Topsports delivers steady interim dividend despite market challenges

Topsports International Holdings Limited reported revenue of 12,298.6 million yuan for the six months ended August 31, 2025, a 5.8% decrease compared to the same period in 2024. Operating profit fell 11.3% to 993.8 million yuan, while profit attributable to equity holders decreased 9.7% to 789.1 million yuan. The gross profit margin remained relatively stable at 41.0%, a slight dip of 0.1 percentage points year-on-year.

Basic and diluted earnings per share were 12.72 cents, down from 14.09 cents. Despite this, the board declared an interim dividend of 13.00 cents per ordinary share, totaling 806.2 million yuan, payable on or about December 18, 2025, demonstrating a high dividend payout ratio of 102.2%.

The company maintained a net cash position of 1,268.3 million yuan as of August 31, 2025. It also continued to refine its Omni-channel retail strategy and expanded its user base to 89.1 million, with members contributing 92.9% of total retail sales.