Thakral Corporation issues profit warning for first quarter FY2026

SGX Filings
May 28

Thakral Corporation Ltd announced that it expects to report a net loss for the first quarter ended Mar, 31 2026, according to a profit guidance released on May, 28 2026. The projected loss is mainly attributed to a net fair-value decline in the group’s investments in two quoted securities—GemLife Communities Group and The Beauty Tech Group plc—whose share prices fell amid the recent outbreak of hostilities in the Middle East.

The company said share prices of both securities have since rebounded, with The Beauty Tech Group plc now trading above its Dec, 31 2025 and Mar, 31 2026 levels. GemLife’s share price remains below its level at the start of the quarter, although the board noted that GemLife’s underlying operations are strong.

Thakral added that all other principal business segments, including its Lifestyle division, stayed profitable during the quarter. Adjusted profit attributable to the group—excluding contributions from quoted securities and GemLife’s prior-period profit share—improved compared with the same period a year earlier.

The company will provide full details when it announces its first-quarter FY2026 business update on Jun, 03 2026 and advised shareholders and investors to exercise caution when dealing in its securities.

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