VTECH HOLDINGS (00303) Announces Interim Results: Profit Attributable to Shareholders Down 12.9% to US$65.1 Million, Dividend of 17 US Cents per Share

VTECH HOLDINGS (00303) announced its interim results for the six months ended September 30, 2026. Revenue increased 5.6% year-on-year to US$1.047 billion, profit attributable to shareholders of the company fell 12.9% to US$65.1 million, earnings per share were 25.7 US cents, and the interim dividend was 17.0 US cents per share. The announcement stated that the decline in profit was due to an increase in cost of sales, which led to a decline in the group's gross profit. During the period, material costs, direct labor costs, production expenses and freight costs increased. An increase in the group's effective income tax rate also led to the decline in profit. The above factors offset the positive impact of lower tariffs on the group's products exported to the United States.