KEEN OCEAN (08070) announces a net profit of approximately HK$38.92 million for the year 2025, representing an increase of approximately 121.8% year-on-year.

KEEN OCEAN (08070) announced that the group is expected to achieve a profit of approximately HK$385 million for the year ending December 31, 2025 (2025 financial year), an increase of approximately 34.1% from the profit of approximately HK$287 million for the year ending December 31, 2024 (2024 financial year); it is expected to achieve a gross profit margin of approximately 22.5% for the 2025 financial year, an increase of approximately 2.9% from the gross profit margin of approximately 19.6% for the 2024 financial year; and it is expected to achieve a net profit of approximately HK$38.92 million for the 2025 financial year, an increase of approximately 121.8% from the net profit of HK$17.55 million for the 2024 financial year. The board of directors believes that the expected increase in profit for the 2025 financial year is mainly driven by rising customer demand. The expected increase in gross profit margin is due to a shift in product mix towards higher-margin products. The expected increase in net profit is mainly attributed to an increase in sales volume and a shift in product mix towards higher-margin products.