Taka Jewellery Holdings Limited reported net profit of S$10.52 million for the six months ended 31 Dec 2025, up 60% year-on-year, as robust demand across retail, wholesale and financial-services arms lifted revenue by 44.3% to S$119.85 million.

Earnings per share rose to 1.88 Singapore cents from 1.18 cents a year earlier. The company did not declare an interim dividend, continuing its focus on conserving cash for working-capital needs.

Segment performance showed broad-based growth. Retail turnover surged 45.1% to S$70.48 million, supported by higher gold prices, increased trading volumes and an expanded store network. Wholesale and exhibition revenue grew 42.0% to S$46.06 million on stronger exhibition participation, while financial-services income, largely from pawn-broking, climbed 60.2% to S$3.31 million. Before unallocated expenses, wholesale and exhibition contributed S$9.31 million to pre-tax profit, retail S$6.28 million and financial services S$1.54 million.

Operating expenses rose in tandem with activity. Selling and distribution costs increased 29.5% to S$16.11 million, reflecting higher staff commissions and outlet expansion. Administrative expenses expanded 28.2% to S$4.03 million, mainly on increased manpower costs. Gross profit margin eased to 29.5% from 30.1% on an unfavourable sales-mix shift, while impairment charges on trade receivables doubled to S$0.75 million. Finance costs slipped 7.6% to S$1.36 million as lower interest rates partially offset higher borrowings; nevertheless, short-term bank loans and bullion loans rose, pushing total borrowings to S$88.45 million from S$67.80 million at end-June.

Cash flow from operations posted an outflow of S$15.01 million, weighed by a S$24.87 million rise in trade receivables—largely pawnshop loans—and an S$11.57 million increase in inventories amid elevated gold prices. Net cash from financing of S$19.01 million, driven by additional credit facilities, lifted cash and cash equivalents by S$2.54 million to S$14.07 million.

Looking ahead, Taka Jewellery said the operating environment remains “challenging” given currency volatility, higher bullion prices and geopolitical uncertainty. Management intends to continue prudent cost control while pursuing selective expansion of its Singapore retail network, product innovation and overseas exhibition activities to sustain growth momentum.