SMC Electric turns to loss of HK$3.34 million in 1H FY26; revenue falls 26.3% to HK$95.8 million

• SMC Electric posted a net loss attributable to shareholders of HK$ 3.34 million, swinging from profit a year earlier; EPS was HK cents -0.167.
• Revenue fell 26.3% to HK$ 95.84 million from the year-earlier period, hit by weaker demand and delayed deliveries.
• Gross profit dropped to HK$ 15.19 million from HK$ 32.73 million, with gross margin down 9.3 percentage points to 15.9%.
• Cash and bank balances declined to HK$ 52.5 million from HK$ 71 million at end-2025; the group reported no bank borrowings.
• Board declared a conditional special dividend of HK$ 0.04575 per share, payable around Sept. 14 if a 70% stake sale completes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SMC Electric Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260831-12309572), on August 31, 2026, and is solely responsible for the information contained therein.