Hallenstein Glasson Holdings Limited Ordinary Shares
HLG.NZXConsumer Discretionary
The present company was the vehicle for the merger of Hallensteins and Glassons retail chains in 1985. The company's stores cater for the medium priced-quality end of the market, and the group's property assets are principally occupied by Hallensteins and Glassons stores. In June 2003, the company decided to withdraw its Hallensteins menswear chain from Australia and focus expansion on the Glassons womenswear chain. In March 2004 it agreed to sell its HBKGirl outlets. In September 2007 the group's total stores stood at 111, including 25 in Australia. In May 2008, HLG moved its Glassons buying team to Melbourne for the purposes of moving its `core function' to the `growth opportunities' that are present within the Australian market.
Market Data
$9.950
+0.0%$593.5M
12.8x
$0.776
7.11%
+0.3%
Latest Earnings
HLG Interim Report for 6 months ended 1 February 2026
30 April 2026
Hallenstein Glasson Holdings delivered a strong first half for FY2026, with total Group sales of NZ$275.2 million, up 14.6% on the prior corresponding period, driven by exceptional growth in Glassons Australia (+22.4%) and improved gross margins of 60.9% (vs 58.5% pcp). Group net profit before tax of $39.8 million rose 32.9% on pcp, with net profit after tax of $28.0 million up 32.1%, in line with guidance issued on 27 February 2026. The Board declared an interim dividend of 29.0 cents per share (partially imputed at 32.7%), up from 24.5 cents in the prior period. Key points: Group sales of NZ$275.2 million, up 14.6% on pcp, with all segments delivering growth; Glassons Australia delivered exceptional sales growth of +22.4% to $151.8 million, with net profit before tax up +17.9% to $20.0 million; Gross margin improved to 60.9% from 58.5% in pcp, despite challenging foreign exchange environment on inventory purchases
Recent Announcements
HLG Interim Report for 6 months ended 1 February 2026
Hallenstein Glasson Holdings delivered a strong first half for FY2026, with total Group sales of NZ$275.2 million, up 14.6% on the prior corresponding period, driven by exceptional growth in Glassons Australia (+22.4%) and improved gross margins of 60.9% (vs 58.5% pcp). Group net profit before tax of $39.8 million rose 32.9% on pcp, with net profit after tax of $28.0 million up 32.1%, in line with guidance issued on 27 February 2026. The Board declared an interim dividend of 29.0 cents per share (partially imputed at 32.7%), up from 24.5 cents in the prior period. Key points: Group sales of NZ$275.2 million, up 14.6% on pcp, with all segments delivering growth; Glassons Australia delivered exceptional sales growth of +22.4% to $151.8 million, with net profit before tax up +17.9% to $20.0 million; Gross margin improved to 60.9% from 58.5% in pcp, despite challenging foreign exchange environment on inventory purchases
Directors and Officers Disclosure
James McLauchlan, Chief Executive Officer of Hallenstein Glasson Holdings Limited (HLG), acquired 3,500 ordinary shares on 17 April 2026 at $9.73 per share for $34,049.65, increasing his beneficial holding (with Lily Carlyon) from 5,000 to 8,500 shares.
HGH Ltd Results for the 6 months ended 1 February 2026
Hallenstein Glasson Holdings delivered a strong HY1 FY2026 result with group sales of NZD $275.2M, up 14.6% on the prior corresponding period, driven by robust growth across all brands, particularly Glassons Australia (+22.4%). NPAT rose 32.1% to $28.0M, with gross margin expanding 240bps to 60.9%, and the result was in line with previously issued guidance. An interim dividend of 29.0 cents per share (partially imputed) was declared, up 18.4% on the prior period, while early second-half trading is up 20.1% on the same period last year though the company cautions against extrapolating this performance. Key points: Group sales grew 14.6% to NZD $275.2M, with all brands and geographies delivering positive growth; Gross margin expanded 240bps to 60.9% (from 58.5% pcp), despite a challenging FX environment for inventory purchases; NPAT increased 32.1% to $28.0M and NPBT rose 32.9% to $39.8M, in line with NZX guidance issued 27 February 2026
Half Year Results - 27 March 2026
Upcoming half year results expected 27 March 2026 (from NZX schedule)
Trading Update and Profit Forecast
Hallenstein Glasson Holdings Limited reported unaudited Group sales of $275.2 million for the six months ended 1 February 2026, up 14.6% year-over-year, with expected net profit before tax of $39.3-$39.8 million, representing a 32.1% increase from the prior year.
Summary of the results of the AGM held on 10 December 2025
Hallenstein Glasson Holdings held its Annual General Meeting on 10 December 2025 in Christchurch, where all five resolutions were passed by shareholders. Key outcomes included the election of Peter Steenson and re-election of Malcolm Ford and Joanne Appleyard as directors, approval of increased director remuneration cap to NZ$854,000, and reappointment of PricewaterhouseCoopers as auditors. This announcement contains no financial results or earnings data. Key points: All five AGM resolutions passed successfully by shareholder vote; Peter Steenson elected as new Director with 99.87% approval; PricewaterhouseCoopers reappointed as auditors with 99.86% approval
HLG Full Year Results for the period ending 1 August 2025
Hallenstein Glasson Holdings delivered a strong full year result for the 12 months to 1 August 2025, with revenue growing 8.1% to NZD $470.7M and net profit after tax rising 14.4% to NZD $39.5M. Operating profit increased to $61.0M from $54.3M, supported by gross margin expansion and disciplined cost management. The company declared a final dividend of 30.5 cents per share, with total dividends paid in the year of $30.4M, and ended the period with a strengthened cash position of $58.3M. Key points: Revenue grew 8.1% to $470.7M and NPAT grew 14.4% to $39.5M, demonstrating strong top-line and bottom-line momentum; Gross profit increased to $279.3M (from $258.7M), with gross margin improving slightly to 59.3% from 59.4%; Operating cash flow remained robust at $88.6M, with cash and equivalents increasing to $58.3M from $45.9M
HGH Ltd Results for the 6 months ended 1 February 2025
Hallenstein Glasson Holdings reported HY1 FY2025 revenue of NZD $240.0M, up 7.7% on the prior corresponding period, driven primarily by strong Glassons Australia growth of +15.8%. Group NPAT of $21.2M was essentially flat (+0.3%), as gross margin compressed 40bps to 58.5% due to a challenging New Zealand retail environment and USD headwinds on inventory costs. The Board declared an interim dividend of 24.5 cents per share (partially imputed at 40.5%), up from 24.0 cents in the prior period, supported by a strong balance sheet with $49.9M cash. Key points: Group revenue grew 7.7% to $240.0M, driven by Glassons Australia sales up 15.8% to $123.9M.; Glassons New Zealand delivered NPAT growth of +18.0% despite flat sales (+0.2%), reflecting improved cost discipline.; Strong balance sheet with $49.9M cash (up from $43.0M pcp) and net cash position; no debt.
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