Cortina Holdings has reported earnings of $63.6 million for the FY2025 ended March 31, 2025, up 4% y-o-y. For the 2HFY2025, earnings increased 19% y-o-y to $35.8 million.
The company’s revenue for the full year grew 6% y-o-y to $862.8 million, and for the six month ended March, grew 7% y-o-y to $449.8 million.
Cortina says that full-year sales margin remained relatively stable, hovering in the range of 32.5% to 33.3% with minor fluctuation attributable to changes in the sales mix.
Operating expenses, which comprised staff costs, rental expenses, depreciation and other expenses, increased by 4.6% y-o-y in the current half year to $97.5 million and 6.8% in the full year to $187.7 million. This is due to the group's expansion strategy.
As at end March, total equity increased to $455.4 million, and cash and bank balances stood at $132.4 million.
Cortina says that it is cautiously optimistic that it will remain profitable in the coming year, but significant challenges in the luxury watch industry include a strong Swiss franc and high gold prices.
The board has declared a final dividend of 2 cents per ordinary share for the full year, and a special dividend of 14 cents per ordinary share.
Shares in Cortinaclosed flat at $2.55 on May 27.
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