Financial Highlights:

(25 June 2026) ──The board of directors (the “Board”) of Luk Fook Holdings (International) Limited (the “Company”) (Stock Code: 0590) is pleased to announce the annual results of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 March 2026 (“FY2026” or the “Year under review”). Benefitting from robust demand for gold products, and effective product differentiation and sales and marketing strategies, sales of fixed price jewellery products surged 50.5%, driving the Group’s total revenue up 29.0% year-on-year to HK$17,205,242,000 (2025: HK$13,341,295,000) for the Year under review. Furthermore, driven by the uptrend in gold prices and a higher sales mix of fixed price jewellery products, which carry higher gross margins, the Group’s overall gross profit margin rose by 3.6 p.p. to 36.7% (2025: 33.1%), setting a new record. Gross profit also accordingly increased by 42.9% to HK$6,310,073,000 (2025: HK$4,417,006,000), setting another record. Moreover, benefitting from operating leverage, operating margin expanded by 4.8 p.p. to 15.4%, with operating profit for the year rising significantly by 87.5% to HK$2,648,054,000 (2025: HK$1,412,051,000), both at record high levels. As a result, the Group’s profit for the year climbed to its highest level on record, increasing by 88.7% to HK$2,015,401,000 (2025: HK$1,067,858,000). The net profit margin rose by 3.7 p.p. to 11.7% (2025: 8.0%). Moreover, the profit attributable to equity holders of the Group increased by 86.0% to HK$2,045,791,000 (2025: HK$1,099,864,000), also hitting a new peak. Accordingly, the basic earnings per share increased by 86.1% to HK$3.48 (2025: HK$1.87).

The Board proposed a final dividend of HK$1.02 per ordinary share for the year ended 31 March 2026 (2025: final dividend of HK$0.55 per ordinary share). Taking into account of the interim dividend paid, the total dividend for the year would amount to HK$1.57 per ordinary share.

Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group said, “Over the past year, escalating geopolitical risks have further clouded the macroeconomic outlook and heightened gold price volatility. Nevertheless, through flexible operation strategies and prudent financial management, the Group delivered a markedly stronger performance in the second half of the fiscal year compared to the first half across global markets, achieving record highs in several key profitability indicators and demonstrating robust resilience and growth momentum. Benefitted from sustained robust demand for gold products and the Group’s effective product differentiation and sales and marketing strategies, sales of fixed price jewellery products recorded significant growth, driving gross profit margin and gross profit to new highs. Furthermore, with the enhanced operating leverage, both operating profit and profit for the year reached new peaks, while profit attributable to equity holders also attained a new record high, underscoring the Group’s ability to achieve outstanding results even in a challenging market environment.”

Throughout FY2026, retailing business was the main source of revenue of the Group. Benefitting from strong sales in Hong Kong, China[1] and Macao, China[2] markets in the second half of the financial year, the Group’s retailing revenue increased by 21.0% to HK$13,343,197,000 (2025: HK$11,031,223,000), accounting for 77.6% (2025: 82.7%) of the Group’s total revenue. Its segment profit increased by 79.0% to HK$1,837,047,000 (2025: HK$1,026,406,000), accounting for 61.2% (2025: 61.6%) of the total and its segment profit margin was 13.8% (2025: 9.3%). As a result of the Group’s efforts to broaden the product categories of its wholesaling business and the strong sales performance of new products underpinned by a successful product differentiation strategy, the Group’s wholesaling revenue increased significantly by 103.7% to HK$2,865,144,000 (2025: HK$1,406,264,000), accounting for 16.6% (2025: 10.5%) of the Group’s total revenue. Its segment profit was HK$489,518,000 (2025: HK$14,053,000), accounting for 16.3% (2025: 0.8%) of the total, and its segment profit margin was 17.1% (2025: 1.0%). As the segment profit of wholesaling business included profits from inter-segment sales to self-operated shops, if including inter-segment sales in the denominator, its segment profit margin would be 8.5% (2025: 0.4%). During the Year under review, with improved sales performance in Chinese Mainland[3], the licensing income increased by 10.3% to HK$996,901,000 (2025: HK$903,808,000), accounting for 5.8% (2025: 6.8%) of the Group’s total revenue. Its segment profit margin was 67.8% (2025: 69.2%), while its segment profit increased by 7.9% to HK$675,464,000 (2025: HK$625,762,000), accounting for 22.5% (2025: 37.6%) of the total.

During the Year under review, although the average international gold price in USD per ounce increased by over 50% year-on-year, consumers have gradually adapted to the high gold price, and therefore did not have a significantly negative impact on demand for gold jewellery. Sales of gold and platinum products therefore increased by 22.1% to HK$10,769,106,000 (2025: HK$8,822,535,000), accounting for 66.4% (2025: 70.9%) of the overall sales amount (revenue of the Group minus licensing income). Its gross margin increased by 6.2 p.p. to 32.6% (2025: 26.4%) because of the rise in gold prices. Gross profit of gold and platinum products therefore increased by 50.8% to HK$3,505,814,000 (2025: HK$2,325,224,000), accounting for 62.6% (2025: 62.0%) of the overall gross profit (consolidated gross profit of the Group minus gross profit of licensing income). In addition, through effective product differentiation and sales and marketing strategies, the sales of fixed price jewellery products increased significantly by 50.5% to HK$5,439,235,000 (2025: HK$3,614,952,000), accounting for 33.6% (2025: 29.1%) of the overall sales amount (Group revenue minus licensing income). Nevertheless, as the mix of wholesaling revenue within fixed price jewellery products (which has a lower gross margin than retailing revenue) increased by approximately 13.8 p.p. to 41.3%, gross margin of fixed price jewellery products decreased by 1.0 p.p. to 38.4% (2025: 39.4%). Its gross profit increased by 46.9% to HK$2,091,241,000 (2025: HK$1,423,792,000), accounting for 37.4% (2025: 38.0%) of the overall gross profit (consolidated gross profit of the Group minus gross profit of licensing income).

The Group actively optimised its geographical layout and continuously advanced its product differentiation strategy, driving strong growth momentum across the Hong Kong, Macao, Mainland, and overseas markets, while delivering stellar performance across all products. During the Year under review, the overall Same store sales[4] of the Group was +17.9% (2025: -25.1%). The SSS for gold and platinum products was +18.4% (2025: -28.5%) and +16.7% (2025: -14.1%) for fixed price jewellery products. Revenue from the Hong Kong, Macao and overseas market increased by 21.2% to HK$9,780,750,000 (2025: HK$8,067,968,000) during the Year under review, accounting for 56.8% (2025: 60.5%) of the Group’s total. Its segment profit increased by 91.3% to HK$2,082,324,000 (2025: HK$1,088,768,000), accounting for 69.4% (2025: 65.3%) of the Group’s total. Its segment profit margin was 21.3% (2025: 13.5%). The overall SSS in the Hong Kong, Macao and overseas market was +19.6% (2025: -26.2%), while its SSS for gold and platinum products was +20.8% (2025: -30.1%) and +16.5% (2025:  -14.1%) for fixed price jewellery products. Revenue from the Mainland market increased by 40.8% to HK$7,424,492,000 (2025: HK$5,273,327,000), accounting for 43.2% (2025: 39.5%) of the Group’s total revenue. Its segment profit increased by 59.3% to HK$919,705,000 (2025: HK$577,453,000), accounting for 30.6% (2025: 34.7%) of the Group’s total. Its segment profit margin was 12.4% (2025: 11.0%). The overall SSS in Mainland was +4.9% (2025: -11.9%), with the SSS for gold and platinum products at +3.1% (2025: -11.5%) and +15.9% (2025: -14.0%) for fixed price jewellery products.

Under its multi-brand strategy, the Group operates a total of 2 brands and 4 sub-brands/product lines. As at 31 March 2026, the Group had a global network of 3,005 shops (2025: 3,287 shops), including 2,524 “Lukfook Jewellery” shops (2025: 2,805 shops), with business spanning across Hong Kong, Macao, Mainland, the United States, Canada, Australia, Malaysia, Cambodia, the Philippines, Laos, Thailand, and Vietnam. In addition, the Group had 260 “3DG Jewellery” shops (2025: 239 shops) in Hong Kong, Mainland and Thailand; 38 “Lukfook Joaillerie” shops (2025: 39 shops) in Macao, Mainland, Malaysia and the United States; 16 “Goldstyle” shops (2025: 27 shops) in Mainland; 152 “Heirloom Fortune” shops (2025: 160 shops) in Hong Kong, Macao and Mainland, and 15 “Love LUKFOOK JEWELLERY” shops in Mainland and Thailand (2025: 17 shops).

Mr. Wong Wai Sheung, Chairman and Chief Executive Officer of the Group concluded, “Although gold prices have been volatile and pulled back after reaching new highs in January, consumers have gradually adapted to the high gold price environment, and this did not have a significant impact on sales. Following the implementation of the new gold value-added tax policy in Mainland, the price differential between the Hong Kong and Macao market and the Mainland market has widened, attracting more consumers to purchase gold jewellery in Hong Kong and Macao, which has been favourable to retail performance in those markets. Accordingly, even on a higher comparative base, the Group’s overall SSS has maintained strong momentum during the period from 1 April to 21 June 2026, with SSS for the Hong Kong, Macao and overseas market recording an over 40% increase and overall same store sales growth for the Mainland market (including self-operated shops and licensed shops) was over 20%. Geopolitical risks remain elevated and there are no clear signs of improvement in the Mainland macroeconomic environment. Nevertheless, the Mainland government is making concerted efforts to stimulate domestic consumption and has introduced various policies to support the property and capital markets. The Group therefore remains cautiously optimistic about its medium-to-long-term business prospects in Mainland and will continue to expand in Mainland market at appropriate junctures. In addition, the Group sees significant development potential in overseas markets and will allocate more resources to actively expand its overseas presence. The Group has achieved its full-year target of a net increase of 20 overseas shops in FY2026 and will accelerate its overseas expansion in the year ahead, targeting entry into at least 2 new countries or regions and a net increase of 30 overseas shops in FY2026/27. In light of the above, the Group targets to continue to deliver double-digit growth in FY2026/27 while further advancing its brand internationalisation, with the long-term vision of developing into a Chinese premium luxury brand with international influence.”

~End~

[1] Hong Kong, China: hereafter referred to as “Hong Kong”

[2] Macao, China: hereafter referred to as “Macao”

[3] Chinese Mainland: hereafter referred to as “Mainland”

[4] Same store sales (“SSS”) represented a comparison of sales of the same self-operated shop having full day operations in the comparable periods and such data did not include sales of licensed shops and Mainland’s e-commerce business