K Cash (2483) H2 2026 earnings summary

Executive summary

• FY2025 interest income rose 22.5% YoY to HK$345.1m; profit increased to HK$87.4m from HK$63.8m, with EPS of HK17.48 cents.

• Growth centered on unsecured property owner lending and credit card advances; the proposed final dividend was HK7.8 cents per share.

Financial highlights

• Net interest income rose to HK$305.9m from HK$250.6m; operating profit increased to HK$106.1m from HK$75.2m.

• Profit before tax was HK$104.8m versus HK$74.0m; profit for the year was HK$87.4m versus HK$63.8m.

• Interest expenses increased 26.8% to HK$39.3m, while net expected credit losses rose to HK$83.0m from HK$77.4m.

• Total assets were HK$1,564.5m and equity HK$955.5m at 31 Dec 2025; cash was HK$64.7m and borrowings HK$576.8m.

Outlook and guidance

• For 2026, plans include an AI-powered omni-channel call centre, broader AI tools, and further development of data and analytics capabilities.

• Management expects stable funding costs if US Federal Reserve rates remain steady, and intends to diversify funding and expand lending through targeted partnerships.