Kingboard Laminates (1888) investor relations material

Executive summary

• Revenue rose 10% year-over-year to HK$20,400.2 million, driven by strong demand in AI and electronics sectors.

• Underlying net profit attributable to owners surged 85% to HK$2,494.3 million; reported net profit up 84% to HK$2,442.2 million.

• Laminates division benefited from higher prices and volumes, while investment segment also saw profit growth.

• Final dividend of HK25.0 cents and special final dividend of HK28.0 cents per share proposed.

Financial highlights

• EBITDA increased 42% year-over-year to HK$4,204.6 million.

• Profit before tax rose 77% to HK$3,111.8 million.

• Basic EPS based on underlying net profit was HK79.9 cents, up 85% year-over-year.

• Net asset value per share increased 6% to HK$5.21.

• Net gearing ratio rose to 16% from 9% last year.

Outlook and guidance

• Demand for AI, robotics, and high-performance laminates expected to remain robust in 2026.

• Expansion of specialty electronic fibreglass yarn and copper foil capacity planned to meet high-end market needs.

• New production facilities and R&D initiatives to support growth in high-frequency, high-speed, and low-CTE materials.