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 despite challenging trading conditions and geopolitical instability.

• 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.

• Core brands FXD, Salty Crew, and Globe drove the majority of brand contribution and group profit.

• Maintained financial stability and positive cash flow, paying an interim dividend for the eleventh consecutive year.

Financial highlights

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

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

• NPAT was $3.4 million (down 28.2% year-over-year), NPAT margin 3.5%.

• Cash holdings stood at $19.3 million at period end, up 12% from H1 FY25.

• Fully franked interim dividend of 10 cents per share, reflecting a 7.9% yield.

Outlook and guidance

• Expectation of revenue and profit increase in H2 FY26, with full year results anticipated to exceed FY25.

• 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.