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Grand Banks Yachts FY2025 earnings down 14.8% y-o-y to $18.2 mil; final dividend of 1 cent declared

Nicole Lim
Nicole Lim • 2 min read
Grand Banks Yachts FY2025 earnings down 14.8% y-o-y to $18.2 mil; final dividend of 1 cent declared
Gross profit declined due to the large number of trade-in boat sales which typically have lower margins, higher production hours, higher material costs and weakening of the US dollar.
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Grand Banks Yachts has reported a 14.8% y-o-y lower earnings of $18.2 million for the full year 2025 ended June 30. For the 2HFY2025, earnings declined 26.3% y-o-y to $10.7 million.

The group’s revenue for the FY2025 came in 21.4% y-o-y higher at $162.3 million, and up 38.6% y-o-y for the 2HFY2025 to $96.1 million.

Earnings per share came in at 9.77 cents for the full year, down 15.6% y-o-y.

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