Glg Corp Ltd
GLE.ASXConsumer Discretionary
Global supplier of knitwear/apparel and supply chain management operation.
Market Data
$0.145
+0.3%$10.7M
-100000.0x
$-0.044
0.00%
+0.2%
Latest Earnings
Half Year Financial Report and Appendix 4D
27 February 2026
GLG Corp reported a difficult 1HFY2026 (half year ended 31 December 2025), with revenue falling 18.7% to US$54.1m driven by macro headwinds, tariff pressures, loss of a product line, and a credit-risk-related order rejection. The company swung to a net loss after tax of US$0.5m from a prior period profit of US$0.4m, partly due to a one-off US$0.3m prior-year tax assessment. Management flagged continued headwinds into FY2026 but noted improving gross margins (up 1.2ppt to 18.9%) and disciplined cost controls as partial offsets. Key points: Gross profit margin improved by 1.2 percentage points from 17.7% to 18.9%, reflecting better production capacity management and streamlined processes; Operating cash flow remained positive at US$6.2m, demonstrating continued cash generation despite the revenue decline; Total borrowings reduced by 14.8% from US$26.1m to US$22.2m, including full repayment of a US$2.3m bank loan
Recent Announcements
Half Year Financial Report and Appendix 4D
GLG Corp reported a difficult 1HFY2026 (half year ended 31 December 2025), with revenue falling 18.7% to US$54.1m driven by macro headwinds, tariff pressures, loss of a product line, and a credit-risk-related order rejection. The company swung to a net loss after tax of US$0.5m from a prior period profit of US$0.4m, partly due to a one-off US$0.3m prior-year tax assessment. Management flagged continued headwinds into FY2026 but noted improving gross margins (up 1.2ppt to 18.9%) and disciplined cost controls as partial offsets. Key points: Gross profit margin improved by 1.2 percentage points from 17.7% to 18.9%, reflecting better production capacity management and streamlined processes; Operating cash flow remained positive at US$6.2m, demonstrating continued cash generation despite the revenue decline; Total borrowings reduced by 14.8% from US$26.1m to US$22.2m, including full repayment of a US$2.3m bank loan
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