LEVER STYLE (01346) released its mid-year performance, with a net profit attributable to shareholders of $5.351 million, an increase of 24.32% year-on-year.

LEVER STYLE (01346) announced its interim financial results for the six months ended June 30, 2025. The group achieved revenue of USD 91.40 million, a decrease of 4.13% compared to the same period last year. The company's attributable profit to owners was USD 5.35 million, an increase of 24.32% year-on-year. Basic earnings per share were $0.85, and the proposed interim dividend is 3 Hong Kong cents per share. The increase in net profit during the period was mainly due to the following reasons: other income increased by approximately USD 600,000, as a result of increased interest income from cash on hand, demonstrating the strong cash position of the group. The group maintains sound internal controls and comprehensive insurance coverage to protect our receivables and minimize impairment losses. Through rigorous monitoring and systematic evaluation processes, our internal control mechanisms continuously and accurately assess and manage credit risks, thereby mitigating potential losses. During the period under review, impairment losses on trade receivables decreased by approximately USD 1.9 million, highlighting the effectiveness of our risk management measures. Sales and distribution expenses increased by approximately USD 1.1 million, mainly due to investments in leadership and talent pools to strengthen the supply chain in more regions, thereby enhancing our multinational production capabilities, and income tax expenses increased by approximately USD 400,000. The actual tax rate increased from approximately 14.7% in the first half of 2024 to approximately 18.0% during the period under review. Several subsidiaries had unused tax losses in the first half of 2024, which were no longer available in the first half of 2025.