Topsports International Holdings Ltd

06110: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Topsports Earnings: Demand Remains Weak, but Recovery Is Underway; Valuation Unchanged

Ivan Su , Junhao Yang

Oct 23, 2025

Topsports reported first-half fiscal 2026 (ended February) earnings with revenue declining by 5.8% year on year and store count falling by 19.4%. Net profit dropped 9.8%, mainly due to lower sales and one-off expenses related to store closures.

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Topsports International Holdings Ltd

Topsports Earnings: Demand Remains Weak, but Recovery Is Underway; Valuation Unchanged

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