Hour Glass net profit rises 23% in H1 FY2026
Its associate gains and higher margins drove earnings growth despite cost pressures.
Net profit attributable to shareholders of The Hour Glass Limited rose 23% to $75.7m for the half-year ended 30 September 2025, compared with $61.4m a year earlier.
Earnings per share increased to 11.70 cents from 9.46 cents, according to a filing.
Gross margin held at 30.8% in H1 FY2026. Operating expenses rose as depreciation of property, plant and equipment increased 29% to $9.0m, whilst rental costs nearly doubled to $5.4m. Finance costs climbed 6% to $4.1m. Share of results from associates contributed $5.7m, up 24% year on year (YoY), supporting net profit growth.
Net assets attributable to shareholders stood at $972.3m, equivalent to $1.51 per share. Cash balances rose to $196.1m from $178.7m at 31 March 2025, whilst inventories reached $347.2m. Borrowings increased to $86.5m compared with $54.8m six months earlier.
The board declared an interim dividend of 2.00 cents per ordinary share, payable on 8 December 2025.