- Rhenus signed an MoU with Inland Waterways Authority Of India (IWAI) to enable cargo movement across National Waterways, during the biennial maritime event.
- The participation in the event underscored the company's commitment to contribute to the India logistics landscape
MUMBAI, INDIA - Media OutReach Newswire - 1 December 2025 - Rhenus exchanged an MoU with Inland Waterways Authority Of India (IWAI) for the construction and operation of tug-barge vessels to enable cargo movement across National Waterways NW-1, NW-2, NW-16, and the Indo-Bangladesh Protocol (IBP) route. Vivek Arya, CEO of Rhenus India also shared his insights on logistics as a panelist in a conference discussion session. These were among the highlights in the India Maritime Week 2025's participation.
Held in late October 2025, the India Maritime Week was a biennial global maritime event which brought together leaders from the maritime industry, governments, innovators, investors, and stakeholders from over 100 countries. It was hosted by the Ministry of Ports, Shipping and Waterways and organized by the Indian Ports Association (IPA).
The MoU with IWAI will see Rhenus India operate barge services on various local routes, gradually expanding to other national waterways. A combination of pushers and barges, suited for low-draft navigation, will transport Bulk and Break-Bulk cargo across North & East India, North-East India, and eventually to neighbouring countries. With 1,000 vessels operating daily on European waterways, Rhenus will leverage its Port Logistics expertise and European Waterways fleet to support India's Inland Water Transport (IWT) sector.
Vivek Arya, CEO of Rhenus India, was also a panelist, discussing the topic of "Reviving Veins of Inland Trade". Hosted by the Inland Waterways Authority Of India (IWAI), the discussions explored strategies to revitalize riverine logistics, integrate inland routes into national supply chains, and promote environment friendly cargo movement. The discussion revolved around India's inland waterways emerging as a game-changer in the country's transport and logistics landscape. With government initiatives like Sagarmala and Jal Marg Vikas Project driving infrastructure development, waterways offer a cost-effective and sustainable alternative to traditional modes of transport.
Rhenus India also showcased their services with a dedicated booth in the exhibition hall, during the conference days.
Tobias Bartz, CEO of the Rhenus Group: "Waterways are becoming one of India's most important drivers of trade and regional transformation. Strengthening the Inland Water Transport network is a long-term opportunity for the country – and a strategic priority for us as Rhenus. Our collaboration with IWAI reflects our commitment to developing efficient, scalable and sustainable transport corridors that connect regions, industries and communities across the subcontinent."
Vivek Arya said: "India's maritime sector is on a transformative journey, with port capacity doubling, cargo volumes surging, and inland waterways emerging as a green, efficient alternative. As the future of logistics in India looks to be multimodal and sustainable, Rhenus is proud to be part of this movement enabling smarter, cleaner, and more connected supply chains across India."
Since its founding in 1912, Rhenus has built its legacy in inland navigation along the Rhine, evolving into a global logistics provider with strengths in barge shipping, warehousing, road, rail, air, and ocean freight.
Hashtag: #Rhenus
The issuer is solely responsible for the content of this announcement.
MUMBAI, INDIA - Media OutReach Newswire - 1 December 2025 - Rhenus exchanged an MoU with Inland Waterways Authority Of India (IWAI) for the construction and operation of tug-barge vessels to enable cargo movement across National Waterways NW-1, NW-2, NW-16, and the Indo-Bangladesh Protocol (IBP) route. Vivek Arya, CEO of Rhenus India also shared his insights on logistics as a panelist in a conference discussion session. These were among the highlights in the India Maritime Week 2025's participation.
Held in late October 2025, the India Maritime Week was a biennial global maritime event which brought together leaders from the maritime industry, governments, innovators, investors, and stakeholders from over 100 countries. It was hosted by the Ministry of Ports, Shipping and Waterways and organized by the Indian Ports Association (IPA).
The MoU with IWAI will see Rhenus India operate barge services on various local routes, gradually expanding to other national waterways. A combination of pushers and barges, suited for low-draft navigation, will transport Bulk and Break-Bulk cargo across North & East India, North-East India, and eventually to neighbouring countries. With 1,000 vessels operating daily on European waterways, Rhenus will leverage its Port Logistics expertise and European Waterways fleet to support India's Inland Water Transport (IWT) sector.
Vivek Arya, CEO of Rhenus India, was also a panelist, discussing the topic of "Reviving Veins of Inland Trade". Hosted by the Inland Waterways Authority Of India (IWAI), the discussions explored strategies to revitalize riverine logistics, integrate inland routes into national supply chains, and promote environment friendly cargo movement. The discussion revolved around India's inland waterways emerging as a game-changer in the country's transport and logistics landscape. With government initiatives like Sagarmala and Jal Marg Vikas Project driving infrastructure development, waterways offer a cost-effective and sustainable alternative to traditional modes of transport.
Rhenus India also showcased their services with a dedicated booth in the exhibition hall, during the conference days.
Tobias Bartz, CEO of the Rhenus Group: "Waterways are becoming one of India's most important drivers of trade and regional transformation. Strengthening the Inland Water Transport network is a long-term opportunity for the country – and a strategic priority for us as Rhenus. Our collaboration with IWAI reflects our commitment to developing efficient, scalable and sustainable transport corridors that connect regions, industries and communities across the subcontinent."
Vivek Arya said: "India's maritime sector is on a transformative journey, with port capacity doubling, cargo volumes surging, and inland waterways emerging as a green, efficient alternative. As the future of logistics in India looks to be multimodal and sustainable, Rhenus is proud to be part of this movement enabling smarter, cleaner, and more connected supply chains across India."
Since its founding in 1912, Rhenus has built its legacy in inland navigation along the Rhine, evolving into a global logistics provider with strengths in barge shipping, warehousing, road, rail, air, and ocean freight.
Hashtag: #Rhenus
The issuer is solely responsible for the content of this announcement.
About Rhenus
The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 8.2 billion. 41,000 employees work at 1,330 business sites in more than 70 countries and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family-owned business pools its operations in various business units where the needs of customers are the major focus at all times.
** The press release content is from Media OutReach Newswire. Bastille Post is not involved in its creation. **
Prudent Risk Management Yields Solid Outcomes metrics, Core Pawn Business Demonstrates Resilient Growth with Proposed Final Dividend of HK$1.15 cents per share
Results Highlights:
- Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
- Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
- Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
- Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
- Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR - Media OutReach - 27 May 2026 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") announced its annual results and its financial position. For the year ended 28 February 2026 ("FY2026"), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 ("FY2025"). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group's total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business's profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group's brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, "Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group's strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders."
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About Oi Wah Pawnshop Credit Holdings Limited
Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.
Results Highlights:
- Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
- Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
- Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
- Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
- Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR - Media OutReach - 27 May 2026 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") announced its annual results and its financial position. For the year ended 28 February 2026 ("FY2026"), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 ("FY2025"). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group's total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business's profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group's brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, "Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group's strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders."
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About Oi Wah Pawnshop Credit Holdings Limited
Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops and one premium service center in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.
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