PLOVER BAY TECH(01523.HK): 2026 Interim Report - Profit Attributable to Shareholders stood at USD 27.72 million, YoY increase of 27.94%

July 30, 2026, PLOVER BAY TECH(01523.HK) released its Interim Report for the period ended December 31, 2026, Total Revenue stood at USD 74.6 million, increased by 18.51% YoY; Net Profit stood at USD 27.72 million, YoY increase of 27.94%; Profit Attributable to Shareholders stood at USD 27.72 million, YoY increase of 27.94%; Basic Earnings Per Share (EPS) stood at US cents 2.51.
In terms of profitability, PLOVER BAY TECH Gross Profit changed from USD 34.96 million in the same period last year to USD 43.85 million in the current period, increased by USD 8.88 million; gross profit margin changed from 55.55% in the same period last year to 58.78% in the current period, increased by 3.23 percentage points; net profit changed from USD 21.67 million in the same period last year to USD 27.72 million in the current period, increased by USD 6.05 million; net profit margin changed from 34.42% in the same period last year to 37.16% in the current period, increased by 2.74 percentage points.
In terms of earnings quality, PLOVER BAY TECH Operating Profit changed from USD 26.77 million in the same period last year to USD 33.46 million in the current period, increased by USD 6.69 million; Operating Profit Margin changed from 42.53% in the same period last year to 44.85% in the current period, increased by 2.33 percentage points; Net Cash Flow from Operating Activities changed from cash inflow of USD 22.27 million in the same period last year to cash inflow of USD 15.09 million in the current period, decreased by USD 7.18 million; Ratio of Net Cash Flow from Operating Activities to Total Operating Revenue changed from 35.38% in the same period last year to 20.23% in the current period, decreased by 15.15 percentage points.
In terms of financial soundness, PLOVER BAY TECH Debt-to-Asset Ratio changed from 51.88% in the same period last year to 54.44% in the current period, increased by 2.56 percentage points; Total Equity changed from USD 51.557 million in the same period last year to USD 55.935 million in the current period, increased by USD 4.38 million; Cash and Cash Equivalents changed from USD 55.666 million in the same period last year to USD 49.982 million in the current period, decreased by USD 5.68 million; Current Liabilities changed from USD 40.17 million in the same period last year to USD 50.26 million in the current period, increased by USD 10.09 million; Quick Ratio changed from 2.21 in the same period last year to 1.79 in the current period, decreased by 0.42 percentage points.
In terms of R&D investment focus, PLOVER BAY TECH R&D Expenses changed from USD 4.62 million in the same period last year to USD 5.4 million in the current period, increased by USD 780 thousand; R&D to Total Revenue Ratio changed from 7.34% in the same period last year to 7.24% in the current period, decreased by 0.1 percentage points.
By the close of trading on July 30, 2026, PLOVER BAY TECH(01523) saw a loss of 8.96% in its share price, closing at HKD 7.01. The full-day turnover stood at HKD 12.55 million, showing significant volume increase, with the latest market capitalization at HKD 7.75 billion.

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