Hong Kong Television Network ( (HKTVY) ) has released its Q2 earnings. Here is a breakdown of the information Hong Kong Television Network presented to its investors.
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Hong Kong Television Network (HKTV), a prominent player in Hong Kong’s e-commerce sector, operates the HKTVmall platform, offering a wide range of products and services, including third-party logistics and innovative ventures like Wet Market Express.
In its latest earnings report for the first half of 2025, HKTV faced a challenging retail environment in Hong Kong but managed to improve its adjusted EBITDA to HK$161.4 million, up from HK$133.8 million in the previous year. Despite a slight decrease in gross merchandise value (GMV) on order intake, the company reported a net loss of HK$23.2 million, an improvement from the previous year’s HK$27.5 million loss.
Key financial highlights include a stable gross profit margin of 23.9% and a blended commission rate for its e-commerce business. The company’s new ventures, such as Wet Market Express, showed significant growth with a 51.1% increase in GMV, although they still contributed to an adjusted EBITDA loss. HKTV also launched initiatives like ‘Shipped from Mainland’ and the CASHBACK program to expand its product offerings and enhance customer engagement.
Looking ahead, HKTV remains committed to innovation and exploring diverse approaches to maintain its leadership in the e-commerce space, despite the competitive pressures from Mainland competitors and changing consumer behaviors. The company plans to continue developing its logistics services and new ventures to drive future growth.