Tak Lee Machinery (02102) releases annual performance with a net profit attributable to shareholders of HK$ 2816.3 million, a year-on-year increase of 297.45%.

TAK LEE MACH (02102) announced its financial results for the year ending on July 31, 2025, achieving a revenue of HK$331 million, a year-on-year increase of 18.37%. The company's attributable net profit for the year was HK$28.163 million, a year-on-year increase of 297.45%. Basic earnings per share were HK$0.282, with a final dividend of HK$0.035 per share. The increase in net profit was mainly attributed to the growth in heavy equipment sales and leasing business, benefiting from the demand driven by various development projects, railway projects, and landfill expansion projects implemented by the Hong Kong government. The decrease in trade and leasing receivables and improvement in collection rates for the year ending on July 31, 2025, resulted in the reversal of expected credit loss provisions for trade and leasing receivables (in 2024: expected credit loss provisions were approximately HK$3.2 million, mainly due to economic conditions and payment history of customers, increasing credit risk, and expected default risks).