Tiger Brokers

SUNCORP TECH Interim: Revenue Rises 31.4% to HK$33.08 million, Attributable Profit Falls 27.9% to HK$15.42 million

Bulletin Express
Aug 25

SunCorp Technologies Limited released its unaudited results for the six months ended 30 June 2026.

Revenue and earnings • Revenue increased 31.4% year-on-year to HK$33.08 million, driven mainly by trading of computer-related components, clothes and beauty products (HK$26.57 million, 80.3% of total). • Profit attributable to shareholders declined 27.9% to HK$15.42 million, reflecting lower fair-value gains and higher operating costs. Basic and diluted earnings per share were 1.00 HK cent, down from 1.393 HK cents. • Gross profit rose 8.4% to HK$7.62 million; gross margin fell to 23.1% from 28.0%. • Unrealised gains on financial assets at fair value through profit or loss (FVTPL) contributed HK$19.04 million, versus HK$20.25 million a year earlier. Realised gains on FVTPL were HK$0.17 million (2025: HK$2.33 million).

Segment performance • Trading of computer-related components, clothes and beauty products: revenue HK$26.57 million, segment profit HK$0.15 million. • Money-lending: revenue HK$3.79 million, segment profit HK$1.42 million. • Brokerage, placing and underwriting: revenue HK$2.72 million, segment profit HK$0.96 million.

Financial position • Cash and bank balances (house accounts) stood at HK$16.28 million. • Financial assets at FVTPL totalled HK$173.92 million, representing 47.0% of total assets. • Current ratio dropped to 3.2 from 9.6 at year-end 2025, mainly due to a rise in trade and other payables to HK$116.26 million. • Net assets were HK$243.47 million; gearing ratio (total bonds payable to equity) rose to 3.7% from 2.3%.

Capital moves and dividend • No interim dividend was declared. • A five-into-one share consolidation became effective on 5 August 2026, with the board lot size changed from 10,000 existing shares to 5,000 consolidated shares.

Outlook The group will allocate more resources to asset-management and virtual-asset businesses after securing Type 1, 4 and 9 licences from Hong Kong’s Securities and Futures Commission. Management continues to review business mix and seek investment opportunities to broaden income streams.

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