YESASIA HLDGS (02209) Q3 operating profit at US$10 million, up 56.3% year-on-year

YESASIA HLDGS (02209) announced that in the third quarter of 2026, the Group's total order value across the YesStyle platform and ABW online and offline channels was US$157.5 million, up 24.9% year-on-year; operating profit was US$10 million, up 56.3% year-on-year. The expected increase in operating profit was primarily attributable to the combined effect of the following: (i) an increase in gross profit driven by a higher proportion of higher-margin products sold in the Group's offline business; (ii) a one-off refund of accrued benefits available to employers in respect of mandatory provident fund contributions obtained as a result of organizational streamlining arrangements, as well as government subsidies received to offset long service payments; and (iii) a decrease in share option expenses compared with the same period last year.