PSC Corporation (DM0) H1 2025 earnings summary

Executive summary

• 1H 2025 revenue fell 3.3% YoY to $235.3m and profit fell 16.1% to $12.9m, as weaker Packaging performance outweighed Consumer Business growth.

• Gross margin eased to 23.2% from 23.8%; lower packaging selling prices and higher finance costs weighed on earnings.

Financial highlights

• Revenue was $235.274m, down 3.3% YoY; gross profit was $54.578m, down 5.8%.

• Operating results were $15.577m, down 19.2%; profit before tax was $15.577m, down 19.2%, and net profit was $12.862m, down 16.1%.

• Basic and diluted EPS was 1.79 cents vs 2.04 cents; other income rose 60.3% to $2.0m, partly on investment-property disposal gain and FX gain.

• Finance costs rose 44.2% to $1.641m, mainly due to mark-to-market losses on other financial assets; tax expense fell 31.0% to $2.715m.

Outlook and guidance

• Consumer Business plans continued marketing and promotions, product introductions aligned with consumer preferences, and cost controls to support brand loyalty and manage expenses.

• Packaging will focus on credit exposure, cost management, operational efficiency, productivity and human-capital development amid intense competition and trade uncertainty.

• Management cited a positive net cash position and strong balance sheet, while exploring business opportunities and building resilience in core businesses.