Grand Banks Yachts net profit up by 9.2% to $7.6m H1 2025

The group proposed an interim dividend of $0.005 per ordinary share.

Grand Banks Yachts’ net profit after tax rose by 9.2% to $7.6m in H1 FY2025 from $6.9m in H1 FY2024.

It booked eight new boats and three trade-in boats for the period under review, lifting revenue by 3.4% to $67.2m from S$65m in H1 FY2024.

Gross profit declined by 8% to $21.7m in H1 FY2025 from $23.6m in H1 FY2024, whilst gross profit margin declined to 32.4%. This was mainly attributed to a higher proportion of lower-margin trade-in boats.

With this, the group proposed an interim dividend of $0.005 per ordinary share as it maintained its high level of boat-building activity at its facility in Pasir Gudang, Johor, Malaysia.

“Looking ahead, the group remains confident about the long-term potential of the global luxury yacht market,” the group said in a bourse filing.

The group’s earnings per ordinary share rose to $0.0405.

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