Truly International (732) investor relations material

Executive summary

• Revenue for the six months ended 30 June 2025 was HK$8,098 million, down 5.7% year-over-year, mainly due to a 12.1% decline in smartphone-related sales.

• Gross profit decreased by 8.7% to HK$637 million, with gross margin slightly down to 7.9% amid fierce competition in the smartphone market.

• Profit attributable to owners fell 19.2% to HK$140.7 million, reflecting lower revenue and gross profit.

• Interim dividend of HK$0.05 per share declared, unchanged from the prior year.

Financial highlights

• EBITDA for the period was HK$920.2 million, down 6.8% year-over-year.

• Basic earnings per share were 4.49 HK cents, a decrease of 18.5% from the prior year.

• Net cash from operating activities was HK$3,640 million, with a net increase in cash and cash equivalents of HK$211 million.

• Administrative and selling expenses decreased by 12.4% and 17.1%, respectively.

• Other income fell 26.2% due to lower government subsidies, and net other losses increased mainly from foreign exchange losses.

Outlook and guidance

• Management expects the smartphone and non-smartphone product businesses to remain stable in H2 2025, but notes ongoing global economic and geopolitical uncertainties.

• Focus remains on R&D, production process upgrades, and maintaining strong customer relationships to support steady business expansion.