On behalf of the Board of Crystal International Group Limited, I am pleased to present our annual results of the Group for the year ended 31 December 2025.
This year has been marked by resilient performance amid a dynamic global landscape, with the Group achieving steady growth in revenue and profitability. Our strategic focus on operational excellence, innovation, and sustainability has enabled us to navigate challenges effectively while positioning the Company for long-term success.
In 2025, we continued to address geopolitical uncertainties and evolving trade policies, including potential tariff impacts from major markets such as the United States. To mitigate these risks, we advanced our diversification strategy through the expansion of our production footprint into new regions. A key highlight was our investment in Egypt, where we secured an approximately 800,000-square-metre land parcel in the New October Industrial Zone, with plans for investing in a fully integrated textile complex. This project encompasses fibre knitting, dyeing, printing, and garment manufacturing, enhancing our vertical operations and providing greater flexibility in sourcing for our global customers. Our risk mitigation plan includes comprehensive assessments of local regulations, supply chain resilience, and hedging strategies against currency and tariff fluctuations. By establishing operations in Egypt, we leverage its strategic location, skilled workforce, and favourable trade agreements to reduce dependency on traditional manufacturing hubs and buffer against geopolitical disruptions.
Innovation remains at the heart of our efficiency enhancement efforts. We have encouraged and expanded the adoption of cutting-edge technologies, including artificial intelligence (AI), across our operations. For example, we have empowered our office staff with AI tools to streamline administrative processes, automate routine tasks such as data analysis and reporting, and improve decision-making accuracy. These initiatives have contributed to enhanced operational efficiency, reduced processing times, and better resource allocation throughout the organisation. The Group is dedicated to investing resources in exploring opportunities and efficiency enhancement through broader AI applications, including ongoing collaborations with leading institutions to develop industry-specific AI solutions that support smart manufacturing, predictive analytics, and process optimisation. We remain committed to fostering a culture of technological advancement, investing in training programmes to equip our teams with the skills needed to harness these tools effectively.
We have made good progress in transforming our operational systems, including optimising integrated ERP platforms and digital manufacturing solutions. This has enhanced collaboration, data sharing, real-time visibility, and workflows, leading to higher efficiency, reduced silos, and improved responsiveness to market demands, strengthening our competitive edge.
Our dedication to sustainability continues unabated, with steadfast progress toward our net zero vision. Aligned with Crystal Sustainability Vision 2030 and our commitment to net zero emissions by 2050, we have intensified efforts to reduce greenhouse gas emissions through expanded renewable energy initiatives. We expanded additional solar photovoltaic total capacity to 23 MW across our facilities in Bangladesh, Vietnam, Cambodia and Sri Lanka. Moreover, we completed 125 energy efficiency projects. Our commitment extends to regenerative practices, including our pledge to plant two million trees by 2030. During the year, we planted 525,000 trees worldwide. In addition, we have strengthened stakeholder engagement by approving approximately HK$2 million in support through the Crystal Climate Charity Foundation for the families of our workers affected by recent natural disasters, such as storms, landslides and floodings since November 2025 in Sri Lanka. This aid underscores our responsibility to care for our people and communities during times of crisis, providing essential assistance to help them recover and rebuild. These initiatives not only advance our environmental goals but also reinforce our social commitments and partnerships with stakeholders who share our vision for a sustainable future.
Central to our success is our vertical integration model, which has been further solidified through the Egypt expansion and ongoing enhancements in our existing operations. This approach has enabled us to deliver superior value to our customers and maintain our position as a global leader in apparel manufacturing.
I would like to express my sincere appreciation for the strategic execution led by our CEO, Mr. Andrew LO. His visionary leadership has been pivotal in driving our diversification efforts, technological integrations, and sustainability advancements. Under his guidance, the management team has executed our growth strategies with precision, delivering record results and positioning the Group for continued prosperity.
Looking ahead, we remain focused on robust succession planning to ensure seamless leadership transitions. In line with this, we have further developed our talent pipeline through the People Committee, which oversees comprehensive programmes for leadership development, mentoring, and performance evaluations. The appointment of Mr. Andrew LO as Vice Chairman in early 2025 has facilitated a structured approach to grooming the next generation of leaders, reinforcing our commitment to long-term governance and stability.
In closing, I extend my heartfelt thanks to our dedicated employees, whose passion and hard work are the foundation of our achievements. I also express gratitude to our customers, suppliers, and business partners for their unwavering support, and to you, our Shareholders, for your continued confidence in the Group. As we enter 2026, we are well-equipped to capitalise on emerging opportunities while upholding our values of innovation, sustainability, and excellence.
Mr. LO Lok Fung Kenneth
Chairman of the Board
Hong Kong, 19 March 2026