Meanwhile, the group’s 1HFY2025 revenue saw a 5.8% y-o-y drop to $66.9 million. This came on the back of a decline in revenue in the group’s project segment, which fell to $19.3 million in 1HFY2025 from $24.7 million in the same period last year. This was due to lower income recognition of revenue for projects in progress.
That said, this was offset by increased revenue from the group’s distributions and after-sales segments.
For the same period, gross profit saw a 8.1% y-o-y increase to $24.3 million, while gross profit margin increased to 36.3% from 31.6% in 1HFY2024.
This came on the back of increased profit margin from the group’s distribution and after-sales segments due to an increased demand for engines and spare parts.
See also: Jardine Matheson posts loss of US$468 mil, but underlying net profit stood at US$1.47 bil
No dividends were declared for the period.
Shares in XMH Holdings closed flat at 36.5 cents on Dec 12.
