GIORDANO INT'L (00709) announced its interim results, with a profit attributable to shareholders of HKD 108 million, a year-on-year decrease of 10.74%. It plans to distribute an interim dividend of HKD 0.067 per share.

GIORDANO INT'L (00709) announced its results for the six months ending June 30, 2026, during which the group achieved revenue of HKD 1.914 billion, a year-on-year decrease of 1.03%; profit attributable to shareholders was HKD 108 million, a year-on-year decrease of 10.74%; basic earnings per share were HKD 0.067, with a proposed interim dividend of HKD 0.067 per share. Despite facing a challenging macro environment and geopolitical uncertainties, the group still demonstrated solid mid-term performance. Revenue slightly declined by 1.0%, primarily concentrated in the Gulf Cooperation Council (GCC), the group's largest global market, which encountered headwinds since March due to the ongoing crisis in the Middle East. Excluding the GCC market, the group's core revenue grew by 0.4% year-on-year, highlighting the resilience of core market demand and effective business execution. The group's e-commerce business improved by 12.5% in the first half of 2026, reflecting the successful execution of the group's "digital-first" strategy. Notably, the GCC and Mainland China grew by 33.3% and 11.9% year-on-year, respectively. The group intentionally slowed down wholesale trends, reflecting a reduction in shipments to South Korea due to inventory reallocation from its joint venture, in which it holds a 48.5% stake, while continuously optimizing its network in Mainland China (including selected franchise stores). These measures were deliberately taken to maintain channel health and support sustainable growth. Consequently, retail sales grew by 0.5% year-on-year; excluding the impact of the Middle East conflict on the GCC, the growth would be 2.9%. Overall, the first half showcased the group's flexibility and diversification, establishing a solid foundation for accelerating growth as regional conditions normalize.