Man Wah Holdings Reports Revenue Decline Amid Global Market Challenges

Man Wah Holdings ( (MAWHF) ) has released its Q4 earnings. Here is a breakdown of the information Man Wah Holdings presented to its investors.

Man Wah Holdings Limited, a Bermuda-incorporated investment holding company, is a prominent player in the global furniture industry, particularly known for its manufacturing and distribution of sofas and ancillary products. The company is listed on the Hong Kong Stock Exchange and has a significant presence in both domestic and international markets.

In its latest earnings report for the fiscal year ending March 31, 2025, Man Wah Holdings reported a revenue of HK$16.9 billion, marking an 8.2% decrease from the previous year. Despite this decline, the company managed to increase its gross profit margin to 40.5% from 39.4% the previous year. The profit attributable to the company’s owners was HK$2.06 billion, a 10.4% decrease year-on-year, primarily due to impairments and fair value losses.

Key financial highlights include a notable performance in overseas markets, particularly in North America and Europe, where the company saw revenue growth. The North American market contributed HK$4.42 billion, a 3.2% increase, while European and other overseas markets saw a 22.9% increase in revenue. However, the domestic market in China faced challenges, with a 17.2% revenue decline due to weak consumer confidence and intensified competition.

Looking ahead, Man Wah Holdings plans to capitalize on domestic demand expansion policies in China and continue strengthening its market position in North America and Europe. The company aims to enhance its brand presence and product offerings while optimizing its sales channels to capture growth opportunities in both established and emerging markets.