The Hour Glass (AGS) H2 2026 earnings summary

Executive summary

• Revenue for FY2026 rose 15% year-over-year to $1.34 billion, with profit after tax up 32% to $179.5 million.

• Gross margin slightly decreased to 30.4% from 30.9% year-over-year.

• The Group recorded a $20.3 million fair value gain on investment properties, reversing a prior year loss.

• Net assets attributable to owners reached $1.07 billion as of 31 March 2026.

Financial highlights

• Revenue: $1,338.2 million for FY2026, up 15% year-over-year.

• Profit after tax: $179.5 million, up 32% year-over-year.

• Earnings per share: 27.79 cents, up 33% year-over-year.

• Cash and bank balances: $157.5 million at year-end.

• Inventories increased to $362.2 million from $328.3 million.

Outlook and guidance

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

• Geopolitical and macroeconomic uncertainties are expected to dampen luxury consumer sentiment.

• Strategic partnerships with leading watch brands provide resilience.