China Duty Free: Revenue of 53.69B yuan in 2025, compared to 56.47B yuan in the same period last year.

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China Duty Free (China) announcement on the Hong Kong Stock Exchange: 2025 revenue was 53.69B yuan, compared with 56.47B yuan in the same period last year; the total equity attributable to the equity holders of the Group increased by 0.78% from RMB 54.97B as of December 31, 2024 to RMB 55.4B as of December 31, 2025, mainly due to the Group’s operating profit during the reporting period. The Group’s profit decreased by 23.75% from RMB 4.92B for the year ended December 31, 2024 to RMB 3.75 billion for the year ended December 31, 2025. This was mainly attributable to a decrease in sales revenue and other income, and an increase in expenses such as administrative expenses and research and development expenses during the reporting period.

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