China Tobacco International (HK) Announces FY2025 Results: Revenue Reaches HK$14.58 Billion, Up 11.5% Year-on-Year

Mar.06
China Tobacco International (HK) Announces FY2025 Results: Revenue Reaches HK$14.58 Billion, Up 11.5% Year-on-Year
China Tobacco International (HK) Company Limited announced its audited results for the year ended December 31, 2025. Revenue was HK$14.58 billion, profit before taxation was HK$1.28 billion, and profit attributable to owners of the Company was HK$0.98 billion, with basic and diluted EPS of HK$1.42. The Board proposed a final dividend of HK$0.33 per share; together with an interim dividend of HK$0.19 per share, the full-year dividend totaled HK$0.52 per share.

Key Takeaways

 

  • Performance growth: FY2025 revenue was HK$14.58 billion (+11.5%), and profit for the year was HK$1.05 billion (+15.9%).
  • Profit distribution: A final dividend of HK$0.33 per share was proposed; the full-year dividend totaled HK$0.52 per share (HK$0.45 in 2024).
  • Import-driven business: Tobacco leaf import revenue was HK$9.54 billion, with gross profit of HK$0.77 billion, making it the Group’s largest revenue source.
  • Export performance: Cigarette export revenue was HK$1.67 billion with gross profit of HK$0.38 billion; new tobacco products export revenue was HK$0.06 billion.
  • Scale metrics: Full-year tobacco leaf imports were about 110.83 thousand tonnes, tobacco leaf exports about 86.05 thousand tonnes, and cigarette exports about 3.23 billion sticks.

 


2Firsts, March 6, 2026 

 

According to a disclosure on Hong Kong Exchanges and Clearing Limited, China Tobacco International (HK) Company Limited (China Tobacco International (HK) Company Limited, stock code: 6055) announced the Group’s audited consolidated financial results for the year ended December 31, 2025.

 

China Tobacco International (HK) Announces FY2025 Results: Revenue Reaches HK$14.58 Billion, Up 11.5% Year-on-Year
China Tobacco International (HK) Company Limited announces results for the year ended December 31, 2025 | Image source: China Tobacco International (HK) Company Limited

 

The announcement showed:

 

  • FY2025 Group revenue was HK$14.58 billion (2024: HK$13.07 billion), up 11.5% year-on-year;
  • Gross profit was HK$1.47 billion (2024: HK$1.38 billion);
  • Profit before taxation was HK$1.28 billion (2024: HK$1.12 billion);
  • Profit for the year was HK$1.05 billion (2024: HK$0.90 billion);
  • Profit attributable to owners of the Company was HK$0.98 billion (2024: HK$0.85 billion);
  • Basic and diluted earnings per share were HK$1.42 (2024: HK$1.23).

 

Regarding dividends, the Board proposed a final dividend of HK$0.33 per share for the year ended December 31, 2025. Together with the interim dividend of HK$0.19 per share already paid, the full-year dividend amounted to HK$0.52 per share. The Company disclosed that, to determine entitlement to the proposed final dividend, the register of members will be closed from June 4, 2026 (Thursday) to June 9, 2026 (Tuesday) (both days inclusive). The final dividend is expected to be paid on or around June 26, 2026 (Friday).

 

By business segment, the Group disclosed five reportable segments: tobacco leaf products export, tobacco leaf products import, cigarette export, new tobacco products export, and Brazil operations.

 

By segment revenue:

 

  • Tobacco leaf products import revenue in 2025 was HK$9.54 billion;
  • Tobacco leaf products export was HK$2.48 billion;
  • Cigarette export was HK$1.67 billion;
  • New tobacco products export was HK$0.06 billion;
  • Brazil operations were HK$0.83 billion.

 

The operational review disclosed:

 

  • Tobacco leaf products import volume was 110,827 tonnes, with gross profit of HK$0.77 billion;
  • Tobacco leaf products export volume was 86,054 tonnes, with gross profit of HK$0.16 billion;
  • Cigarette export volume was 3,228,031 thousand sticks, with gross profit of HK$0.38 billion;
  • New tobacco products export volume was 372,150 thousand sticks, with gross profit of HK$3.41 million;
  • CBT (China Brasil Tabacos Exportadora S.A.), a non-wholly owned subsidiary under China Tobacco Brazil, exported 30,295 tonnes of tobacco leaf products to markets outside China, with gross profit of HK$0.16 billion.

 

The Company also disclosed that the annual general meeting is scheduled to be held on May 29, 2026 (Friday).

 

Cover image source: China Tobacco International (HK) Company Limited

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Retail Case Study | Wisconsin Vape Market One Year After New Regulations: Johnny Vapes Reports 80% Sales Decline as Consumers Shift Online and Across State Lines
Retail Case Study | Wisconsin Vape Market One Year After New Regulations: Johnny Vapes Reports 80% Sales Decline as Consumers Shift Online and Across State Lines
According to WNCY on August 24, 2026, some independent vape retailers in Wisconsin say they have faced significant business pressure one year after new vape regulations took effect. Johnny Vapes, a retailer operating in northeast Wisconsin, said its store count fell from seven locations to four, sales declined by about 80%, and roughly 90% of its inventory was affected. Retailers said some consumers have shifted to online purchases or traveled to neighboring Michigan to buy vape products. The case highlights how local regulations can reshape retail operations, inventory management and consumer purchasing patterns.
Aug.28
AIR Invests $20 Million in Greentank, Deepening Capital Ties Across the Vape Supply Chain
AIR Invests $20 Million in Greentank, Deepening Capital Ties Across the Vape Supply Chain
Nasdaq-listed AIR Global has invested $20 million in preferred shares of Canadian vaporization technology company Greentank, deepening a partnership established in 2023. AIR gains a board nomination right, access to new technologies, enhanced commercial terms and long-term supply assurances, while retaining an option to increase its stake. Greentank’s Quantum Chip platform powers Crown Switch and forms part of AIR’s planned U.S. PMTA dossier, linking capital investment more closely with product technology, regulatory evidence and supply-chain control.
Special Report
Jul.29
UK Sets Oct. 29 Start for New Vape Retail Rules Covering Age Checks, Giveaways and Discounts
UK Sets Oct. 29 Start for New Vape Retail Rules Covering Age Checks, Giveaways and Discounts
The UK Department of Health and Social Care published new guidance on Aug. 11 outlining the next phase of retail rules under the Tobacco and Vapes Act 2026, which will take effect on Oct. 29, 2026. The measures extend the minimum age of sale of 18 to all vaping and consumer nicotine products and restrict proxy purchasing, promotional giveaways and substantial discounts. Relevant offences in England, Wales and Scotland may carry a £200 fixed penalty notice, while persistent offenders can face temporary sales bans.
Aug.12
UK Proposes Stricter Vape Packaging Rules as Retailers Warn of £330 Million Impact
UK Proposes Stricter Vape Packaging Rules as Retailers Warn of £330 Million Impact
The UK government has launched a nationwide consultation on vape packaging, appearance and retail displays, proposing tighter rules to reduce youth appeal while industry groups warn of significant compliance costs.
Innovation
Jul.20
BAT New Categories Revenue Rises 18% in H1 2026 as Broad Portfolio Offers More Ways to Win—and Lose
BAT New Categories Revenue Rises 18% in H1 2026 as Broad Portfolio Offers More Ways to Win—and Lose
British American Tobacco’s New Category revenue rose 18% at constant rates in the first half of 2026. Nicotine-pouch brand Velo expanded rapidly, while Vuse recovered as U.S. enforcement against illicit e-vapor products strengthened. Heated-tobacco platform glo remained under pressure, and cigarettes continued to provide most of the group’s profit and cash. Compared with PMI and JT, BAT has more routes to growth—but also greater regulatory, investment and execution risks across its broader portfolio.
BAT
Jul.30
Australia’s Tobacco Tax Debate Intensifies as One Nation’s Barnaby Joyce Warns of Illicit Market Growth
Australia’s Tobacco Tax Debate Intensifies as One Nation’s Barnaby Joyce Warns of Illicit Market Growth
Australian One Nation MP Barnaby Joyce has criticised continued tobacco excise increases, arguing that higher taxes are driving consumers toward illicit tobacco markets and benefiting organised crime groups.
Regulations
Jul.13 by 2Firsts Perspectives