XMH Holdings has reported earnings of $12.6 million for the 1HFY2025 ended October, up 94.5% y-o-y from the same period last year.
For 1HFY2025, earnings per share stood at 11.49 cents, up from 5.91 cents for 1HFY2024.
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: GKE Corp expects 1HFY2025 earnings to be a 'significant' increase over 1HFY2024
No dividends were declared for the period.
Shares in XMH Holdings closed flat at 36.5 cents on Dec 12.
