Link: https://links.sgx.com/1.0.0/corporate-announcements/GQEP16YM7GJOFF3S/0edbf53755396061dc36858a9709a12200288edabc4fa042074c01cf337ccdb0

Summary:

• Group revenue surged 14% year-on-year to S$615.4 million for six months ended 30 September 2025, driven by robust demand in luxury watches and jewellery across Southeast Asia and Oceania.

• Gross margin increased to 30.8% (from 30.7%). Profit attributable to owners of the company rose 23% to S$75.7 million.

• Earnings per share advanced to 11.70 cents (from 9.46 cents).

• Operating cash flow more than doubled to S$105.9 million (from S$53.8 million last year); cash and bank balances rose to S$196.1 million.

• Net asset value per share increased to S$1.51.

• Interim dividend of 2.00 Singapore cents per share declared (same as previous year, payable 8 December 2025).

• Acquired Australian subsidiary THGRAU Pty Ltd, expanding Australian retail footprint.

• Board remains cautious, highlighting ongoing trade tensions and luxury consumer sentiment, but expects continued profitability for the full year.