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Raytech Holding Limited Announces First Half Fiscal Year 2026 Financial Results

globenewswire.com
RAY While revenue decreased due to tariffs, the company improved net and gross profit margins and maintained strong cash reserves. Management expresses confidence in resilience and future growth opportunities, including U.S. market expansion.

HONG KONG, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Raytech Holding Limited (NASDAQ: RAY) ("Raytech", "We", "Our" or the "Company"), a Hong Kong-based company specializing in design, sourcing, and wholesale of personal care electrical appliances for international brand owners, today announced financial results for the first half of fiscal year 2026 (six months ended September 30, 2025).

Raytech delivered solid first half fiscal year 2026 results, maintaining strong profitability with net income of HK$4.7 million (US$610,454) and an improved net margin of 12.6%, compared to 10.8% in the prior year period. The Company continues to demonstrate exceptional balance sheet strength, recording cash and cash equivalents of HK$121.5 million (US$15.6 million), representing a significant increase of 43.2% from HK$84.9 million as of March 31, 2025. Revenue for the period was HK$37.6 million (US$4.8 million), reflecting a 13.1% decrease from HK$43.2 million in the prior year period, primarily attributable to the imposition of tariffs in early 2025 which created instability in the global trading environment.

Management Commentary

Mr. Ching Tim Hoi, CEO and Chairman of Raytech, said: "The first half of fiscal year 2026 demonstrates our resilience and operational excellence despite challenging global trade conditions. While revenue was impacted by tariff-related market instability, we successfully improved our profitability metrics, with our net margin increasing to 12.6% from 10.8% in the prior year period. Our gross profit margin improved significantly by 5.1 percentage points to 26.3%, driven by our strategic focus on higher-margin hair styling series products within our hair styling series. We continue to maintain a robust financial position with cash and cash equivalents of HK$121.5 million, providing substantial flexibility to pursue strategic growth opportunities. We remain committed to expanding our presence in the U.S., UK, Europe, Australia and regional Asian markets."

Financial Highlights

Key highlights for the six months ended September 30, 2025 compared to the six months ended September 30, 2024:

Financial Results

Revenue Performance:

Profitability and Margins:

Balance Sheet Strength:

Outlook and Strategic Priorities

Our goal is to become a leading product design and development company in the personal care and lifestyle electrical appliances industry in Asia. We intend to explore new product lines, continue expanding our men's personal care and hair care product lines, and approach customers who sell and market their personal care electrical appliances in Europe, the U.S. and regional Asia markets. Our strong cash position will support these initiatives, including the exploration of new product lines and market expansion efforts, while we continue to manage our business with financial discipline.

About Raytech Holding Limited

Raytech Holding Limited is a Hong Kong-headquartered company with over 10 years of experience in the personal care electrical appliance industry. Through its operating subsidiary in Hong Kong, it sources and wholesales a diverse range of personal care electrical appliances ranging from hair styling, tooling, trimmer, eyelash curler, to nail care and other body and facial care appliances for international brand owners, providing integrated product design, production processing, and manufacturing solutions. For more information please visit: https://ir.raytech.com.hk/.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These forward-looking statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the Company's annual report on Form 20-F filed on July 24, 2025 with the U.S. Securities and Exchange Commission (the “SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Media and Investor Relations Contact:

International Elite Capital

Annabelle Zhang

Tel: +1 (646) 866-7928

Email: annabelle@iecapitalusa.com