Thakral Corporation has reported earnings of $19.5 million for the 3QFY2025 ended Sept 30, a more than fourfold increase from the same period a year ago.
Earnings for the 9MFY2025 similarly surged by 767% y-o-y to $128.8 million.
Revenue for the 3QFY2025 rose 52% y-o-y to $115.9 million, and revenue for the 9MFY2025 rose 35% y-o-y to $276.4 million.
Revenue from the investment segment grew primarily due to a S$22.6 million gain on fair valuation of GemLife securities recorded in 3QFY2025 as the listed entity’s value has appreciated on the Australian stock exchange, in which Thakral owns a 16.8% stake.
The group saw an increase in share of profits from associates increased 21% y-o-y to $15.6 million for 9MFY2025 and 126% to $10.0 million for 3QFY2025, due to the divestment of Yotsubashi Nakano Building in Osaka, Japan, generating a net attributable gain of $2.0 million and cash proceeds of $6.4 million.
The group’s lifestyle business segment continued to drive robust revenue growth for the nine months. For the 9MFY2025, revenue from the segment grew 28% y-o-y to $254.4 million, from demand across South Asia and Greater China.
The group expanded its brand portfolio with the addition of Miu Miu Fragrances and Yuesai skin care products. Its exclusive distributorship with DJI continues to gain traction, with the expanded range of drones, gimbals, action cameras, and accessories driving broader adoption across agriculture, enterprise, and content-creation sectors.
Thakral will set up 20-30 DJI stores across India and other South Asian countries over the next 2-3 years, this will include flagship stores in major cities from Q1 2026.
In India, the Group’s Nespresso operations continue to scale through its New Delhi retail boutique, e-commerce platform, and Amazon store. Thakral is also building partnerships with renowned hospitality brands such as Conrad, Fairmont, and JW Marriott in India.
Segmental profit rose 26.8% to S$13.0 million, supported by strong consumer demand and an expanding product offering across Greater China and South Asia.
See also: Far East Orchard NPAT doubles y-o-y to $37.2 mil for 9MFY2025 from one-off gains
This quarter, Thakral’s associate The Beauty Tech Group launched its IPO on the London Stock Exchange on Oct 9, raising GBP29 million with a market cap of GBP300 million.
The transaction is expected to deliver a total financial uplift of approximately $28.5 million, which will be reflected in its 4QFY2025 results.
Shares in Thakral closed 3 cents higher or 1.852% up at $1.65 on Nov 6.
