The Hour Glass (AGS) H2 2026 earnings summary

Executive summary

• Achieved record revenue of $1.34 billion for FY2026, up 15.1% year-over-year, and profit after tax of $179.5 million, a 32% increase, driven by improved operational efficiency and a $20.3 million fair value gain on investment properties.

• Net asset value rose to $1.07 billion, or $1.67 per share, with no borrowings at year-end and cash balances of $157.5 million.

• Board recommends a total dividend of 6.0 cents per share, totaling $38.5 million.

Financial highlights

• Revenue increased to $1,338.2 million from $1,162.9 million year-over-year.

• Profit before tax rose to $234.5 million from $175.4 million; profit after tax reached $179.5 million, up from $136.1 million.

• Gross margin was 30.4% (down from 30.9%), net margin improved to 13.4% (from 11.7%).

• Earnings per share increased to 27.79 cents from 20.94 cents.

• Net asset value per share rose to $1.67 from $1.43.

Outlook and guidance

• Management remains cautious amid global economic uncertainty, prioritizing financial clarity and conservative returns.

• Focus on maintaining robust partnerships and balance sheet strength to navigate industry disruptions.