China Tobacco International (HK) Company (6055) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was HK$7,539.5 million, down 26.9% year-over-year, with profit attributable to equity shareholders at HK$627.0 million, down 11.2%.

• The decline was mainly due to lower import volumes in the Tobacco Leaf Products Import Business and shipment delays in the Cigarettes Export Business.

• Export businesses, especially Tobacco Leaf Products Export and Brazil Operation, showed significant growth in both revenue and gross profit.

• The interim dividend was maintained at HK$0.19 per share.

Financial highlights

• Revenue: HK$7,539.5 million (down 26.9% YoY); Gross profit: HK$856.3 million (down 9.5% YoY).

• Profit attributable to equity shareholders: HK$627.0 million (down 11.2% YoY); net profit: HK$655.0 million (down 9.4% YoY).

• Earnings per share: HK$0.91 (down from HK$1.02 YoY).

• Cash and cash equivalents and short-term bank deposits: HK$3,818.5 million.

• Interim dividend per share: HK$0.19 (unchanged YoY).

Outlook and guidance

• Focus on strengthening supply chain resilience, optimizing business mechanisms, and expanding into new markets.

• Plans to enhance digital transformation, improve risk control, and refine human resources management.

• Continued emphasis on ESG, sustainable development, and building a green value chain.

• Will monitor weather risks in Brazil and deepen collaboration with suppliers and customers.