VSTECS (856) H1 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 reached HK$52.6 billion, up 16% year-over-year, with net profit attributable to shareholders at HK$915 million, a 49.9% increase year-over-year.

• Earnings per share were HK65.95 cents, and return on equity reached 18.1%.

• Gross margin improved to 4.97% from 4.75% year-over-year.

• The company operates across nine Asia Pacific countries, serving 1.9 billion people, and maintains strong partnerships with major technology firms.

• No significant events occurred after the reporting period up to the date of the interim report.

Financial highlights

• Revenue increased 16% year-over-year to HK$52.6 billion in H1 2026.

• Net profit attributable to shareholders rose 49.9% year-over-year to HK$915 million.

• Gross profit reached HK$2.61 billion, up from HK$2.16 billion year-over-year.

• Cash and bank balances stood at HK$4.26 billion as of 30 June 2026.

• Total assets as of 30 June 2026 were HK$50.5 billion.

Outlook and guidance

• Full-year revenue is expected to exceed HK$100 billion.

• Management targets sustainable growth, with 20-30% annual growth considered achievable, though 50% growth is seen as exceptional and not sustainable long-term.

• The group aims to expand market share and product/service range, leveraging its broad portfolio and network for continued growth.

• Focus remains on all business segments for future development.

• Continued investment in AI, cloud, and new business drivers is planned for long-term competitiveness.