JS Global Lifestyle Company (1691) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was US$741.2M, down 4.3% year-over-year; gross profit fell 7.7% to US$229.3M.

• Net profit reached US$13.0M, reversing a US$53.7M loss in H1 2025; adjusted net profit rose 9.6% to US$14.8M.

• EBITDA was US$17.8M, compared to a US$44.6M loss last year; adjusted EBITDA declined 13.3% to US$19.6M.

• No interim dividend was declared for the period.

Financial highlights

• Gross margin decreased to 30.9% from 32.1% year-over-year.

• Joyoung segment revenue dropped 4.7% to US$466.9M; SharkNinja APAC grew 6.2% to US$244.4M.

• Cooking appliances led with 44.7% of sales, up 13.3% year-over-year; food prep and cleaning appliances declined.

• Administrative expenses fell 37.8% to US$83.0M, mainly due to lower stock-based compensation.

• Finance costs increased 66.7% to US$2.5M.

Outlook and guidance

• The company expects continued global economic uncertainty, with challenges in Chinese Mainland and differentiated growth across Asia Pacific.

• Strategic focus remains on product innovation, market expansion, operational efficiency, and disciplined geographic growth.