GKE Corporation has reported earnings of $8.85 million for the full year ended May 31, 2025, up 105.6% y-o-y.
For the 2HFY2025, earnings came in 84.5% y-o-y higher at $4.44 million.
The group’s earnings per share for the full year stood at 1.15 cents, and at 0.58 cents for the second half of 2025.
GKE plans to pay a final dividend of 0.35 cents per share, which brings its full year payout to 0.4 cents.
Revenue for the full year grew 14.4% y-o-y to $126.5 million, while revenue for the second half of 2025 grew 15.1% y-o-y to $63.4 million.
This was driven by increased revenue across all reportable business segments, which were primarily driven by higher income from container trucking, freight forwarding services, marine logistics, and high occupancy rates in the warehousing and logistics segment.
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An increase in sales volume of ready-mix concrete (RMC) in the infrastructural materials and services segment, and the initial contribution from the newly established retail and distribution business in the telecommunications sector also contributed to higher revenue.
In line with the revenue increase, gross profit rose by 12.1% y-o-y, to $36.4 million for the full year. The composite gross margin saw a slight decline from 29.4% in FY2024 to 28.8% in FY2025, attributed to the nature of the retail and distribution business.
This decrease was partially offset by improvements in the gross margins of the warehousing and logistics, as well as the infrastructural materials and services segments.
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The group’s profit before tax growth of 83.7% y-o-y for the full year to $12.4 million can be attributed to a net gain of $1.1 million on the disposal of intangible assets, an improvement of $3.2 million in the allowance for expected credit losses on receivables in China, and higher profit contributions from both the warehousing and logistics segment and the infrastructural materials and services segment.
As at May 31, the group’s net asset value stood at $100.1 million, up 6.1% y-o-y. Cash and short term deposits stood at $30.45 million, up 15% y-o-y. Long term and short term bank borrowings came in at $27.45 million and $11.03 million respectively.
Shares in GKE Corporation closed 0.3 cents lower or 3.125% down at 9.3 cents on July 28.
