UBoT (8529) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 22.4% YoY to HK$199.7m; profit attributable to owners was HK$12.8m versus a HK$23.2m loss in FY2024.

• Recovery in tray products, carrier tape growth and improved production efficiency supported the turnaround; Philippines mass production broadened the customer base.

Financial highlights

• Gross profit increased 34.2% to HK$75.4m; gross margin expanded to 37.7% from 34.5%, attributed primarily to higher production efficiency and utilisation.

• FY2025 profit before tax was HK$13.1m; FY2024 reported loss before tax of HK$21.9m included HK$9.8m of listing expenses, and was HK$12.1m excluding those expenses.

• Cost of sales rose 16.4% to HK$124.4m alongside higher production and sales; administrative expenses declined 5.3% to HK$31.9m, while selling and distribution expenses rose 3.9% to HK$23.9m.

Outlook and guidance

• 2026 priorities: expand Philippines product scope to trays, accelerate production automation, develop own-branded sensors and deepen multi-site manufacturing capabilities.

• Plans include targeted R&D to revitalise MEMS and sensor packaging, strengthen supply-chain resilience through multiple sourcing, and balance reinvestment with shareholder returns.