The Hour Glass posts 23.2% rise in profit for H1 FY2026 to $75.7 million
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The Hour Glass announced an interim dividend of two cents per share, payable on Dec 8.
PHOTO: BT FILE
Evan See
- The Hour Glass's net profit rose 23.2% to $75.7 million, with revenue up 13.9% to $615.4 million for H1 FY2026.
- Increased operating expenses were reported, but gross margin also slightly increased to 30.8 per cent. An interim dividend of $0.02 per share was announced.
- Despite trade tensions and economic uncertainties, The Hour Glass expects full-year profitability, supported by strategic brand partnerships.
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SINGAPORE - The Hour Glass reported a 23.2 per cent rise in net profit to $75.7 million for the six months ended Sept 30, 2025, from $61.4 million in the year-ago period.
The luxury watch retailer said in a bourse filing on Nov 14 that its first-half revenue increased 13.9 per cent to $615.4 million, from $540.3 million in the first half of financial year 2025.
After accounting for other income, revenue stood at $622.7 million, up from $548.8 million the year before.
Gross margin for the first half of financial year 2026 also stood slightly higher at 30.8 per cent, compared with 30.7 per cent in the year-ago period.
The company said that it incurred higher operating expenses in the half-year, due to increased depreciation of property, plant and equipment versus the previous corresponding period.
It announced an interim dividend of two cents per share, payable on Dec 8.
Earnings per share for the period stood at 11.7 cents, up 23.7 per cent from 9.46 cents in the first half of financial year 2025.
The Hour Glass noted that ongoing trade tensions, along with macroeconomic uncertainties, will continue to impact luxury consumer sentiment.
Still, it expects to remain profitable for the full financial year. It added: “The group’s strategic partnerships with leading watch brands provide a resilient foundation for sustained performance.”
Shares of The Hour Glass closed 1.9 per cent, or four cents, lower at $2.06 on Nov 14, before the results were released. THE BUSINESS TIMES
