GP Industries Ltd posted a net profit attributable to shareholders of S$16.3 million for the six months ended 30 September 2025, up 12.7 per cent year-on-year, as lower finance expenses, firm cost control and higher contributions from associates more than offset softer sales and margin pressure.
Earnings per share rose to 3.26 Singapore cents from 2.99 cents a year earlier. The board declared an interim tax-exempt (one-tier) dividend of 1.75 Singapore cents per share, up from 1.5 cents a year ago; the record and payment dates will be announced later.
Group revenue slipped 2.5 per cent to S$555.98 million. Batteries remained the largest line, generating S$421.16 million (-3.9 per cent YoY), while Electronics & Acoustics sales edged up 4.4 per cent to S$134.85 million. By geography, revenue from the Americas fell 10.9 per cent to S$126.6 million, mainly on lower U.S. orders, whereas Europe was flat at S$117.8 million and Asia was stable at S$307.7 million.
Segment profit before tax totalled S$26.35 million. The Battery division contributed S$18.43 million (-8.1 per cent YoY) after start-up costs tied to new Southeast Asian lines. Electronics & Acoustics swung to a pre-tax profit of S$2.67 million from a loss a year earlier on stronger KEF and Celestion sales, while Other Industrial Investments delivered S$5.25 million, underpinned by a higher share of profits from Wisefull Technology.
Group gross margin narrowed by 1.2 percentage points to 28.5 per cent, weighed down by U.S. tariffs on audio products and keener pricing in batteries. Administrative expenses fell 8.9 per cent to S$64.73 million following organisational streamlining, and finance costs dropped 27 per cent to S$11.13 million after refinancing at lower rates.
Looking ahead, management said it will keep monitoring tariff exposure and macro-economic conditions, while stepping up product launches, brand-led channel expansion and manufacturing diversification outside China. Non-core mainland assets, including vacant land and idle factories, are earmarked for divestment or interim leasing to strengthen the balance sheet and support de-leveraging. In the period, the group secured a three-year HK$504 million sustainability-linked loan that lengthened its debt maturity profile.
The company maintained that its diversified footprint, supply-chain adaptability and cost discipline position it to navigate ongoing volatility and pursue sustainable growth.