XMH Holdings has reported a net profit of S$31.9 million for the year ended 30 April 2026, a 24.9 per cent year-on-year (YoY) increase from S$25.5 million. Management attributed the stronger bottom line to a double-digit rise in group revenue and wider gross margins, offset only partly by higher operating expenses.

Earnings per share climbed to 28.79 Singapore cents from 23.29 cents a year earlier. The board has declared a tax-exempt special interim dividend of 3.0 Singapore cents a share, payable on 16 July 2026, and is proposing a final dividend of 0.25 cent and a special dividend of 7.75 cents, both subject to shareholder approval at the August 2026 AGM and scheduled for payment on 17 September 2026. If approved, total FY2026 payouts would rise to 11.0 cents a share, up from 8.0 cents in FY2025.

Full-year revenue expanded 10.9 per cent to S$185.4 million. The distribution segment was the main driver, with sales jumping 27.1 per cent to S$109.3 million on stronger demand across all major markets, particularly Indonesia and Singapore. After-sales revenue held steady at S$15.6 million, while project revenue slipped 7.7 per cent to S$60.5 million as fewer contracts reached revenue-recognition milestones.

By profitability, distribution generated S$33.5 million in pre-tax earnings, up from S$25.2 million. After-sales delivered S$8.0 million (FY2025: S$7.6 million), and the project unit contributed S$7.2 million (FY2025: S$7.2 million). Group gross profit margin improved to 34.0 per cent from 32.6 per cent, reflecting lower input costs and a favourable sales mix. Net finance costs nearly halved to S$0.8 million after early repayment of a term loan and reduced utilisation of revolving credit facilities and trade bills.

Operating expenses rose 8.9 per cent to S$22.1 million, mainly on higher staff bonuses and marketing spend. A S$0.1 million write-back of impairment losses contrasted with a S$1.4 million reversal a year earlier, trimming the year-on-year uplift in operating profit.

Segment headwinds included the project division’s revenue decline amid fewer project completions and a drop in other income after a one-off gain from a subsidiary liquidation in FY2025. Nevertheless, improved foreign-exchange gains of S$3.0 million (FY2025: S$0.3 million) and a S$13.0 million cash inflow from a partial disposal of a subsidiary supported the bottom line and strengthened liquidity.

Management said the company remains watchful of geopolitical uncertainties, potential supply-chain disruptions and inflationary pressures that could temper global demand. Even so, the group intends to defend margins through cost discipline, inventory management and operational efficiency, while leveraging a “healthy order book and continued demand” in its core markets to sustain growth.