Theme International (990) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 was HK$10,132.5 million, down 62% year-over-year, mainly due to the cessation of silver and gold ingot trading and lower trading activity in other commodities.

• Net profit increased to HK$369.91 million from HK$309.18 million year-over-year, driven by the absence of misappropriation provisions and higher share of profits from associates.

• Basic earnings per share rose to HK2.39 cents from HK2.19 cents year-over-year.

Financial highlights

• Gross profit decreased to HK$370.91 million from HK$625.09 million year-over-year.

• Other gains of HK$56.41 million were recorded, compared to losses of HK$146.66 million in the prior period.

• Finance costs fell to HK$8.87 million from HK$14.64 million year-over-year.

• Share of profits from associates increased to HK$140.4 million from HK$64.81 million year-over-year.

• No interim dividend was declared for the period.

Outlook and guidance

• Focus remains on expanding financial services and distribution, trading, and processing businesses in Hong Kong, Singapore, China, and Indonesia.

• Plans to utilize new capital for business expansion, mining acquisitions, and logistics development, especially in Indonesia.