Kingboard Holdings (148) investor relations material

Executive summary

• Revenue increased by 35% year-over-year to HK$29,131.4 million, driven by strong demand in AI-related electronic products and robust performance in laminates and chemicals segments.

• Net profit attributable to owners rose 5% to HK$2,711.4 million, despite a loss in the investment segment due to a late-period stock market correction.

• The Group leveraged its vertically integrated supply chain to expand market share and secure new high-end customers.

• Interim dividend declared at HK$0.73 per share, up 6% from the prior year.

Financial highlights

• EBITDA grew 32% to HK$6,313.8 million; profit before tax up 42% to HK$4,510.8 million year-over-year.

• Basic EPS increased 5% to HK$2.445; diluted EPS up 4% to HK$2.423; interim dividend per share up 6% to HK$0.73.

• Net asset value per share rose 26% to HK$71.3; net gearing improved to 22% from 32% at year-end 2025.

Outlook and guidance

• Laminates division expects continued strong demand and high prices due to ongoing AI commercialization and supply shortages, with new capacity expansions underway.

• PCB and chemicals divisions anticipate growth from digitalization, smart vehicles, and new energy sectors.

• Property division maintains a prudent approach, focusing on stable rental income and cash flow.