Giordano International Limited · HKEX:709

Giordano International — FY2025 Earnings Presentation

45 slides from Giordano International's earnings presentation, Mar 24, 2026

  1. Slide 1: Giordano 2025 Full Year Results – Media Day

    Giordano 2025 Full Year Results – Media Day 佐丹奴2025全年業績發佈 – 媒體發佈會 24 MARCH 2026

  2. Slide 2: Beyond Boundaries Strategy 2030

    BEYOND BOUNDARIES STRATEGY 2030 To transition Giordano into a growth company 「超越界限」5年策略 轉型為一家增長型公司

  3. Slide 3: Beyond Boundaries: first year of five-year cycle

    Beyond Boundaries We were in our first year of our strategic 5 year cycle 「超越界限」五年策略週期的第一年 RESET REVITALIZE & RECONNECT 重整 RECALIBRATE 重建連繫 重振及重配 2025 2026-2027 2027+ 2024  Enhancing Fundamentals 鞏固基  Revitalize the brand portfolio A year of 本實力 重振品牌  Regain our position in  Strengthening our Go

  4. Slide 4: 2025 A Year of Reset: P&L Overview

    *Current Rate *現有匯率 2025 A Year of Reset重整之年 Laying the groundwork for sustainable growth為持續增長奠立基礎 P&L Overview – Full Year 2025 利潤及成本概覽 – 2025全年 Group Revenue Improved Gross profit Net Profit to Final 6.4 HK 本集團收入 performance in margin saw Shareholders dividend of 4 Key Strategic notable 淨溢利 末期股息 C

  5. Slide 5: Robust growth in our markets

    Robust Growth in our Markets showing results from our 2025 key initiatives 市場強勁增長，展現了我們2025年關鍵措施的成果 FY 全年 1H 上半年 2H 下半年 GCC +4.6% +1.7% +7.8% 海灣阿拉伯國家合作委員會 Singapore 新加坡 +6.7% +7.0% +6.4% Malaysia 馬來西亞 +2.5% Flat 持平 +5.3% Thailand泰國 +4.8% -0.8% +9.6% 5 *Current Rate 現有匯率

  6. Slide 6: Growth in our Digital First strategy

    Growth in our Digital First strategy 數位先導取得增長 FY全年 Mainland China 中國內地 +9% Rest of the World (Core Business) 世界其他各地(核心業務) +25% +10% 2024 vs 2025 2024 對比 2025 Rest of the World (Non-Core Business) -47% 世界其他各地(非核心業務)

  7. Slide 7: Hong Kong home market improving against declining retail

    Hong Kong, our Home Market, is improving performance against a retail environment which is declining 儘管香港零售大環境下滑，我們香港本土市場的業績正持續改善 FY全年 Q4 Giordano -1.4% +3.4% Apparel Industry* 服飾行業* -3.4% *Source: HK Census and Statistics Department *來源: 香港政府統計處

  8. Slide 8: Hong Kong / Macau

    Hong Kong / Macau 香港/澳門 +5% FY 2025 全年 +1.8% +8.1% 1H 2H 上半年 下半年

  9. Slide 9: Korea Collection success story

    Success Stories成功品牌故事 We continue to build our Korea Collection in Mainland China online and in Hong Kong 我們持續在中國內地線上和香港市場建立韓國系列 Units Sold銷售數量: 88,240 Top Seller at 89.6% STR 最暢銷商品於89.6%售罄率

  10. Slide 10: Success Stories: Minions

    Success Stories: Minions 成功故事: 迷你兵團 Minions1: May Minions 2: Sept 迷你兵團1: 5月 迷你兵團2: 9月 Units Sold銷售數量 Units Sold銷售數量 232,000 97,000 Sell through售罄率 Sell through售罄率 89.9% 61.5% GP%毛利率 GP%毛利率 67.3% 71.3%

  11. Slide 11: Success Stories: Harry Potter and Snoopy

    Success Stories 成功故事 Harry Potter: Oct Snoopy: Oct 哈利波特: 10月 史諾比: 10月 Units Sold銷售數量 Units Sold銷售數量 213,000 201,000 Sell through售罄率 Sell through售罄率 72.5% 86.8% GP%毛利率 GP%毛利率 67.5% 68.1%

  12. Slide 12: Success Stories: Liquid Touch in 2025

    Success Stories 成功故事 Liquid Touch in 2025 液氨系列2025 Units Sold銷售數量: 2,000,000 Sell Through售罄率: 74.3% GP%毛利率: 66.6%

  13. Slide 13: New Product Launch: Air Double Knit

    New Product Launch: Air Double Knit 全新產品推出: 空氣三文治 Launched in end Sept於9月底發佈 Units Sold銷售數量: 277,000 Sell Through售罄率: 60.8%

  14. Slide 14: New Product Launch: Zipped Polo

    New Product Launch: Zipped Polo 全新產品推出: 拉鏈POLO衫 Launched in Jan ’26 於2026年1月推出 Units Sold銷售數量: 12,000 GP%毛利率: 75.9%

  15. Slide 15: We launched GC in September

    We launched GC in September 我們於9月發佈GC 1.05 million UV and $2M demand sales generated 1.05百萬不重複訪客並產生了2百萬港元需求銷售額 by 15

  16. Slide 16: Overview

    Overview • Group revenue decreased by 1.7% YOY to HK$3,854 million (2024: HK$3,919 million). Excluding the impact of non-Giordano brands, core business revenues flat YOY • Gross margin -1.2pp to 55.8%  notable improvement +0.6pp in 2H  Strengthen pricing controls and advance the restructuring of o

  17. Slide 17: Revenue by market

    Revenue by market Greater China retail -1.6% • Reset initiatives for physical retail in Mainland China • Abnormally warm weather in Q4 • Online performance  nearly 10% growth YOY • Positive trend in YTD2026 Southeast Asia and Australia -5.6% • Excluding impact from non-Giordano brands, narrow down

  18. Slide 18: Revenue by channel

    Revenue by channel Offline -4.0%  Greater China: Mainly due to strategic store reset action in Mainland China by closing the underperforming store  Southeast Asia and Australia -6.0%  headwinds from non- Giordano brands in Indonesia. Excluding this impact, decline would have been -2.8%  Prioriti

  19. Slide 19: Gross profit

    Gross profit  Improvement in GP% in 2H  FY Gross profit margin narrowed to -1.2pp to 55.8% (2024: 57.0%) March 24, 2026 Giordano 2025 Annual Results Announcement 19

  20. Slide 20: Operating expense

    Operating expense  Operating expense-to-revenue ratio +2.0pp  Investment in advertising and promotions to accelerate our e-commerce growth in Mainland China  Continuing to execute the Group’s 'Beyond Boundaries' five-year strategic roadmap March 24, 2026 Giordano 2025 Annual Results Announcement

  21. Slide 21: Net profit attributable to shareholders (PATS)

    Net profit attributable to shareholders (“PATS“) 2024 2025 PATS HK$216 million HK$217 million Net Margin 5.5% 5.6% March 24, 2026 Giordano 2025 Annual Results Announcement 21

  22. Slide 22: Market update: Greater China

    Market update: Greater China Mainland China • FY revenue nearly flat • Online business +9.1% • Offline business -16.1% due to reset initiatives Hong Kong and Macau • Positive Trajectory, delivered strong growth of 21% (Oct) and 7% (Nov) • Online sales + 18.2% • FY revenue narrowed to -1.4% • Perform

  23. Slide 23: Market update: Southeast Asia and Australia

    Market update: Southeast Asia and Australia (“SEA”) SEA • FY revenue -5.6%, mainly due to headwinds from non-Giordano brands in Indonesia • Excluding impact from non-Giordano brands, narrow down to -1.8% • Online business +8.7%, excluding non-Giordano brands +41.4% • Prioritizing our core business O

  24. Slide 24: Market update: Gulf Cooperation Council

    Market update: Gulf Cooperation Council (“GCC”) (In HK$ million) 2025 2024 Revenue 729 697 Franchised stores 45 44 Direct-operated stores 144 139 Store at period-end 189 183 • Despite ongoing geopolitical challenges, the GCC markets delivered robust revenue growth of +4.6% • Accelerated Momentum: Sa

  25. Slide 25: Inventories

    Inventories At December 31 December 31 (In HK$ million) 2025 2024 Inventories owned by the Group 556 508 Inventories held by 48.5% South Korea joint venture 273 178 Inventories held by franchisees in Mainland China 34 34 Finished goods at suppliers 18 28 Inventories not owned by the Group 325 240 To

  26. Slide 26: Outlook

    Outlook • Accelerate digital/omni: relaunch proprietary sites, global rollout; CRM personalization; marketplaces; • Win Greater China: localized assortments and activations; e-commerce push; retail reset to lift productivity • One Giordano execution: cross-functional forces, frontline upskilling, pr

  27. Slide 27: Looking Ahead

    展望未來 Looking Ahead Copyright © 2024 by Boston Consulting Group. All rights reserved.

  28. Slide 28: 2026 YTD positive growth across all markets

    2026 YTD seeing a positive growth in 2026 across all markets 2026年初至今，所有市場均呈現正增長

  29. Slide 29: In April, we will launch new products in our Touch Series

    In April, we will launch new products in our Touch Series LUXE TOUCH SILK TOUCH QUICK DRY

  30. Slide 30: Beyond Boundaries strategy has 4 key strategic choices

    Beyond Boundaries strategy has 4 key strategic choices 超越界限的4 個關鍵策略選擇 Brand Digital Greater Portfolio First China One 品牌組合 數位先導 大中華區 Giordano Men, Women, Junior • Revitalize Giordano • Digital Transformation • Mainland China • Centralized HQ Functions 重振佐丹奴 數碼轉型 Brand revitalisation 集中總部職能 • eCom Ac

  31. Slide 31: Brand Portfolio

    Brand Portfolio 品牌組合 1 Reposition重新定位 2 Relaunch重新發佈 Giordano Ladies Giordano 2.0

  32. Slide 32: Slide 32

  33. Slide 33: Queen's Road Central Flagship April 17th

    Queen’s Road Central Flagship April 17th 皇后大道中旗艦店4月17日

  34. Slide 34: Giordano For Everyone, For Every You.

    Giordano For Everyone, For Every You.

  35. Slide 35: Launch of our proprietary site globally April 2026

    Digital First 數位先導 Launch of our proprietary site globally April 2026 我們的專屬網站即將於2026年4月全球上線 35

  36. Slide 36: Continue to build our strategic choices

    Continue to build our strategic choices in.. 持續建立我們策略選擇… Brand Digital Greater One Portfolio First China Giordano 品牌組合 數位先導 大中華區 • Launched our new • eCommerce • Mainland China • Build our Global <> brand, GC by Acceleration to North Brand revitalisation Market operating Giordano America, Europe, 中國

  37. Slide 37: Korea Collection SS26

    Korea Collection SS26 韓國系列春夏26 37

  38. Slide 38: Mario Lands in April 2026

    Mario Lands in April 2026 超級瑪利歐於2026年4月推出 38

  39. Slide 39: Coming Soon.

    CHItKAWA | GIORDANO Coming Soon. BN BURR.

  40. Slide 40: Coming Soon.

    Coming Soon. Bis 2138. “0

  41. Slide 41: by

    by 41

  42. Slide 42: 2026 Outlook

    2026 Outlook 展望 3-5% Positive Growth Full Year 3-5% 全年正增長 (Core Business 核心業務) Profit to grow faster than top line 利潤增長速度快於收入增長 42

  43. Slide 43: Beyond Boundaries is a growth & investment strategy

    Beyond Boundaries is a growth & investment strategy 超越界限為一項增長及投資策略 2030 OUR AMBITIONS SET IN 2025 我們為2025設立的願景 2025 PROFIT AFTER TAX NET SALES GROWTH 除所得税後溢利 淨銷售額增長 Strive to achieve revenue at a Endeavour to achieve profit after tax high single to low double-digit margins trending towards compound

  44. Slide 44: Q&A

    Q&A

  45. Slide 45: THANK YOU!

    THANK YOU! 謝謝

Giordano International — FY2025 Earnings Presentation on 6ix