Hallenstein Glasson (HLG) H2 2025 earnings summary

Executive summary

• Group sales for the year ended 1 August 2025 reached $470.7M, up 8.1% year-over-year, with net profit after tax rising 14.4% to $39.5M compared to the prior year.

• Gross margin remained stable at 59.3% despite ongoing foreign exchange challenges.

• Online sales accounted for 18.0% of group turnover, with digital sales growing 6.7% year-over-year.

• The group maintains a strong balance sheet and working capital position, supporting increased dividend payments.

Financial highlights

• Sales revenue: $470.74M (up 8.1% year-over-year).

• Net profit after tax: $39.46M (up 14.4% year-over-year).

• Basic earnings per share: 66.2 cents (up from 57.8 cents last year).

• Total equity: $111.90M; total assets: $231.22M.

• Final dividend declared: 30.5 cents per share, full year dividend: 55.0 cents per share.

Outlook and guidance

• First seven weeks of FY2026 show group sales up 12.9% year-over-year, mainly driven by Australia and new/refurbished stores.

• New Zealand trading conditions remain mixed due to cost-of-living pressures.

• Further updates to be provided at the December 2025 Annual Meeting.