Year-on-year, the mainboard-listed company increased revenue by more than 40% to nearly $94 million, gross profit by 27.3% to approximately $31 million and net profit by 23% to around $15.5 million. EPS attributable to shareholders increased by around 22.5% to 14.09 cents.
Marine engine distributor XMH Holdings announced on Dec 12 a strong set of results for the six months ending Oct 31, recording growth for all three of its business segments.
However, the gross profit margin decreased to 32.9% in 1HFY2026 from 36.3% in 1HFY2025. The company attributes the decline to additional costs for meeting the deliveries deadlines and higher customer discounts.
