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Perfect Medical Health Management (1830) investor relations material
Perfect Medical Health Management H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the year ended 31 March 2025 declined 19.1% year-over-year to HK$1,127.9 million, with profit attributable to equity holders down 34.5% to HK$206.9 million amid economic weakness and increased outbound spending by Hong Kong residents.
The group maintained an ultra-high net profit margin of 18.3% and proposed a final dividend of HK5.3 cents per share, resulting in an annual payout ratio of 100.6%.
Cost optimization initiatives included headcount reduction, lease renegotiations, and operational consolidation, supporting resilience despite market challenges.
The group continued to focus on high value-for-money Korean medical beauty services and strengthened its membership loyalty program to stimulate sales.
Financial highlights
EBITDA decreased 30.8% to HK$319.1 million, with EBITDA margin at 28.3% (FY2024: 33.1%).
Operating profit dropped 34.2% to HK$251.6 million, with an operating margin of 22.3%.
Basic EPS was HK16.5 cents, down from HK25.1 cents year-over-year.
Net cash generated from operating activities was HK$332.9 million (FY2024: HK$497.1 million).
Bank balances and cash stood at HK$394.6 million, with no external bank borrowings.
Outlook and guidance
The group anticipates continued economic volatility in FY2026, with geopolitical risks and changing consumer behavior posing ongoing challenges.
Plans include optimizing high value-for-money services in Hong Kong, cautious expansion in Mainland China, and efficiency improvements in Australia and Singapore.
Strategic partnerships, such as with Korean brand "Oracle" and M&A in Shenzhen, are expected to drive mid- to long-term growth.
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