GRP Ltd swings to 1H FY2026 net loss on weaker industrial products and tooling demand
Summary:
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GRP Limited reported a net loss for the half year ended 31 December 2025 (1H FY2026), reversing from a net profit a year earlier, on softer demand across key business segments.
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Revenue declined in the Hose & Marine and Measuring Instruments segments amid slower project activity and weaker industrial spending, compressing overall gross margins.
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Higher operating expenses, including staff costs and overheads, further weighed on profitability despite cost-control efforts.
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The Group highlighted challenging macro conditions in its core markets and signalled continued focus on cost discipline, working-capital management and selective growth investments.
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No interim dividend was declared for 1H FY2026 as the company prioritises balance-sheet strength and liquidity.