Noel Gifts International (543) H2 2026 earnings summary

Executive summary

• FY2026 revenue eased 1.2% to $17.391m amid cautious consumer spending and intense competition; profit attributable to shareholders rose to $361k from $262k.

• Lower administrative expenses and a $255k net write-back of expected credit loss allowances supported the profit increase despite lower gross profit.

Financial highlights

• Revenue was $17.391m vs $17.604m; gross profit was $8.537m vs $8.845m.

• Profit before tax rose to $361k from $258k; profit attributable to shareholders was $361k vs $262k, and basic and diluted EPS was 0.35 cents vs 0.26 cents.

• Administrative expenses fell 12.6% or $0.9m, while gross profit declined 3.5% or $0.3m; a $0.3m ECL allowance write-back also contributed to higher profit.

• Total assets were $68.019m, shareholders’ funds $32.668m, and cash and bank balances $15.113m at 30 June 2026.

Outlook and guidance

• Business conditions are expected to remain challenging and competitive; priorities include customer acquisition, stronger customer relationships, operating efficiency and continued technology investment.

• Construction on the District 15 housing development is planned to commence in Q4 2026; launch is targeted for H1 2027 and completion is expected in 2029.

• Proposed FY2026 dividends are 0.1 Singapore cent per share first and final, plus a 0.2 Singapore cent special dividend, subject to shareholder approval.