Kelfred FY26 H1 net loss more than doubled to HK$12.08 million; revenue falls 9.5% to HK$219.6 million

• Kelfred posted a net loss of HK$12.08 million, widening from HK$4.72 million a year earlier.
• Revenue fell 9.5% to HK$219.6 million, hit by a lower average selling price amid competitive conditions.
• Gross profit slid to HK$23 million; gross margin narrowed 2.4 percentage points to 10.5% on RMB appreciation and pricing pressure.
• Operating loss widened to HK$10.98 million as selling and distribution costs climbed to HK$10.19 million on higher advertising and promotion.
• Thailand production base is expected to be ready in the second half of 2026; Europe demand remained pressured, with trade frictions a risk.

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. Kelfred Holdings 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-20260831-12307977), on August 31, 2026, and is solely responsible for the information contained therein.