GP Industries (G20) H1 2026 earnings summary

Executive summary

• H1 FY2026 revenue fell 2.5% to S$556.0m; profit attributable to equity holders rose 12.7% to S$16.3m, supported by associate earnings and lower finance costs.

• Interim dividend recommended at 1.75 Singapore cents per share, up from 1.5 cents, with a 54% payout ratio.

Financial highlights

• Revenue was S$556.0m, down 2.5% YoY; gross profit declined 6.5% to S$158.4m as gross margin fell to 28.5% from 29.7%.

• Profit before finance costs and share of associates decreased 10.7% to S$33.8m; profit after tax rose 11.7% to S$24.9m.

• Profit attributable to equity holders increased 12.7% to S$16.3m; basic and diluted EPS rose 9.0% to 3.26 Singapore cents.

• Distribution costs fell 5.6% to S$67.7m and administrative expenses fell 8.9% to S$64.7m; other operating income declined 29.3% to S$10.7m.

• Net cash from operating activities was S$6.3m, versus S$11.6m in 1H FY2025; cash and cash equivalents ended at S$174.7m.

Outlook and guidance

• Management will monitor tariff exposure and macroeconomic developments, with priorities including cost control, product development, brand leverage and global sales-channel expansion.

• Plans include accelerating divestment of non-core assets, including vacant land and unused factories in China; assets may be rented if market conditions are unfavorable for disposal.

• Management cited its diversified manufacturing footprint, adaptable supply chain and brand portfolio as support for navigating uncertainty and pursuing profitability and market-share growth.