GIORDANO INT'L (00709) achieved a significant increase of 5.2% in sales revenue in the first quarter calculated at a fixed exchange rate.

GIORDANO INT'L (00709) announces that in the first quarter, the group's sales increased significantly by 5.2% calculated at fixed exchange rates, showing strong resilience despite unfavorable exchange rate effects, with overall growth reaching 3.7%. Apart from Southeast Asia, all major markets showed positive performances, with the Gulf Cooperation Council region achieving a significant 15% year-on-year growth, partly due to the time difference during Ramadan. The Southeast Asia region faced challenges due to underperformance of the NNS brand in Indonesia, and the group is actively streamlining operations to address these issues. The group's online business performed well, with an increase of 18.4%, primarily benefiting from system improvements in mainland China. The group will take further steps to enhance its global e-commerce capabilities, aligning with the digitization strategy focus outlined in the "Beyond Boundaries" five-year strategic plan. Wholesale revenue saw a significant increase of 23.6%, driven by strong sales growth in the group's franchise markets, especially in the Philippines and Myanmar. As previously stated in the 2024 full-year performance, the group's goal remains to achieve a revenue growth of 3% to 5%. However, recent global trade uncertainties and financial market fluctuations, as well as macroeconomic and geopolitical tensions, may adversely affect consumer demand. Management is committed to prudent planning and strategic measures under the "Beyond Boundaries" five-year strategic plan to address and manage these challenges. The group's performance reflects its focus and investment in promoting revenue growth, embracing digital transformation, and achieving operational efficiency. The group is prepared to realize its long-term aspirations and maintain its competitive advantage in the market.