XMH Holdings Ltd has posted a net profit of S$31.9 million for the 12 months ended 30 April 2026, up 24.9 per cent year-on-year, lifted by a broad-based rebound in its core Distribution business and favourable foreign-exchange movements.

The marine and industrial engine supplier’s top line expanded 10.9 per cent to S$185.36 million, translating into basic earnings per share of 28.79 Singapore cents (FY2025: 23.29 cents). The board has declared a 3.0-cent interim dividend (paid 16 July 2026) and proposed a final dividend of 0.25 cent plus a special dividend of 7.75 cents per share, payable on 17 September 2026 subject to shareholder approval. The total payout of 11.0 cents represents an increase from the 8.0 cents declared for FY2025.

Segmentally, the Distribution arm remained the growth engine, delivering pre-tax earnings of S$33.50 million, up 33.2 per cent from the preceding year, on revenue that surged 27.1 per cent to S$109.28 million. After-sales services contributed S$7.99 million in pre-tax profit (- down 0.4 per cent) while the Project division posted S$7.21 million (- 0.3 per cent). Group gross profit margin edged up to 34.0 per cent from 32.6 per cent, aided by a favourable sales mix and lower input costs. Net finance costs nearly halved to S$0.82 million after the early repayment of term loans and lower utilisation of trade facilities.

The Group noted that higher staff bonuses and marketing spend lifted distribution and administrative expenses, partly offsetting margin gains. Inventory rose S$6.9 million to support committed orders, while trade and other payables fell S$17.1 million following supplier settlements. Net bank borrowings shrank to S$5.0 million from S$32.6 million, reflecting aggressive debt reduction during the year; the company generated S$23.8 million in operating cash flow and realised S$13.0 million from a partial disposal of a subsidiary.

Looking ahead, management expects continued demand across its core segments but cautions that geopolitical tensions, supply-chain disruptions and inflationary pressures could weigh on global trade flows. It plans to sustain growth through disciplined cost and inventory management, operational efficiencies and technology-driven process improvements while leveraging a “healthy order book” to capture opportunities in key markets.