK$21.1m, and administrative expenses rose by HK$3.4m to HK$40.4m due to operational expansion, including the trial run of a new Cambodia factory and development in Vietnam and Kenya. Finance costs slightly decreased to HK$6.9m from HK$7.3m.

As of June 30, 2025, current assets stood at HK$891.1m, with cash and bank balances increasing to HK$451.8m. Trade and other receivables decreased to HK$59.4m, while trade and other payables increased to HK$241.2m, partly due to the recognition of HK$70.0m in 2023 dividend payables.