Nameson Holdings Ltd. · HKEX:1982
Nameson — FY2026 Earnings Presentation
36 slides from Nameson's earnings presentation, June 2026
Slide 1: Nameson Holdings 2026 Annual Results
Pa eEAL A BRA] NAMESON HOLDINGS LIMITED Stock Code : 1982.HK 2026 Annual Results
Slide 2: Disclaimer
Disclaimer • This presentation was prepared by Nameson Holdings Limited (the “Company”) for reference only. This presentation may not be reproduced or redistributed to any persons without explicit authorisation from the Company. • Neither the Company nor any of its respective subsidiaries, directors
Slide 3: Presenters
Presenters Benny Wong Jason Man Stephen Tao Chairman & CEO & CFO & Executive Director Executive Director Company Secretary 3
Slide 4: Agenda
Agenda 1 Results Overview 2 Financial Highlights 3 Business Review 4 Outlook 5 Q&A 4
Slide 5: Results Overview
FA HEIZ RA PRA Fl NAMESON HOLDINGS LIMITED Results Overview
Slide 6: Results Overview
Results Overview REVENUE (HK$) GROSS PROFIT (HK$) NET PROFIT (HK$) EARNINGS PER SHARE (HK¢) 4,623.4 mn +6.2% 758.6 mn -3.0% 295.5 mn -16.9% 13.19 -12.2% GROSS PROFIT MARGIN NET PROFIT MARGIN DIVIDEND PER SHARE (HK¢) 16.4% -1.6 pp 6.4% -1.8 pp 11.0 -2.7% • Sweaters Volume +11.3% from order influx in
Slide 7: Financial Highlights
Pa ie #2 Ie ABR A) NAMESON HOLDINGS LIMITED Financial Highlights
Slide 8: Financial Review
Financial FinancialReview Review (HK$ ‘mn) FY 2025 FY 2026 Change Revenue 4,352.1 4,623.4 +6.2% Gross Profit 781.8 758.6 -3.0% Gross Profit Margin 18.0% 16.4% -1.6 p.p. Other income 20.5 24.5 +19.5% Other gains, net 41.2 38.6 -6.3% Selling and distribution expenses (39.6) (52.0) +31.3% General and a
Slide 9: Financial Review
Financial Review (HK¢ cents) FY 2025 FY 2026 Change Basic Earnings Per Share (EPS) 15.02 13.19 -12.2% Interim Dividend Per Share 9.8 11.0 Second Interim Dividend Per Share 1.5 - Total Dividend Per Share 11.3 11.0 -2.7% 9
Slide 10: Cost of Sales Breakdown
Cost of Sales Breakdown (as % of revenue) FY2025 FY2026 7.1% 8.3% Overhead 4.9% 5.0% Depreciation 4.4% 4.1% Subcontracting Costs 17.9% 18.3% Direct Labour 47.7% 47.9% Cost of Inventories 10
Slide 11: Financial Position
Financial Position (HK$ ‘mn) As at 31 Mar 2025 As at 31 Mar 2026 Change Cash and cash equivalents 430.8 553.8 +28.6% Inventories 1,207.9 1,234.3 +2.2% Trade and Bills Receivables 153.1 230.4 +50.5% Trade and Bills Payables 400.7 393.7 -1.7% Current Assets 2,227.8 2,447.4 +9.9% Total Assets 4,778.6 5
Slide 12: Summary of Cash Flow
Summary of Cash Flow (HK$ ‘mn) FY2025 FY2026 Net cash generated from operating activities 222.9 571.9 Profit before income tax 407.9 337.2 Adjusted for: Income tax paid, net (87.5) (56.8) Depreciation 239.3 260.0 (Increase) / Decrease in prepayment, deposits, other receivables and other assets (144.
Slide 13: Cash Conversion Cycle
Cash Conversion Cycle Accounts Receivable Turnover Days 15.1 Inventory (FY2025: 13.4) Turnover Days Cash 115.3 Conversion (FY2025: 108.3) Days 92.9 (FY2025: 84.1) Accounts Payable Turnover Days 37.5 (FY2025:37.6) 13
Slide 14: Geographical Breakdown by Revenue
Geographical Breakdown by Revenue Others Others 12% 10% Japan Japan 20% 25% Southeast Asia Southeast Asia 11% 14% FY 2025 FY 2026 HK$4,352.1 mn HK$4,623.4 mn North America Mainland China 14% 18% Mainland China North America 19% 19% Europe 19% Europe 19% 14
Slide 15: Business Overview: Core Business (Sweaters)
Pa fie #2 A ABR 2) NAMESON HOLDINGS LIMITED Business Overview Core Business (Sweaters)
Slide 16: Breakdown by Business
Breakdown by Business Others Others 23% Traditional 21% Traditional sweaters sweaters 52% 57% Wholegarment FY 2025 Wholegarment FY 2026 sweaters sweaters HK$4,352.1 mn HK$4,623.4 mn 9% 10% Cashmere Cashmere sweaters sweaters 16% 12% FY2025 FY2026 Men’s and Women’s 77% 79% Knitwear Products Others 23
Slide 17: Sweaters: Volume and Prices
Sweaters: Volume and Prices Average Selling Price (HK$) 125.6 121.3 118.8 110.1 115.6 112.8 109.2 101.1 • Product mix change, decreased sales in the higher-valued cashmere sweaters, lower pricing for Wholegarment FY2023 FY2024 FY2025 FY2026 1H2025 2H2025 1H2026 2H2026 Sales Volume (‘mn pieces) 32.2
Slide 18: Sweaters: Customer Mix
Sweaters: Customer Mix 13% 13% 10% 16% 4% 4% 4% 4% 5% 4% 5% 5% 5% 8% 6% 6% 10% 13% 12% 10% 64% 61% 58% 60% FY2023 FY2024 FY2025 FY2026 Customer 1 Customer 2 Customer 3 Customer 4 Customer 5 Other Customers 18
Slide 19: Capacity By Location
Capacity By Location Vietnam Factory China Factory • HCM - Operating since 1Q 2015 • Operating since 2002 • Machinery: ≃ 4,800 • Machinery: ≃ 3,700 • Labour: ≃ 10,000 employees • Labour: ≃ 4,500 employees • Manufactured 77% of total sweaters in FY2026 • Manufactured 23% of total sweaters in FY2026 H
Slide 20: Business Overview: Other Business
Pa fie #2 A ABR 2) NAMESON HOLDINGS LIMITED Business Overview Other Business
Slide 21: Other Products: Cashmere Yarn
Other Products: Cashmere Yarn • Economic concerns for luxurious products led to decline in orders • Provides a variety of blends, sales to external customers in FY2026 was HK$358.4 mn • Adding capacity in Vietnam to enhance service to customers, expected to commence production in 1H FY2027 21
Slide 22: Other Products: Fabric
Other Products: Fabric Ariel view of fabric facility State-of-the-art wastewater treatment, 24-hr online monitoring • Operations improved notably year-on-year, and expected to continue to accelerate in ramping up • Capacity utilization varied across the months of the year, in particular, certain mon
Slide 23: Outlook
INI SRARSRAT NAMESON HOLDINGS LIMITED Outlook
Slide 24: Outlook: Challenges and Opportunities
Outlook Challenges 1) Competition for Labour • Trade conflict bolstered Vietnam as prominent manufacturing hub, creating competition for workforce • Turnover for skilled labour prompts operational disruption at times 2) Continuing to Grow Efficiency Post-Ramp-up Phase • Allocation planning for optim
Slide 25: Question and Answer
IN SRARARAT NAMESON HOLDINGS LIMITED Question and Answer
Slide 26: Appendix
Pa bie #2 B& ABR A) NAMESON HOLDINGS LIMITED Appendix
Slide 27: Shareholding Structure
Shareholding Structure Mr. Wong Ting Chung and Public Shareholders Wong’s Family Trust Note 74.6% 25.4% Nameson Holdings Limited Note: The above disgram is a simplified shareholding structure. The family trust is a trust established by Founding Chairman Mr. Wong Ting Chung as the settlor with the be
Slide 28: Sustainability Strategies
Sustainability Strategies Governance • Whistle-blowing mechanism, fostering fairness and accountability • Regular training on anti-fraud, anti-bribery and anti-corruption Environmental Protection and • Appointed INEDs of reputation for integrity and expertise, ensuring transparency, Energy Efficienc
Slide 29: Sustainability Performance Highlights
Sustainability Performance Highlights • Our sustainable development is embodied in the “HEART” framework developed targeted to address the material issues identified through an annual double material assessment and the UNSDGs H E A R T Heartfelt Craftsmanship Empowering Workspaces Advocating Nature’
Slide 30: Awards and Certificates
Awards and Certificates 7 is | i Nameson Holdings a tny @ ‘contcopaton tonal any Soe 804 TeeuBAN 2026 Asia Executive Team ae 2 extel Nv, BEST GRi REPORT oS COMMENDATION ogee vag HERA 2025 Eel = — Wy, BEST SMALL CAP “pammmmonae | “RTE | was ESG NDATION 30
Slide 31: Knitwear Production Processes
Knitwear Production Processes Yarn quality testing, winding & waxing Machine knitting & panel inspection Linking & inspection Stitching, inspection & mending Inspection, mending, re- Cleaning & Inspection & Buttoning, embroidering & Size inspection Labelling inspection, size-sorting & drying mending
Slide 32: WholeGarment Knitting vs Traditional Knitting
WholeGarment Knitting vs Traditional Knitting WholeGarment Knitwear Traditional Knitwear Knitting machine WholeGarment knitting machine Traditional knitting machine Output product Whole piece of Panels knitwear (Front/Back/ Sleeves) Linking process Eliminated Key Process 32
Slide 33: Consolidated Income Statement
Consolidated Income Statement Year ended 31 March 2025 2026 (HK$ ‘000) (HK$ ‘000) Revenue 4,352,130 4,623,426 Cost of sales (3,570,315) (3,864,851) Gross profit 781,815 758,575 Other income 20,487 24,465 Other gains, net 41,163 38,579 Selling and distribution expenses (39,606) (52,010) General and a
Slide 34: Consolidated Balance Sheet
Consolidated Balance Sheet As at 31 March As at 31 March 2025 2026 (HK$ ‘000) (HK$ ‘000) ASSETS Non-current assets Property, plant and equipment 1,873,536 1,910,752 Right-of-use assets 358,786 381,102 Investment properties 7,686 4,875 Interest in joint ventures 6,174 8,469 Financial assets at fair v
Slide 35: Consolidated Balance Sheet (Con'd)
Consolidated Balance Sheet (Con’d) As at 31March As at 31 March 2025 2026 (HK$ ‘000) (HK$ ‘000) EQUITY Capital and reserves attributable to the owners of the Company Share capital 22,794 22,794 Reserves 2,348,761 2,366,793 2,371,555 2,389,587 Non-controlling interests 266,150 227,196 Total equity 2,
Slide 36: Investor Contact
Investor Contact: Doris Chan dorisc@nameson.com.hk