Analogue Holdings 1977.HK · HKD

Industrials · HKEX · 🇭🇰 Hong Kong

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0.90

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Close of 9 Nov 2026, in HKD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in HKD, from our data supplier.

FY2025

Revenue

HK$6.09bn

FY2016FY2025

Net income

HK$167.0m

FY2016FY2025

Free cash flow

HK$388.3m

FY2016FY2025

Shareholders' equity

HK$2.32bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	HK$6.09bn	HK$6.45bn	HK$6.13bn	HK$6.47bn	HK$5.35bn	HK$5.13bn	HK$4.48bn	HK$5.97bn	HK$4.97bn	HK$4.41bn
Gross profit	HK$997.8m	HK$1.00bn	HK$833.3m	HK$1.01bn	HK$878.4m	HK$909.1m	HK$813.1m	HK$888.4m	HK$923.4m	HK$549.6m
Operating income	HK$257.9m	HK$205.1m	HK$132.9m	HK$323.1m	HK$282.5m	HK$309.4m	HK$267.8m	HK$398.9m	HK$508.4m	HK$164.4m
Net income	HK$167.0m	HK$135.3m	HK$251.5m	HK$114.6m	HK$314.3m	HK$301.4m	HK$245.0m	HK$315.3m	HK$433.6m	HK$120.8m
Diluted earnings per share	0.12	0.10	0.18	0.08	0.22	0.22	0.18	0.30	0.31	0.09

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	HK$5.16bn	HK$5.20bn	HK$5.14bn	HK$4.81bn	HK$4.45bn	HK$3.87bn	HK$3.42bn	HK$3.05bn	HK$3.46bn	HK$3.10bn
Cash and short-term investments	HK$1.04bn	HK$1.04bn	HK$1.04bn	HK$1.00bn	HK$819.9m	HK$1.13bn	HK$703.8m	HK$587.2m	HK$559.2m	HK$427.0m
Total liabilities	HK$2.85bn	HK$3.00bn	HK$3.01bn	HK$2.75bn	HK$2.32bn	HK$1.90bn	HK$1.66bn	HK$1.85bn	HK$1.61bn	HK$1.54bn
Debt	HK$282.8m	HK$608.2m	HK$366.3m	HK$362.4m	HK$369.9m	HK$70.9m	HK$34.1m	—	HK$51.2m	HK$63.6m
Shareholders' equity	HK$2.32bn	HK$2.19bn	HK$2.13bn	HK$2.06bn	HK$2.13bn	HK$1.97bn	HK$1.76bn	HK$1.21bn	HK$1.85bn	HK$1.56bn
Shares outstanding	1,399m	1,387m	1,391m	1,396m	1,400m	1,400m	1,400m	1,050m	1,400m	1,400m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	HK$419.9m	HK$146.1m	HK$177.6m	HK$441.7m	HK$226.8m	HK$435.6m	HK$17.7m	HK$595.6m	HK$380.4m	−HK$10.5m
Capital spending	−HK$31.6m	−HK$155.3m	−HK$120.5m	−HK$26.5m	−HK$51.9m	−HK$16.0m	−HK$22.4m	−HK$22.5m	−HK$10.7m	−HK$17.7m
Free cash flow	HK$388.3m	−HK$9.3m	HK$57.0m	HK$415.2m	HK$174.8m	HK$419.6m	−HK$4.7m	HK$573.2m	HK$369.7m	−HK$28.2m
Dividends paid	−HK$64.3m	−HK$46.9m	−HK$181.4m	−HK$160.0m	−HK$154.3m	−HK$124.5m	−HK$153.9m	−HK$400.0m	−HK$200.0m	−HK$200.0m

Latest quarters

By quarter end

	Jun 2026	Dec 2025	Jun 2025	Dec 2024	Jun 2024	Dec 2023	Jun 2023	Dec 2022
Revenue	HK$3.04bn	HK$3.21bn	HK$2.87bn	HK$3.18bn	HK$3.27bn	HK$3.29bn	HK$2.84bn	HK$3.45bn
Gross profit	HK$387.8m	HK$513.5m	HK$484.3m	HK$524.6m	HK$477.7m	HK$379.5m	HK$453.8m	HK$554.0m
Operating income	HK$70.7m	HK$139.5m	HK$118.3m	HK$83.3m	HK$117.9m	HK$6.8m	HK$123.4m	HK$204.6m
Net income	HK$152.0m	HK$86.2m	HK$80.8m	HK$52.9m	HK$82.4m	HK$14.0m	HK$237.5m	HK$55.4m
Diluted earnings per share	0.11	0.06	0.06	0.04	0.06	0.01	0.17	0.04
Cash from operations	—	HK$142.0m	HK$273.0m	−HK$65.0m	HK$210.0m	HK$249.0m	−HK$66.0m	HK$41.0m
Capital spending	—	−HK$17.0m	−HK$13.0m	−HK$35.0m	−HK$118.0m	−HK$97.0m	−HK$23.0m	−HK$17.0m
Free cash flow	—	HK$125.0m	HK$260.0m	−HK$100.0m	HK$92.0m	HK$152.0m	−HK$89.0m	HK$24.0m
Total assets	HK$5.21bn	HK$5.16bn	HK$5.26bn	HK$5.20bn	HK$5.35bn	HK$5.14bn	HK$4.73bn	HK$4.81bn
Cash and short-term investments	HK$1.22bn	HK$1.04bn	HK$1.14bn	HK$1.04bn	HK$1.15bn	HK$924.8m	HK$860.9m	HK$1.00bn
Debt	HK$38.5m	HK$282.8m	HK$508.6m	HK$608.2m	HK$566.1m	HK$366.3m	HK$321.0m	HK$362.4m
Shareholders' equity	HK$2.46bn	HK$2.32bn	HK$2.26bn	HK$2.19bn	HK$2.18bn	HK$2.13bn	HK$2.22bn	HK$2.06bn

Financial ratios

Data as of 3 Nov 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	16.4%	15.5%	13.6%	15.6%	16.4%	17.7%
Operating margin	4.2%	3.1%	4.6%	5.0%	7.2%	6.8%
Net margin	2.7%	2.1%	4.1%	1.8%	5.9%	5.9%
Return on equity	7.2%	6.2%	11.8%	5.6%	14.8%	15.3%
Return on assets	3.2%	2.6%	4.9%	2.4%	7.1%	7.8%
Free cash flow yield	35.3%	23.7%	23.4%	36.7%	21.8%	35.3%
Revenue growth	-5.6%	5.2%	-5.3%	21.0%	4.4%	14.4%
Earnings growth	23.5%	-46.2%	119.5%	-63.6%	4.3%	23.0%
Current ratio	1.45x	1.41x	1.36x	1.46x	1.56x	1.76x
Debt to equity	0.11x	0.27x	0.17x	0.15x	0.15x	0.01x
Equity ratio	45.0%	42.2%	41.4%	42.9%	47.9%	51.0%
Interest coverage	15.16x	10.81x	16.55x	26.71x	78.11x	93.32x
Buybacks as a share of market value	-0.9%	0.3%	0.3%	0.3%	0.0%	0.0%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	-2.0%	3.5%	3.1%
Operating income	-7.2%	-3.6%	-1.5%
Net income	13.4%	-11.1%	-5.0%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	16.0%	15.3%	15.8%	16.0%
Operating margin	3.7%	3.7%	4.2%	5.3%
Net margin	2.4%	2.7%	3.6%	4.5%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Price to earnings	7.7	9.1	5.6	14.6	7.9	5.8	5.7
Price to sales	0.2	0.2	0.2	0.3	0.5	0.3	0.3

Dividends and splits

Per share, in the currency the company pays

Paid for 7 years. Last went ex-dividend on 11 Sept 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Paid in the year	0.078	0.046	0.034	0.13	0.115	0.11	0.089	0.039

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Analogue Holdings 1977.HK · HKD

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology