China Tobacco International (HK) Company (6055) H2 2025 earnings summary

Executive summary

• Revenue rose 11.5% year-over-year to HK$14,579.1 million, with profit attributable to equity shareholders up 14.8% to HK$980.3 million, driven by growth in Tobacco Leaf Products Export and Cigarettes Export businesses.

• Gross profit increased 6.9% to HK$1,473.1 million, while finance costs fell 21.3% due to lower bank borrowings and interest rates.

• Final dividend of HK$0.33 per share proposed, bringing total annual dividend to HK$0.52 per share, up 13.0% year-over-year.

Financial highlights

• Revenue: HK$14,579.1 million (+11.5% YoY); Gross profit: HK$1,473.1 million (+6.9% YoY).

• Profit for the year: HK$1,047.1 million (+16.0% YoY); EPS: HK$1.42 (vs. HK$1.23 in 2024).

• Net current assets: HK$3,438.4 million (vs. HK$2,837.8 million in 2024).

• Cash and short-term deposits: HK$3,312.7 million; total liabilities: HK$5,126.9 million.

• Gearing ratio improved to 0.73 (from 0.94); current ratio increased to 1.68 (from 1.43).

Outlook and guidance

• Focus on global market expansion, supply chain resilience, and product innovation for 2026.

• Plans to enhance profitability in cigarettes, expand cigar markets, and accelerate new tobacco product development.

• Continued investment in sustainability, digitalization, and talent management to support long-term growth.