China Tourism Group Duty Free Corp. Ltd. Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Million

Consolidate Quarterly Results

Dec'25

Sep'25

Jun'25

Mar'25

Dec'24

Sep'24

Jun'24

Net Sales

15,172.00

12,797.04

12,305.47

17,904.47

14,548.86

12,791.81

13,448.34

Other Operating Income

0.00

Total Operating income

15,172.00

12,797.04

12,305.47

17,904.47

14,548.86

12,791.81

13,448.34

Raw Material Cost

10,449.51

9,035.42

8,651.61

12,336.35

10,778.16

9,077.68

9,235.97

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

45.66

53.10

26.07

68.45

57.49

55.97

30.61

Selling and Distribution Expenses

3,080.58

2,568.04

2,356.63

2,465.54

2,688.66

2,481.93

2,558.14

Other Expenses

-2.12

0.23

-5.54

-4.54

-4.75

-3.00

Total Expenditure (Excl Depreciation)

13,554.54

11,635.39

11,036.61

14,814.90

13,478.87

11,568.13

11,794.71

Operating Profit (PBDIT) excl Other Income

1617.5

1161.7

1268.9

3089.6

1070

1223.7

1653.6000000000001

Other Income

358.62

188.45

372.17

288.51

478.92

259.61

500.05

Operating Profit (PBDIT)

1,768.98

1,248.96

1,636.90

3,159.98

1,320.10

1,533.33

2,131.79

Interest

45.66

53.10

26.07

68.45

57.49

55.97

30.61

Exceptional Items

-370.60

0.00

Gross Profit (PBDT)

4,722.49

3,761.63

3,653.87

5,568.12

3,770.71

3,714.13

4,212.37

Depreciation

336.49

335.20

377.88

374.45

477.41

480.37

356.04

Profit Before Tax

1,016.22

860.66

1,232.95

2,717.08

785.21

996.99

1,745.15

Tax

727.94

215.44

317.70

494.68

161.96

269.99

446.31

Provisions and contingencies

0.00

Profit After Tax

585.99

494.13

714.18

2,071.91

376.14

692.50

1,054.08

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

585.99

494.13

714.18

2,071.91

376.14

692.50

1,054.08

Share in Profit of Associates

0.00

Minority Interest

-338.25

114.89

203.57

126.09

220.13

30.10

254.13

Other related items

0.00

Consolidated Net Profit

247.74

609.02

917.75

2,198.00

596.27

722.60

1,308.21

Equity Capital

0.00

Face Value

1.11

1.09

1.1

1.07

1.06

1.11

1.07

Reserves

61,782.44

60,851.05

60,471.54

61,120.16

58,634.58

60,039.58

57,839.87

Earnings per share (EPS)

0.28

0.24

0.35

1.0

0.18

0.33

0.51

Diluted Earnings per share

0.28

0.24

0.35

1.0

0.18

0.33

0.51

Operating Profit Margin (Excl OI)

7.08%

5.67%

7.21%

13.95%

2.5%

6.2%

9.49%

Gross Profit Margin

8.92%

9.34%

13.09%

17.27%

8.68%

11.55%

15.62%

PAT Margin

3.86%

5.8%

11.57%

2.59%

5.41%

7.84%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Dec 2025 is 18.56% vs 3.99% in Sep 2025

Consolidate Net Profit

QoQ Growth in quarter ended Dec 2025 is -59.33% vs -33.65% in Sep 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Dec 2025 is 32.99% vs -16.15% in Sep 2025

Interest

QoQ Growth in quarter ended Dec 2025 is -13.94% vs 103.45% in Sep 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Dec 2025 has improved from Sep 2025

Compare Quarterly Results Of China Tourism Group Duty Free Corp. Ltd. With

Select Peers

Figures in Million

Consolidate Quarterly Results

Change(HKD)

Change(%)

Net Sales

15,172.00

Other Operating Income

0.00

Total Operating income

15,172.00

Raw Material Cost

10,449.51

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

45.66

Selling and Distribution Expenses

3,080.58

Other Expenses

-2.12

0.00

-2.12

Total Expenditure (Excl Depreciation)

13,554.54

Operating Profit (PBDIT) excl Other Income

1,617.46

0.00

1,617.46

Other Income

358.62

Operating Profit (PBDIT)

1,768.98

Interest

45.66

Exceptional Items

-370.60

Gross Profit (PBDT)

4,722.49

Depreciation

336.49

Profit Before Tax

1,016.22

Tax

727.94

Provisions and contingencies

0.00

Profit After Tax

585.99

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

585.99

Share in Profit of Associates

0.00

Minority Interest

-338.25

Other related items

0.00

Consolidated Net Profit

247.74

Equity Capital

0.00

Face Value

1.11

0.00

Reserves

61,782.44

Earnings per share (EPS)

0.28

Diluted Earnings per share

0.28

Operating Profit Margin (Excl OI)

7.08%

0.00

7.08%

Gross Profit Margin

8.92%

0.00

8.92%

PAT Margin

3.86%

0.00

3.86%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Quarterly - Net Sales

Net Sales 1,517.20 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 18.56% vs 3.99% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 4.28% vs -19.41% in Dec 2024

Quarterly - Consolidate Net Profit

Consolidate Net Profit 24.77 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -59.33% vs -33.65% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -58.46% vs -70.07% in Dec 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 141.04 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is 32.99% vs -16.15% in Sep 2025

YoY Growth in quarter ended Dec 2025 is 67.67% vs -59.20% in Dec 2024

Quarterly - Interest

Interest 4.57 Million

in Dec 2025

Figures in Million

QoQ Growth in quarter ended Dec 2025 is -13.94% vs 103.45% in Sep 2025

YoY Growth in quarter ended Dec 2025 is -20.52% vs -42.56% in Dec 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 7.08%

in Dec 2025

Figures in %

QoQ Growth in quarter ended Dec 2025 has improved from Sep 2025

YoY Growth in quarter ended Dec 2025 has improved from Dec 2024