Globe International (GLB) H1 2026 earnings summary

Executive summary

• Revenue increased by 3.1% year-over-year to $98.2 million, with all major divisions in Australia, North America, and Europe contributing positively, and strong growth in the European division despite geopolitical instability.

• Strategic global brands FXD, Salty Crew, and Globe drove the majority of brand contribution and group revenue.

• EBIT declined 27.4% to $5.2 million, impacted by increased US tariffs and lower profitability in North America.

• Net profit after tax fell 28.2% to $3.4 million, with EPS at 8.24 cents, down from 11.48 cents in the prior year.

• Maintained financial stability and positive cash flow despite challenging operating environments.

Financial highlights

• Revenue reached $98.2M, up 3.1% year-over-year.

• EBIT was $5.2M (down 27.4% year-over-year), with a margin of 5.3%.

• Net profit after tax (NPAT) was $3.4M (down 28.2% year-over-year), NPAT margin 3.5%.

• Cash holdings stood at $19.3M at period end.

• Net tangible asset backing per share: $1.82 (down from $1.85 at June 2025).

Outlook and guidance

• Strong balance sheet and positive cash flow position the company to continue delivering on long-term strategic goals.

• Interim dividend of 10 cents per share, fully franked, to be paid on 27 March 2026.

• No material events or changes reported subsequent to the half-year end.