The Hour Glass (SGX:AGS
) has reported earnings of $179.5 million for the FY2026 ended March 31, up 32% y-o-y. Earnings per share was up 33% to 22.79 cents in the same period.
Revenue rose 15% y-o-y to $1.34 billion driven by stronger sales momentum while profit before taxation was up 34% y-o-y to $234.5 million.
Meanwhile, a fair value gain on investment properties of $20.3 million also contributed to its bottom line.
As at March 31, The Hour Glass has a debt free balance sheet with cash and bank balances stood at $157.5 million.
The group’s board of director has recommended a final dividend of 4 cents per share for FY2026, on top of the recent interim dividend of 2 cents per share, which was already paid.
“Management's energy this year was channelled into strengthening the operating model, deepening our partnerships, and ensuring the Group is always positioned to act with conviction,” says Michael Tay, managing director of The Hour Glass.
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The group says that persistent global uncertainty is expected to sustain cautious consumer sentiment across the markets it serves. Nonetheless, the group expects to remain profitable in the next financial year.
Shares of The Hour Glass closed 5 cents higher, or 2.07% up at $2.46 on May 22.
