Business Review

YOHO Group announced its FY24/25 interim results on 28 November 2024. During the Reporting Period, Hong Kong’s economic landscape faced significant strains due to a rise in outbound travel, a strong local currency, and shifting consumer habits among locals and tourists, severely hitting the retail sector.

Amidst these adverse macroeconomic conditions, the Group's GMV and revenue for 1H24/25 recorded a slight period-on-period decrease of 0.6% and 2.3% to approximately HK$432 million and HK$387 million, respectively. However, thanks to the flexible cost structure of its OMO model, a diversified product portfolio of approximately 100,000 SKUs, and agile strategic responses, the Group's operational performance continued to outpace the broader retail market during the Reporting Period. Simultaneously, the Group increased its gross profit margin to 15.2% through favorable procurement strategies. Its prudent focus on cost optimization also resulted in an increase in net profit of approximately 8.5% to HK$11.2 million, while adjusted net profit increased by approximately 12.5% to approximately HK$11.8 million.
 
In terms of operational data, the number of registered members of the Group as of 30 September 2024 exceeded 1.17 million. During the Reporting Period, the number of orders intake reached approx. 224,000, with an industry-leading basket value of HK$1,927, reflecting the Group’s sustained enhancement of core competitiveness.

Considering the ongoing volatility and weak performance of the Hong Kong stock market, to safeguard shareholder interests, the Group continued its share repurchase program during the Reporting Period, acquiring approximately 2.39 million shares. After a comprehensive assessment of the Group's solid financial foundation and future capital requirements, the Board has recommended an interim dividend of HK$0.015 per share to provide stable returns to shareholders.