DL Holdings Group Limited (1709.HK) issued a Positive Profit Alert on 28 May 2026. Based on a preliminary review of the Group’s draft unaudited consolidated management accounts for the year ended 31 March 2026, DL Holdings expects to record:
· Profit for the year: Approximately HK$330.0 million – HK$370.0 million, representing approximately 240%–270% of the net profit for the year ended 31 March 2025 (approximately HK$137.1 million).
· Equity attributable to owners of the parent company ("NAV"): Approximately HK$2,631.5 million – HK$2,671.5 million as at 31 March 2026, representing approximately 286%–291% of the NAV as at 31 March 2025 (approximately HK$917.6 million).
· Net assets per share attributable to owners of the parent company ("NAV Per Share"): Approximately HK$1.30 – HK$1.32 per share as at 31 March 2026, representing approximately 209%–213% of NAV Per Share as at 31 March 2025 (approximately HK$0.62 per share). Shareholders’ equity continues to increase, underscoring the resilience of the Company’s fundamentals.
01
Dual Growth in Profit and NAV: Driven by Investment Returns, Family Office, and Interest Income
The significant improvement in the Group’s profit and net asset value for the year was driven by a combination of factors:
1
Significant Contribution from Fair Value
Gains on Financial Assets
During the year, the Group recorded fair value gains on financial assets at fair value through profit or loss, reflecting the Group’s continued ability to unlock value through asset allocation and investment management, which provided meaningful support to full-year profit growth.
2
Appreciation in Value of Associate
Investment
The Group’s associate measured at fair value through profit or loss also recorded fair value gains during the year. These gains reflect the value accumulated within DL Holdings’ financial services, asset management, and strategic investment ecosystem, and further strengthened the Group’s net asset base.
3
Substantial Growth in Contribution from
Family Offices Business
The announcement specifically highlights that the contribution from the family offices business recorded substantial growth during the year. As one of DL Holdings’ core businesses, the family office and wealth management segment has continued to benefit from rising demand from high-net-worth and institutional clients, expanding its revenue contribution across services including asset allocation, wealth succession planning, and investment management — becoming an important engine of profit growth for the Group.
Looking ahead, the Group expects to grow its family office client base to 200 by 2027, with assets under management potentially exceeding HK$78 billion (approximately US$10 billion). DL Holdings currently manages and advises on total assets exceeding HK$27.3 billion (approximately US$3.5 billion). As one of the earliest government-recognised joint family offices in Hong Kong SAR and currently the only family office and investment platform with operations spanning Chinese Mainland, Hong Kong SAR, Singapore, Japan, and the United States, DL Holdings is well-positioned for continued growth.
4
Increase in Interest Income from Money
Lending Services and Fixed-Income
Fund Investments
During the year, the Group recorded an increase in interest income from the provision of money lending services and income from investments in fixed-income funds. As stated in the announcement, this growth was mainly funded by part of the net proceeds from the placing of HK$1,537.4 million during the year. The capital injection has enhanced the Group’s balance sheet strength and provides a more solid funding base for the expansion of its financial services business.
02
Enhanced Capital Strength: NAV Surpasses HK$2.6 Billion, Laying a Foundation for Business Expansion
Beyond profit growth, the significant leap in DL Holdings’ net asset value deserves particular attention. The Group expects NAV of approximately HK$2,631.5 million – HK$2,671.5 million as at 31 March 2026, a substantial increase from approximately HK$917.6 million at the end of the prior year; NAV Per Share also rose from approximately HK$0.62 to approximately HK$1.30 – HK$1.32.
This means DL Holdings has not only achieved growth at the profit level, but has also significantly enhanced its capital strength, asset base, and capacity to support future business development. For a listed platform centred on family offices, wealth management, asset management, and financial services, a stronger balance sheet will help the Group accommodate larger-scale client assets, advance its investment business deployment, and provide greater flexibility for the development of innovative financial businesses.
03
Outlook: Synergistic Development of Traditional Wealth Management and Innovative Financial Businesses
In recent years, DL Holdings has continuously built out its presence across family offices, wealth management, asset management, and digital financial businesses. This Positive Profit Alert demonstrates that contributions from the Group’s core traditional businesses are strengthening, with investment-side returns being released simultaneously, forming a multi-layered growth framework of “core financial services + asset allocation returns + enhanced capital strength.”
As the Group’s profitability improves and net asset scale expands, DL Holdings is expected to further consolidate its advantages in high-net-worth client wealth management and family office services, while advancing the upgrade of its financial services businesses on a more solid capital foundation. Going forward, the synergistic effects of the Group’s asset management, family office ecosystem, and innovative financial directions are expected to continue driving performance growth and long-term value enhancement.
At the same time, on the foundation of steady growth in its traditional financial businesses, DL Holdings is also accelerating the development of digital finance as a second growth curve. The Group’s digital finance footprint is expanding from Bitcoin hashrate and RWA (Real World Asset) tokenisation to AI computing infrastructure, forming an increasingly synergistic digital financial ecosystem.
DL Holdings has earmarked approximately HK$145.5 million for investment in AI computing infrastructure and related investment projects, covering power sites, artificial intelligence data centres, and inference GPUs — proactively capturing the computing infrastructure opportunities created by the rapid development of the AI industry. Demand for high-performance, low-cost, stable, and scalable computing resources is intensifying across large AI models, intelligent advisory services, digital asset risk management, on-chain data analytics, and enterprise-level intelligent applications. AI computing is becoming a critical piece of infrastructure in the digital economy era, and also a key foundation for digital financial platforms seeking to enhance their technological capabilities, service efficiency, and asset operational capacity.
In terms of computing infrastructure, DL Holdings has already accumulated experience in power management, site operations, equipment maintenance, and overseas resource management through its mining business. The Company has acquired more than 9,000 high-efficiency mining machines and established overseas mining farms in the United States, Oman, and Paraguay, with a total hashrate of approximately 4 EH/s — laying the groundwork for its subsequent entry into AI computing centre construction. The extension into AI computing infrastructure will not only help improve the utilisation efficiency of the Group’s existing energy and site resources, but also enable DL Holdings to build a more long-term digital financial infrastructure centred on “computing assets.”
With the continued growth of its traditional family office business, a significant uplift in net asset value, and the progressive rollout of digital financial businesses including Bitcoin hashrate, AI computing, and RWA, DL Holdings is accelerating its evolution into a new-generation digital financial platform with capabilities spanning wealth management, digital assets, and AI infrastructure — opening new horizons for future performance growth.
This Positive Profit Alert not only reflects DL Holdings’ strong operational performance for the year, but also demonstrates the continued optimisation of its capital structure and business fundamentals. With the announcement of the Group’s annual results expected to be published by the end of June 2026, the market will pay close attention to the actual performance of each business segment and the Group’s future growth trajectory.
免责声明
本文章仅供参考，投资者应仅依赖公司公告所载资料作出投资决定。
本平台所载的信息和材料，包括文本、图形、链接或其它项目来自第三方信息终端，仅供一般参考用。任何情况下，本平台所发布的信息均不构成投资建议。
未经本公众号授权，任何人不得擅自转载。
微信涉及的内容仅供参考，版权归德林控股及相关内容提供方所有，免责声明见德林控股官方网站：https://www.dl-holdings.com/
精彩评论