ChowChow Cloud International reported revenue of HK$178.2 million for the six months ended June 30, 2025, representing an 81.3% increase from HK$98.3 million in the same period of 2024. Growth was powered by cloud content delivery network services and server farm deployments secured from three new enterprise clients, which contributed HK$83.5 million, or 46.9% of total revenue. This rapid expansion underscores the company’s success in penetrating new verticals within the Asia-Pacific region.

Cost of revenues rose 81.9% year-over-year to HK$156.2 million due to higher subcontracting fees and hardware procurement for new projects. Gross profit expanded to HK$22.0 million, up from HK$12.4 million a year earlier. Despite increased project costs, the gross margin held steady at 12.3%, compared with 12.6% in the prior year, reflecting effective cost controls on software licensing and data center operations.

Selling and marketing expenses climbed to HK$2.4 million, a 160.7% increase driven by elevated third-party marketing fees aimed at customer acquisition outside Hong Kong. General and administrative expenses rose 41.4% to HK$4.9 million, largely due to higher headcount and associated compensation costs of HK$1.1 million, along with increased amortization and credit-loss provisions. Income tax expense nearly doubled to HK$2.3 million as pre-tax profits grew.

ChowChow ended the period with HK$11.9 million in cash and cash equivalents, up from HK$10.5 million at year-end 2024. Net cash generated from operations was HK$2.0 million, partly offset by working capital build-up. Management emphasizes that existing operating cash flows and available financing options provide sufficient liquidity to meet capital requirements for at least the next 12 months without requiring additional equity issuance.