CROSBY Research – Impro Precision Industries (1286 HK/NR): A solid 1H26 indicates a promising FY26

13 Aug 2026

Impro Precision’s 1H26 reported NP increased by 21.6% YoY to HK$421.0m on the back of 23.2% YoY increase in turnover to HK$3.0bn. Its 1H26 GPM stood at 28.4% compared to 27.8% in 1H25. The marginal improvement in GPM was mainly due to the robust demand from diversified industrial end-markets, particularly strong demand for liquid cooling systems and high horsepower engine end-markets but was partially offset by precision machining business in Turkey and Mexico.