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DL Holdings Group (1709) investor relations material
DL Holdings Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary27 Nov, 2025
Executive summary
Revenue rose 42.6% year-over-year to HK$118.5 million for the six months ended 30 September 2025, with gross profit up 21.2% to HK$75.5 million and net profit surging to HK$202.3 million from HK$7.7 million, driven by strong growth in financial services, family office, and investment gains.
Major investment gains included fair value increases in financial assets and associates, notably a HK$84.2 million gain from Carmel Reserve and HK$115.7 million from DL Digital.
Financial services, family office services, and money lending were key contributors to revenue and profit growth, while apparel and enterprise solutions segments showed modest improvements.
The group continued to expand its digital finance business, including blockchain and RWA tokenisation initiatives.
Financial highlights
Revenue: HK$118.5 million (up 42.6% YoY); gross profit: HK$75.5 million (up 21.2% YoY); gross margin: 63.7% (down from 75.0%).
Net profit: HK$202.3 million (up over 2000% YoY); EPS: 12.99 HK cents basic, 12.95 HK cents diluted (vs. 0.52 HK cents prior year).
Other gains, net: HK$194.2 million, mainly from fair value gains on financial assets and associates.
Finance costs fell 75.6% to HK$5.7 million due to debt repayments.
Cash and cash equivalents: HK$521.9 million (up from HK$31.7 million at 31 March 2025).
Outlook and guidance
Management expects a challenging environment due to global economic uncertainty and high interest rates, especially for the apparel segment.
Strategic focus remains on expanding financial services, family office, and digital finance, including blockchain, RWA tokenisation, and cross-border wealth management.
Ongoing resource reallocation and cost control in underperforming segments; continued investment in digital transformation and new business lines.
Sustainability of fair value gains
Bitcoin mining investment rationale
Apparel business resource allocation
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Next DL Holdings Group earnings date
H2 202624 Jun, 2026
Next DL Holdings Group earnings date
H2 202624 Jun, 2026
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Frequently asked questions
DL Holdings Group Limited is a Hong Kong-based financial services company primarily engaged in asset management, wealth management, and financial advisory services. The company serves high-net-worth individuals, families, and institutional clients, providing tailored investment solutions, portfolio management, and strategic financial advice. DL Holdings also offers private equity and alternative investment options, focusing on long-term wealth preservation and growth strategies. DL Holdings Group Limited is headquartered in Hong Kong, and its shares are listed on the HKEX.
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