Karrie International sees stable profit on revenue growth, strategic shift

Karrie International Holdings Limited announced unaudited interim results for the six months ended September 30, 2025, with revenue increasing by 5% to HK$1.608 billion from HK$1.526 billion in the prior year. Profit attributable to equity shareholders remained stable at HK$101.726 million, consistent with HK$101.779 million in 2024. Basic and diluted earnings per share were HK5.0 cents. The company declared an interim dividend of HK1.5 cents per share, a 40% decrease from HK2.5 cents in the previous period, payable on December 31, 2025.

The group’s operating profit saw a significant 26% increase to HK$170.817 million (2024: HK$135.151 million), primarily due to improved gross profit in the server enclosures (general & AI) business. However, a net loss of HK$39.352 million from the disposal of subsidiaries impacted overall profit. The company has reclassified its operating segments into server enclosures (general & AI), EV charger enclosures & other products, and storage products to better reflect its business strategy.

In a subsequent event on October 13, 2025, Karrie International entered into a subscription agreement to issue convertible bonds worth HK$150 million to Ho Cheuk Fai, the chairman and chief executive, at a conversion price of HK$2.30 per share. This initiative aims to enhance the capital structure and support future development, including new machinery and production bases in Thailand.