Perfect Medical reports profit recovery despite revenue drop, maintains dividend

Perfect Medical Health Management Limited announced interim results for the six months ended September 30, 2025, with revenue decreasing by 21.7% to HK$485.9m. However, profit attributable to equity holders saw a strong sequential recovery, increasing 43.4% to HK$94.8m from HK$66.1m in the preceding six-month period, driven by cost-control measures and service-mix optimization. Basic earnings per share were HK7.5 cents.

The board proposed an interim dividend of HK$0.076 per share, to be paid on or around December 31, 2025, to shareholders on record as of December 16, 2025. This represents a dividend payout ratio of 101.3%, marking the eleventh consecutive year of 100% or above dividend payout. The company continues to operate in a challenging consumer environment, particularly in Hong Kong, but has implemented strategic initiatives like network rightsizing and enhanced customer engagement.

The group maintained a strong financial position with bank balances and cash amounting to HK$425.0m as of September 30, 2025, and no external bank borrowings, providing financial flexibility for future growth.