Lower sales drag Parkson Retail Asia's 2025 profit by 13.5% to $20.9m

Revenue declined 3.0% to $208.3m.

Parkson Retail Asia reported profit attributable to owners of $20.9m for the year ended 31 December 2025 (FY2025), down 13.5% from $24.1m a year earlier, according to a filing.

Profit before tax dropped to $28.6m in 2025, compared with $35.4m in the previous year, which the company attributed to lower sales. 

Revenue decreased 3.0% to $208.3m from $214.8m, comprising $89.2m in direct sales and $114.5m in concessionaire commissions.

Earnings per share fell to 3.10 cents from 3.58 cents, whilst profit before tax declined 19.4% to $28.6m from $35.4m.

Net assets declined to $33.5m from $38.6m, with net asset value (NAV) per share at $0.050 compared with $0.057 a year earlier.

Net cash generated from operating activities amounted to $72.2m for the year. Cash and short-term deposits stood at $120.1m as at 31 December 2025, whilst total lease liabilities were $135.4m and loans and borrowings were $2.0m.

For the fourth quarter, profit attributable to owners rose 8.9% to $6.3m from $5.8m, whilst revenue declined 5.3% to $55.3m from $58.5m.