BRIEF: IFBH profit falls as sports drink brand stumbles
Beverage maker IFBH Ltd. (6603.HK) said on Thursday its revenue rose 11.9% year-over-year to $176 million in 2025, but its net profit fell 31.7% to $22.8 million.
Revenue from the company’s core “if” brand of coconut water grew 27% for the year. But revenue for its Innococo sports drink brand plummeted due to internal distributor issues and delays in new product launches. IFBH said it has taken corrective actions and expressed confidence in Innococo’s return to growth.
Shares of IFBH opened lower on Friday and were down 2.4% at HK$13.22 by the midday break. The stock initially surged nearly 80% to HK$48.80 after its June listing last year. But it later reversed course and now trades more than 50% below its IPO price.
By Lau Chi Hang
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