Grand Banks Yachts' Attributable Profit Declines 61% in Fiscal H1

MT Newswires

Feb 16

Grand Banks Yachts' (SGX:G50) attributable profit to owners during the fiscal first half ended Dec. 31, 2025, slumped by 61% to SG$2.9 million from SG$7.6 million a year earlier, according to a Friday filing with the Singapore Exchange.

Shares of the luxury yachts manufacturer and seller fell nearly 12% at the close of trading on Monday.

Earnings per share declined to SG$0.0154 compared with SG$0.0396 in the year-ago period.

Revenue rose 6.2% year over year to SG$71.4 million from SG$67.2 million, driven by boat trades and higher boat-building activities.

The company declared an interim dividend of SG$0.005 per share for the period, unchanged from a year earlier. The dividend will be paid on March 27.

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