Topsports declares interim dividend despite challenging market conditions
Topsports International Holdings Limited declared an interim dividend of RMB0.13 per ordinary share for the six months ended August 31, 2025. This dividend, totaling RMB806.2 million, will be paid on December 18, 2025, to shareholders on record as of December 5, 2025. The company's register of members will be closed from December 3 to December 5, 2025, for this purpose.
The dividend declaration follows a period where revenue decreased by 5.8% year-on-year to RMB12,298.6 million for the six months ended August 31, 2025, primarily due to volatility in offline operating conditions, partially offset by online retail growth. Operating profit saw an 11.3% decline to RMB993.8 million, and profit attributable to equity holders decreased by 9.7% to RMB789.1 million. The gross profit margin remained stable at 41.0%, a slight decrease of 0.1 percentage points.
For the second quarter of FY2025/26 (three months ended August 31, 2025), the company’s total sales from retail and wholesale operations experienced a high-single-digit decline year-on-year. The gross selling area of directly-operated stores decreased by 14.1% year-on-year by August 31, 2025, and by 3.3% since the end of the previous quarter, as Topsports continued to optimize its store network.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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