Oi Wah earnings rose 39.3% in the six months ended August 31, 2026, with profit attributable to shareholders reaching HK$53.5 million. The Hong Kong pawn and mortgage lender recommended an interim dividend of HK 1.4 cents per share.
Key Takeaways
- Revenue was approximately HK$84.1 million, while basic earnings per share rose to HK 2.8 cents.
- Oi Wah recorded a HK$2.9 million reversal of loan impairment losses, compared with a charge a year earlier.
- The company plans to expand its real estate private credit business and explore acquisitions of pawn operators.
Oi Wah earnings and lending results
In the prior-year six-month period, profit attributable to shareholders was HK$38.4 million and basic earnings per share were HK 2.0 cents. The board’s interim dividend is a recommendation, not a reported payment.
Oi Wah recorded a reversal of approximately HK$2.9 million in impairment losses on loan receivables, compared with a HK$10.9 million charge in the six months ended August 31, 2025. The company attributed the reversal mainly to a slight general increase in residential property prices in the first half of 2026.
| Item | Details |
|---|---|
| Profit before tax | HK$62.9 million in the six months to August 2026, versus HK$44.7 million a year earlier |
| Net profit margin | 63.6%, versus 46.8% a year earlier |
| Net interest margin | 19.1%, versus 16.4% a year earlier |
Pawn and mortgage businesses
Pawn loan interest income rose 10.9% to approximately HK$43.7 million. The company also recorded a gain of about HK$8.8 million from disposing of repossessed assets.
Mortgage loan interest income was approximately HK$31.6 million, or 37.6% of total revenue. Gross mortgage loans receivable stood at HK$582.5 million at August 31, while new mortgage loans granted during the period totaled HK$132.9 million.
Oi Wah’s company history describes its beginnings as a pawnshop in 1975 and its subsequent addition of property mortgage services.
Expansion plans
Oi Wah said it is deepening its partnership with PACM Group to expand in real estate private credit management. It also plans to increase marketing, seek lending opportunities and selectively pursue acquisitions of established pawn operators. The acquisitions are prospective, not completed transactions.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
Comments
Be respectful. No spam, impersonation or private credentials. Ordinary posts and comments appear immediately; suspicious links are held for review.
Please wait…