GLG Corp Limited (ASX:GLE)

GLG Corp Limited reported their financial results for the year ended 30 June 2025, revealing a revenue decrease from US$116.6 million in FY2024 to US$110.5 million in FY2025, a decline of 5.2%. Despite the drop in revenue, the company improved its gross profit margin to 17.0% from the previous 15.6%, attributed to enhanced capacity management and production efficiency. The net loss after tax reduced significantly to US$1.4 million from US$3.7 million in the prior year. This improvement is due to streamlined operations, reduced finance costs, and lower administrative expenses. The directors do not recommend the payment of a dividend for FY2025. Key financial activities include one-off insurance compensation and government grant support contributing to an increase in other income, though offset by increased selling and distribution costs. The company plans to hold its Annual General Meeting on 27 November 2025.