Grand Banks Yachts Limited on Mar, 2 2026 released unaudited results for the six months ended Dec, 31 2025 (1H FY2026), reporting revenue of 71.36 million Singapore dollars, a 6.2 % increase from 67.20 million Singapore dollars in the prior-year period. Gross profit declined 19.3 % to 17.54 million Singapore dollars, trimming the gross profit margin to 24.6 % from 32.4 %.

Profit before tax fell 60.4 % to 4.52 million Singapore dollars, while profit after tax dropped 61.2 % to 2.94 million Singapore dollars. Earnings per share were 1.57 Singapore cents, compared with 4.05 Singapore cents a year earlier.

Total assets stood at 187.27 million Singapore dollars as at Dec, 31 2025, up 4.3 % from Jun, 30 2025. Cash and fixed deposits declined to 24.16 million Singapore dollars from 51.52 million Singapore dollars, reflecting investments in inventory boats, the acquisition and upgrade of the 100-foot Supermaxi Palm Beach XI (formerly Wild Oats XI) in Oct 2025, and the purchase of a marina in Newport, Rhode Island. Total borrowings rose 23.9 % to 34.78 million Singapore dollars. Net asset value per share increased to 56.75 Singapore cents from 54.75 Singapore cents.

The company’s net order book amounted to 144.7 million Singapore dollars at Dec, 31 2025, compared with 156.6 million Singapore dollars at Jun, 30 2025. An interim dividend of 0.5 Singapore cent per ordinary share was proposed, unchanged from the previous year.

Grand Banks Yachts said eight build-to-order and four trade-in or pre-owned boats were sold during the period. Management expects the sale of inventory boats and recent investments in Palm Beach XI and Newport Marina to support future performance and strengthen global branding.