Grand Banks Yachts (G50) investor relations material

Financial performance review

• FY2026 revenue reached a record S$173.2m, up 6.7% YoY; gross profit was S$48.1m, down 0.8%, and gross margin fell 2.1 percentage points to 27.8%.

• Operating expenses rose 24.1% to S$29.7m; profit before tax fell 29.4% to S$18.0m, and net profit after tax fell 26.5% to S$13.4m.

• EPS declined 26.7% to 7.18 Singapore cents; EBITDA fell 14.9% to S$27.2m YoY.

• At 30 June 2026, total assets were S$203.3m, total borrowings S$34.6m and cash and fixed deposits S$19.8m; NAV per share rose 13.9% to 62.38 cents YoY.

• Net order book was S$136.4m at 30 June 2026, versus S$156.6m a year earlier.

Dividend announcements

• Proposed final dividend of 1.0 Singapore cent per ordinary share, subject to shareholder approval; total FY2026 dividends of 1.5 cents per share, unchanged from FY2025.

Strategic initiatives and plans

• FY2026 expansion included machinery installation and floor upgrades at the Composite Manufacturing Facility, expanded US berthing and service capacity, a California sales and service office, and a Sanremo marketing office with demonstration boats.

• Launched Palm Beach 107, Grand Banks 73 and Palm Beach GT70, securing pre-orders for all three; also enhanced the GT50RS Outboard and Palm Beach 85 Skylounge.

• Palm Beach XI was positioned as a global marketing and technology platform, generating customer interest and supporting new boat sales.

• FY2027 priorities include strengthening both brands, expanding qualified-audience reach, and improving lead tracking, assignment and sales conversion; capital expenditure is expected to moderate from FY2027.

• As at 30 September 2026, 11 new-boat and 2 trade-in sales totalled S$67.3m; net order book was S$168.6m. FY2027 plans include growing the order book and sales pipeline.