Link: https://links.sgx.com/1.0.0/corporate-announcements/G5KUJVVKYEI5JL9D/3a7decd8512a6b36f5a9f2f0c6e2873fa433f1ee0abe331bd4df3b2165cb0a2d

Summary:

• The Hour Glass Group reported a 3% increase in revenue, reaching $1.16 billion for the financial year ended March 2025 (FY2025), showcasing resilience in a challenging luxury market.
• Despite the revenue growth, profit after taxation decreased by 14% to $136.1 million, and earnings per share declined to 20.94 cents, reflecting industry consolidation and inflationary pressures.
• Operationally, the Group demonstrated its ability to navigate these market complexities through a focus on operational excellence and strategic partnerships.
• The company maintains a robust financial position, with cash and bank balances of $178.7 million and significantly reduced bank borrowings at $54.8 million.
• For FY2025, the Board of Directors has recommended a final dividend of 4 Singapore cents per share, as the Group anticipates continued macro-economic uncertainty and industry consolidation but is positioned to maintain profitability in the next financial year.