The Hour Glass (AGS) H1 2026 earnings summary

Executive summary

• Revenue for the half year ended 30 September 2025 increased 14% year-over-year to $615.4 million, with gross margin stable at 30.8% compared to 30.7% in the prior year.

• Profit after tax rose 23% to $75.7 million, driven by higher sales and improved operational performance.

• An interim dividend of 2.00 cents per share was declared, unchanged from the previous year.

Financial highlights

• Revenue: $615.4 million, up 14% year-over-year.

• Profit before tax: $96.6 million, up 23% year-over-year.

• Net profit attributable to owners: $75.7 million, up 23% year-over-year.

• Basic and diluted EPS: 11.70 cents, up 24% year-over-year.

• Net asset value per share: $1.51 as at 30 September 2025, up from $1.43 as at 31 March 2025.

Outlook and guidance

• The group expects to remain profitable for the full financial year despite ongoing trade tensions and macroeconomic uncertainties.

• Strategic partnerships with leading watch brands are expected to support sustained performance.