The Hour Glass posts 23.2% rise in profit for H1 FY2026 to S$75.7 million

The Hour Glass reported a 23.2 per cent rise in net profit to S$75.7 million for the six months ended Sep 30, 2025, from S$61.4 million in the year-ago period.

The luxury watch retailer said in a bourse filing on Friday (Nov 14) that its first-half revenue increased 13.9 per cent to S$615.4 million, from S$540.3 million in H1 FY2025.

After accounting for other income, revenue stood at S$622.7 million, up from S$548.8 million the year before.

Gross margin for H1 FY2026 also stood slightly higher at 30.8 per cent, compared with 30.7 per cent in the year-ago period.

The company said that it incurred higher operating expenses in the half-year, due to increased depreciation of property, plant and equipment versus the previous corresponding period.

It announced an interim dividend of S$0.02 per share, payable on Dec 8.

Earnings per share for the period stood at S$0.117, up 23.7 per cent from S$0.0946 in H1 FY2025.

The Hour Glass noted that ongoing trade tensions, along with macroeconomic uncertainties, will continue to impact luxury consumer sentiment.

Still, it expects to remain profitable for the full financial year. It added: “The group’s strategic partnerships with leading watch brands provide a resilient foundation for sustained performance.”

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Shares of The Hour Glass closed 1.9 per cent or S$0.04 lower at S$2.06 on Friday, before the results were released.

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