Noel Gifts International (543) H1 2026 earnings summary

Executive summary

• Revenue rose 37.0% YoY to $7.974m, supported by $3.1m in SG60 project sales; net loss narrowed to $51k from $1.083m.

• Gross profit increased 32.0% to $3.993m; lower other operating income partly offset reduced distribution and administrative expenses and a receivables allowance write-back.

Financial highlights

• Cost of sales rose 42.4% to $3.981m as revenue expanded; gross profit grew 32.0% to $3.993m.

• Other operating income fell to $229k from $807k, mainly due to lower interest rates and reduced deposit balances.

• Distribution costs declined 9.4% to $1.186m; administrative expenses declined 6.3% to $3.154m, reflecting lower salary-related and manpower costs.

• Receivables allowance was written back by $214k, versus a $51k charge in 1H FY2025, following focused collection efforts.

• Loss before tax was $55k versus $1.083m; net loss was $51k versus $1.083m, with a $4k income tax credit.

Outlook and guidance

• Operating conditions remain challenging amid more prudent consumer spending and stronger price competition; priorities include internal discipline, technology and customer service.

• Development work is progressing, with architect and consultant coordination underway ahead of builder appointment.