Karin Technology Holdings Limited, listed on the Singapore Exchange, has reported a net attributable profit of HK$19.2m for the financial year ending 30 June 2025, despite a 12.4% decline in revenue to HK$1,929.5m. The company faced reduced sales across its IT Infrastructure, Components Distribution, and Consumer Electronics Products segments, attributed to weaker demand and economic sentiment in key markets.
The IT Infrastructure segment, Karin’s largest revenue contributor, saw an 11.9% drop in sales, whilst the Components Distribution segment fell 11.1% due to geopolitical tensions affecting the Chinese market. The Consumer Electronics Products segment experienced a 19.4% decline, reflecting weak consumer sentiment in Hong Kong.
Despite these challenges, Karin’s gross profit margin improved from 8.5% to 9.2%, thanks to higher-margin sales and cost control measures. CEO Michael Ng noted, “Although revenue from our IT segment declined in FY2025, its profitability had improved due to higher margins on some deals.”
Karin’s financial position remains robust, with cash reserves of HK$144.0m and a reduced gearing ratio of 0.14 times. The company has proposed a final dividend of 3.88 Hong Kong cents per share, bringing the total dividend for FY2025 to 8.78 Hong Kong cents per share.
Looking ahead, Karin plans to focus on AI solutions within its IT segment to drive growth, whilst maintaining financial prudence amidst ongoing economic challenges.
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