GP Industries Limited reported net profit attributable to shareholders of S$28.43 million for the 12 months ended 31 March 2026, up 16.9 % year-on-year, supported by higher contributions from associates and lower finance costs despite flat revenue and softer gross margins.

Earnings per share rose to 5.65 Singapore cents from 4.90 cents a year earlier. The board declared a final tax-exempt dividend of 1.75 cents per share; together with the interim payout of 1.75 cents already distributed, total dividends for FY26 amount to 3.5 cents, 16.7 % higher than the 3.0 cents in FY25. The payment date will be announced later.

Group revenue slipped 0.9 % to S$1.094 billion as lower battery volumes to the Americas offset growth in electronics and acoustics sales. Gross profit margin narrowed by 70 basis points to 29.2 %, pressured by US tariffs and increased pricing competition.

By segment, the Battery business contributed S$32.86 million in pre-tax earnings, edging up 3.8 % YoY as one-off fair-value gains on investment properties and the remeasurement of Changzhou Lithium Batteries Limited (CZLB) offset weaker margins. The Electronics and Acoustics unit delivered S$10.52 million (+228 %), benefitting from new product launches under the KEF brand and wider retail distribution. Other Industrial Investments posted S$7.70 million (-0.1 %), with higher profit from cooling-solutions associate Wisefull Technology largely balancing a smaller fair-value gain from GP Energy Tech.

Finance costs fell 19 % to S$23.43 million following lower borrowing rates, while the share of results of associates rose 42 % to S$19.17 million, driven mainly by Wisefull’s improved performance in the high-precision cooling market for AI and data-centre hardware.

Looking ahead, the company highlighted persistent geopolitical tensions, evolving trade policies and inflationary pressures as headwinds for FY27. Management said it will continue the “China-plus-one” manufacturing strategy by scaling capacity in Southeast Asia, accelerate the divestment of non-core Chinese and Malaysian properties, and press on with product innovation—such as specialty coin cells for IoT applications and new wireless music systems under KEF. Sustainability remains a priority, with interim targets to cut carbon emissions 20 % by 2030 and 60 % by 2040 on the path to net-zero by 2050.