ValueMax has reported earnings of $48 million for the 1HFY2025 ended June 30, up 35.5% y-o-y.
The group’s revenue came in 16.8% y-o-y higher for 1HFY2025 at $268.3 million, and gross profit grew 27.7% y-o-y to $81.1 million.
This increase in revenue for the period is due to increase in revenue from retail and trading of jewellery and gold, pawnbroking and moneylending businesses of $30.4 million, $4.7 million and $3.4 million respectively.
This resulted in overall gross profit margin increasing due to better gross margins achieved by all three business segments.
The group’s cost of sales increased to $187.2 million in 1HFY2025 due to cost of goods sold for retail and trading of jewellery and gold business increasing, in line with the increase in revenue.
Other operating income increased due to the gain on excess of fair value over consideration of interest acquired in subsidiaries.
See also: Creative remains in the red for FY2025; guides for better FY2026
The group’s share of results of associates increased $900,000 due to improved performances from its associated companies. As a result, there was an increase in profit before tax of $15.1 million.
As at end June, current assets increased to $993.4 million due to increases in trade and other receivables, cash and bank balances and inventories of $87.1 million, $29.7 million and $2.3 million respectively.
The net cash generated from financing activities in 1HFY2025 amounted to $50.1 million comprising the net proceeds from loans and borrowings of $54.7 million and proceeds from issuance of shares pursuant to the exercise of warrants of $24.1 million. These were partially offset by the payment of the principal portion of lease liabilities of $2.9 million and payment of dividends of $25.8 million.
Shares in ValueMax closed 5 cents higher or 6.623% up at 80.5 cents on Aug 12.
