Aspial Lifestyle profit jumps 89% in H1 despite $5.2m hedging loss

Higher retail sales and lending revenue drove earnings growth.

Aspial Lifestyle Limited’s profit after tax rose 89% year on year to $55.0m in the first half of 2026, despite a $5.2m gold hedging loss.

The company declared an interim dividend of $0.009 per ordinary share, up 125% from a year earlier.

Revenue rose 26% to a record $464.2m, driven by growth across its pawnbroking, retail, and secured lending businesses.

Retail revenue increased 25.2% to $399.6m, whilst pawnbroking revenue rose 29.3% to $55.3m, supported by growth in the pledge book.

Secured lending revenue increased 76.1% to $9.2m, driven mainly by the group’s BigFundr platform.

Gross profit margin rose to 38.7% from 36.6% a year earlier. Aspial Lifestyle said its underlying profitability would have been higher without the gold hedging loss.

The group’s total equity increased 40.7% to $445.1m, supported by earnings and an $84.8m equity fundraising. Net debt-to-equity fell to 1.7 times from 2.1 times at 31 December 2025.

As at 30 June, Aspial Lifestyle operated 118 stores across six brands in Singapore, Malaysia, and selected international markets.

Funds under management on BigFundr—the group’s secured lending platform licensed by the Monetary Authority of Singapore—increased by more than 25% from 31 December 2025.

During the period, Aspial Lifestyle acquired the remaining equity interests in its Malaysian pawnbroking joint venture, giving it full ownership of its Malaysia operations.

The company said it expects its retail and pawnbroking businesses, as well as its Malaysia operations, to support its performance for financial year (FY) 2026.

“Barring any unforeseen adverse developments, the Board remains optimistic about the Group's performance for FY2026,” the company said.

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