Link: https://links.sgx.com/1.0.0/corporate-announcements/ORCTVR3WY8EMMP2E/e2f16e9368eadcbab62133fd88e46d4a0d70fad881a2c866edf77add0041b2f2

Summary:

• Strong Financial Performance

  • Group revenue rose to S$830.6 million, up 8.6% from S$764.8 million in FY2024, driven by resilient demand for luxury timepieces.

  • Net profit attributable to shareholders surged 10.6% to S$63.6 million (FY2024: S$57.5 million).

  • Gross profit margin slightly improved to 26.7%, reflecting better product mix and pricing.

• Regional Operations

  • Growth seen across key markets in Singapore, Malaysia, Thailand, and Hong Kong.

  • Continued investment in boutique network, with renovations and new store openings enhancing brand presence.

• Strong Balance Sheet

  • Cash and cash equivalents stood at S$132.4 million, supporting future expansion and working capital.

  • Net tangible assets per share improved to 262.9 cents.

• Dividend Payout

  • Proposed final dividend of 6.0 cents per share, bringing total dividends for FY2025 to 9.0 cents, unchanged from FY2024.

• ESG / Sustainability Efforts

  • Continued focus on sustainability reporting, stakeholder engagement, and ethical sourcing, though climate targets remain in early stages.

• Outlook

  • The Group remains cautiously optimistic for FY2026 despite geopolitical tensions and macroeconomic uncertainties.

  • Plans to continue strengthening its portfolio and customer experience to drive long-term growth.