Jumbo Group (SGX:42R
) has reported lower earnings of $6.2 million in 1HFY2026, ended March 31, down 22.3% y-o-y.
Revenue increased 7.9% y-o-y to $105.1 million in the period, driven by higher revenue contribution from its Singapore operations.
Revenue from the Singapore operations was up by 9.9% y-o-y to $92.7 million, mainly due to revenue contributions from recently opened outlets, with revenue from existing outlets remaining broadly stable.
Revenue from its People’s Republic of China (PRC) operations increased by 11.5% y-o-y to $10.7 million. The higher topline achieved was due to continued targeted marketing initiatives and customer engagement efforts, which helped to support higher dining demand.
Cost of sales, which comprised raw materials and consumables, increased 6.9% y-o-y to $35.9 million in 1HFY2026, in line with higher revenue.
Operating expenses increased mainly due to higher employee benefits expenses, operating lease expenses, utilities expenses and other operating expenses.
See also: Kimly's 1HFY2026 earnings up 10.6% y-o-y to $16.4 mil
Jumbo Group’s board of directors has declared a tax exempt one-tier interim cash dividend of 0.5 cents per share.
“Amid cost pressures and intense competition, we will remain focused on strengthening productivity, sharpening our offerings and building a more efficient platform for sustainable growth,” says Ang Kiam Meng, executive chairman and and CEO of Jumbo Group.
Barring any unforeseen circumstances, Jumbo Group maintains a cautious outlook over the next 12 months.
Shares of Jumbo Group closed unchanged at 28 cents on May 8.
