Hallenstein Glasson (HLG) H1 2026 earnings summary

Executive summary

• Net profit after tax rose to $28.0m for the six months ended 1 February 2026, up 32.1% year-over-year.

• Total comprehensive income reached $27.8m, compared to $23.3m in the prior period.

• Sales revenue increased to $275.2m, up 14.6% year-over-year.

• Net profit before tax rose 32.9% to $39.8m.

• Interim dividend of 29.0 cents per share declared, up from 24.5 cents last year.

Financial highlights

• Gross profit was $167.5m, up from $140.3m year-over-year.

• Gross margin improved to 60.9% from 58.5% year-over-year.

• Operating profit reached $41.1m, compared to $31.1m in the prior period.

• Digital sales accounted for 18.1% of total sales, up from 17.7% last year; online sales grew 16.9%.

• Cash and cash equivalents at period end were $67.5m, up from $49.9m year-over-year.

Outlook and guidance

• Group sales for the first seven weeks of the second half are up 20.1% year-over-year in local currencies.

• Margin trends remain consistent, but growth rates may be harder to replicate in upcoming months.

• Caution expressed due to upcoming major sale periods and macroeconomic uncertainties.

• The Board resolved to pay an interim dividend of 29.0 cents per share, up from 24.5 cents in the prior year.