The Hour Glass (AGS) H2 2026 earnings summary

Executive summary

• Revenue grew 15% year-over-year to $1.34 billion, reflecting sustained topline momentum.

• Profit after tax increased 32% to $179.5 million, driven by stronger sales and improved operational efficiency.

• Performance exceeded previous years despite global economic turbulence and luxury sector contraction.

Financial highlights

• Profit before taxation rose 34% to $234.5 million compared to the prior year.

• Earnings per share climbed 33% to 27.79 cents.

• Cash and bank balances reached $157.5 million.

• Fair value gain on investment properties contributed $20.3 million to profit after tax.

Outlook and guidance

• The Group expects to remain profitable in the next financial year.

• Persistent global uncertainty and cautious consumer sentiment anticipated across markets.

• The specialist watch sector is undergoing a structural reset, favoring resilient balance sheets and authentic partnerships.