Noel Gifts International (543) H2 2025 earnings summary

Executive summary

• FY2025 was a consolidation year; revenue from continuing operations rose 5.6% YoY to $17.6 million, supported by $2.6 million in SG60 Baby Gift project sales.

• Continuing operations returned to profit of $262,000 from a $853,000 loss in FY2024; FY2024 total profit included a one-off gain from the investment-property collective sale.

Financial highlights

• Revenue was $17.604 million versus $16.667 million; gross profit rose 7.8% to $8.845 million and gross margin increased to 50.2% from 49.2%.

• Other operating income increased to $1.388 million from $830,000, including $907,000 interest income and a $100,000 gain on disposal of plant and equipment.

• Distribution costs fell to $2.1 million from $2.4 million, while administrative expenses rose to $7.4 million from $6.9 million, mainly on higher staff costs.

• Net profit attributable to shareholders was $262,000; continuing-operations EPS was 0.26 cents versus a loss of 0.83 cents in FY2024.

• Total assets were $68.189 million versus $51.511 million; equity was $32.030 million versus $43.890 million at FY2024 year-end.

Outlook and guidance

• Challenging conditions are expected to continue, with rising costs, cautious consumer spending and changing customer expectations; priorities include innovation, personalisation, customer relationships and cost discipline.

• Development of up to ten 3-storey residential units at Jalan Jamal and Elite Park Avenue is expected to start in FY2026; completion is estimated for 2029.

• The SG60 Baby Gift contract is valued at up to $7.63 million; the project’s sales contribution in FY2025 was $2.6 million.