GP Industries anticipates up to $15m profit increase for H1 2025

The company said it is due to improved gross profit margin.

GP Industries Limited is eyeing an increase in profit attributable to shareholders of the company within the range of $13.5m to $15m for the first half of the financial year 2025 (H1 2025).

The company attributes this projected growth to an improved gross profit margin, enhanced product mix, and operational efficiencies after rebalancing the group’s manufacturing facilities in China and Southeast Asia.

However, the total revenue generated by its rechargeable batteries business is expected to drop substantially after the distribution in specie of shares in GP Energy Tech Limited in January 2024.

The decline will be compensated by the strong demand for the company’s primary batteries and KEF brand products.

GP Industries is still in the process of finalising its financial results for H1 2025.