Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
6,590.11
4,647.90
5,665.89
10,006.08
10,389.31
5,541.01
4,762.82
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
6,590.11
4,647.90
5,665.89
10,006.08
10,389.31
5,541.01
4,762.82
Raw Material Cost
6,182.16
4,337.79
5,228.00
8,913.73
9,401.75
5,232.94
4,494.27
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
128.42
108.66
182.58
331.20
279.65
108.27
102.12
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
30.36
26.62
57.03
79.18
53.77
18.17
27.33
Selling and Distribution Expenses
220.32
168.22
284.11
492.49
430.77
177.69
166.31
Other Expenses
-12.45
-10.38
-20.71
-37.08
-29.32
-10.08
-10.54
Total Expenditure (Excl Depreciation)
6,436.72
4,537.47
5,544.62
9,445.78
9,872.69
5,436.32
4,684.62
Operating Profit (PBDIT) excl Other Income
153.4
110.39999999999999
121.30000000000001
560.3
516.5999999999999
104.7
78.2
Other Income
55.59
28.00
42.00
-20.34
8.94
9.95
13.49
Operating Profit (PBDIT)
222.27
150.87
186.30
560.53
542.85
127.62
100.95
Interest
30.36
26.62
57.03
79.18
53.77
18.17
27.33
Exceptional Items
2.59
3.08
3.01
-2.48
-0.18
5.48
7.20
Gross Profit (PBDT)
407.95
310.10
437.89
1,092.35
987.56
308.07
268.54
Depreciation
13.29
12.44
23.03
20.57
17.29
12.98
9.27
Profit Before Tax
181.21
114.89
109.24
458.30
471.62
101.95
71.55
Tax
20.09
13.84
16.74
78.55
79.72
16.60
9.78
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
161.35
100.34
71.13
164.74
214.06
71.00
55.10
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
161.35
100.34
71.13
164.74
214.06
71.00
55.10
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
-0.23
0.71
21.38
215.01
177.84
14.35
6.67
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
161.13
101.05
92.51
379.75
391.90
85.35
61.78
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Reserves
1,061.05
959.33
904.74
873.37
805.99
630.68
578.97
Earnings per share (EPS)
0.35
0.21
0.15
0.34
0.44
0.14
0.11
Diluted Earnings per share
0.35
0.21
0.15
0.34
0.44
0.14
0.11
Operating Profit Margin (Excl OI)
2.33%
2.38%
2.14%
5.6%
4.97%
1.89%
1.64%
Gross Profit Margin
2.95%
2.74%
2.33%
4.79%
4.71%
2.07%
1.7%
PAT Margin
2.45%
2.16%
1.26%
1.65%
2.06%
1.28%
1.16%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 41.79% vs -17.97% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 59.35% vs 9.30% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 35.64% vs -14.83% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is 14.29% vs -53.33% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has fallen from Dec 2024
Compare Annual Results Of Smart-Core Holdings Ltd. With
Figures in Million
Consolidate Annual Results
Change(HKD)
Change(%)
Net Sales
6,590.11
43,826.24
-37,236.13
-84.96%
Other Operating Income
0.00
0.00
0.00
Total Operating income
6,590.11
43,826.24
-37,236.13
-84.96%
Raw Material Cost
6,182.16
42,427.06
-36,244.90
-85.43%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
128.42
423.31
-294.89
-69.66%
Power Cost
0
0
0.00
Manufacturing Expenses
30.36
178.80
-148.44
-83.02%
Selling and Distribution Expenses
220.32
776.71
-556.39
-71.63%
Other Expenses
-12.45
-57.19
44.74
78.23%
Total Expenditure (Excl Depreciation)
6,436.72
43,233.97
-36,797.25
-85.11%
Operating Profit (PBDIT) excl Other Income
153.39
592.27
-438.88
-74.10%
Other Income
55.59
63.92
-8.33
-13.03%
Operating Profit (PBDIT)
222.27
676.30
-454.03
-67.13%
Interest
30.36
178.80
-148.44
-83.02%
Exceptional Items
2.59
0.00
2.59
Gross Profit (PBDT)
407.95
1,399.18
-991.23
-70.84%
Depreciation
13.29
20.11
-6.82
-33.91%
Profit Before Tax
181.21
477.39
-296.18
-62.04%
Tax
20.09
76.53
-56.44
-73.75%
Provisions and contingencies
0
0
0.00
Profit After Tax
161.35
400.86
-239.51
-59.75%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
161.35
400.86
-239.51
-59.75%
Share in Profit of Associates
0
0
0.00
Minority Interest
-0.23
0.00
-0.23
Other related items
0.00
0.00
0.00
Consolidated Net Profit
161.13
400.86
-239.73
-59.80%
Equity Capital
0
0
0.00
Face Value
0.00
0.03
0.00
Reserves
1,061.05
3,356.15
-2,295.10
-68.38%
Earnings per share (EPS)
0.35
0.16
0.19
118.75%
Diluted Earnings per share
0.35
0.16
0.19
118.75%
Operating Profit Margin (Excl OI)
2.33%
1.35%
0.00
0.98%
Gross Profit Margin
2.95%
1.14%
0.00
1.81%
PAT Margin
2.45%
0.91%
0.00
1.54%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 659.01 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 41.79% vs -17.97% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 16.11 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 59.35% vs 9.30% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 16.67 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 35.64% vs -14.83% in Dec 2024
Annual - Interest
Interest 3.04 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 14.29% vs -53.33% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 2.33%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has fallen from Dec 2024






