Record First Half Performance
TTI achieved a record first half of 2025 with double-digit growth in profit and free cash flow, showcasing strong financial performance and market leadership.
Strong Revenue and Profit Growth
Revenue increased by 7.1% to USD 7.83 billion. Gross profit increased by 8% to USD 3.16 billion with margins improved by 34 basis points to 40.3%. EBIT increased by 13.3% to $709 million.
MILWAUKEE and RYOBI Growth
MILWAUKEE delivered an 11.9% sales growth globally. RYOBI achieved an 8.7% growth in local currencies, with power tools growing low-double digit and outdoor growing mid-single digit.
Dividend Increase
The Board declared an interim dividend of HKD 1.25 per share, an increase of 15.7% over last year, representing a payout ratio of 46.9%.
Robust Free Cash Flow
Positive free cash flows of USD 468 million were generated in the first half of 2025. TTI projects positive free cash flow for the full year.