Crystal International Group (2232) H1 2026 earnings summary

Executive summary

• Revenue rose 5.4% year-over-year to US$1,296 million for the six months ended 30 June 2026, driven by strong order momentum and resilient consumer demand in key markets.

• Net profit increased 10.6% year-over-year to US$109 million, with net profit margin improving from 8.0% to 8.4%.

• Interim dividend declared at HK18.0 cents per share, up from HK16.3 cents, representing a 60% payout ratio.

• Capital expenditure surged to US$112 million, mainly due to a strategic land acquisition in Egypt for future manufacturing expansion.

Financial highlights

• Gross profit increased 5.6% to US$256 million; gross margin stable at 19.8%.

• Operating cash flow reached US$162 million, with cash balances at US$444 million as of 30 June 2026.

• Bank borrowings stood at US$18 million, all repayable within one year; net cash position of US$439 million.

• Basic EPS rose to 3.81 US cents from 3.44 US cents year-over-year.

Outlook and guidance

• Second half 2026 growth expected to outpace first half, supported by productivity gains and workforce expansion.

• Automation and talent recruitment initiatives to drive further efficiency and output.

• Commitment to stable and increasing dividends alongside strategic investments.