Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$31.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Personal Products industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$53.18 per share. Announcement • Jul 21
Softcare Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2026 Softcare Limited provided group earnings guidance for the six months ended June 30, 2026. For the six months ended June 30, 2026, the group expects to record revenue not less than USD 328 million representing an increase of not less than 28% as compared with the revenue of approximately USD 255 million for the six months ended June 30, 2025; a profit for first six months of 2026 not less than USD 73 million, representing an increase of not less than 40% as compared with the profit of approximately USD 52 million for the first six months of 2025; and an adjusted net profit (non-IFRS measure) not less than USD 75 million for first six months of 2026, representing an increase of not less than 47% as compared with the adjusted net profit (non-IFRS measure) of approximately USD 51 million for first six months of 2025. Based on the information currently available to the Board, the Board considers that such increases are due to the following reasons: The increase in revenue was mainly attributable to the combined growth in sales volume and average selling price in 1H 2026. By deepening its sales channels, optimizing its production layout and expanding into new markets, the Group maintained its leading position in core operating countries in East and West Africa and major African hygiene products markets, exported its products to adjacent countries, and actively expanded into hygiene products markets in Latin America, thereby driving growth in sales volume. In addition, the average selling price of all product categories increased as the exchange rates of most operating currencies against the US dollar, including the Ghanaian Cedi, the Zambian Kwacha, the West CFA franc and the Central CFA franc, strengthened in 1H 2026 as compared with those in 1H 2025; The increase in profit in 1H 2026 was mainly attributable to (i) the increase in gross profit as a result of the above-mentioned increase in revenue; (ii) an increase in income generated from bank deposits, primarily due to the higher bank balances maintained by the Group during 1H 2026 as compared with 1H 2025, as a result of the proceeds received from the listing of the Company in November 2025; (iii) the absence of listing expenses incurred during 1H 2026, representing a saving as compared with 1H 2025; and (iv) being partially offset by net foreign exchange losses arising from the depreciation of currencies including the Euro against the US dollar during 1H 2026; and As the adjusted net profit (non-IFRS measure) excludes the impact of listing expenses and net foreign exchange gains or losses for both 1H 2026 and 1H 2025, the increase in adjusted net profit (non-IFRS measure) for 1H 2026 was primarily attributable to the factors set out in paragraphs (2)(i) and paragraphs (2)(ii) above. The adjusted net profit (non-IFRS measure) for 1H 2025 of approximately USD 51 million was derived by adding back listing expenses of approximately USD 2 million and share-based payment expenses of approximately USD 1 million, and deducting net foreign exchange gains of approximately USD 4 million from the profit of approximately USD 52 million. Recent Insider Transactions • May 20
Non-Executive Director recently bought HK$7.4m worth of stock On the 15th of May, Yanjuan Yang bought around 298k shares on-market at roughly HK$24.88 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$37m more in shares than they have sold in the last 12 months. 
