XMH Holdings Ltd posted a net profit of S$31.9 million for the year ended 30 April 2026, up 24.9% year-on-year, driven chiefly by a surge in engine distribution sales and tighter cost controls.
Earnings per share rose to 28.79 Singapore cents from 23.29 cents a year earlier. The board has declared: • a tax-exempt special interim dividend of 3.00 Singapore cents a share, payable on 16 July 2026; and • proposed final and special tax-exempt dividends totalling 8.00 Singapore cents a share (0.25 cent final and 7.75 cents special), subject to shareholder approval at the August 2026 AGM and payable on 17 September 2026. This lifts total FY2026 dividends to 11.00 cents a share, 37.5% higher than the 8.00 cents declared for FY2025.
Group revenue increased 10.9% to S$185.4 million. The Distribution segment was the main growth engine, with sales jumping 27.1% to S$109.3 million and pre-tax profit climbing to S$33.5 million (FY2025: S$25.2 million). Project revenue slipped 7.7% to S$60.5 million, reflecting fewer projects reaching revenue-recognition milestones; segment pre-tax profit eased to S$7.2 million (FY2025: S$7.2 million). After-Sales revenue was broadly flat at S$15.6 million, while pre-tax profit improved to S$8.0 million (FY2025: S$7.6 million).
Gross profit margin edged up to 34.0% from 32.6%, supported by a favourable sales mix and lower input costs. Net finance costs halved to S$0.8 million following early repayment of term loans and reduced utilisation of revolving facilities and trust receipts. A S$2.7 million swing to a foreign-exchange gain also buoyed the bottom line.
Despite higher marketing outlays and staff bonuses, the group maintained disciplined cost management. Administrative expenses grew 8.9% to S$22.1 million, while distribution costs rose 12.2% to S$7.1 million. Inventory rose to S$78.8 million to meet confirmed orders, but contract assets fell to S$13.5 million after progressive billings. Net debt was pared to S$5.0 million from S$32.6 million, strengthening the balance sheet.
Looking ahead, management said it will focus on prudent inventory and cost control, operational efficiency and disciplined execution to navigate potential headwinds from geopolitical tensions, supply-chain disruptions and inflationary pressures. A “healthy” order book and continued demand across key markets are expected to underpin performance in the next 12 months.