GLG Corp Limited (ASX:GLE)

ALERT: Price-sensitive ASX Announcement for GLE

Current share price for GLE : $0.140 0.025 (21.74%)⁺

Announcement

Half Year Financial Report and Appendix 4D

Release

27 Feb 2026 9:29AM

Price at Release

$0.115

Full Release

Summary

GLG Corp Limited's Half-Year Financial Report and Appendix 4D for the period ending 31 December 2025 reveal a challenging economic environment, leading to an 18.7% decrease in revenue compared to the previous period. The company faced macroeconomic pressures, loss of a product line, and credit risk issues, offset partly by increased external fabric sales. Despite a net loss after tax of US$0.5m, the gross profit margin improved due to better production management. Operating expenses decreased due to cost containment efforts, but finance costs rose. The company remains focused on optimizing working capital, cost management, and liquidity preservation amid anticipated market volatility.

Key Points

Revenue decreased by 18.7% to US$54.1m.
Gross profit margin improved from 17.7% to 18.9%.
Net loss after tax was US$0.5m compared to a profit of US$0.4m in the previous period.
No interim dividend recommended for the period ended 31 December 2025.
Finance costs increased by 10.1% due to higher working capital requirements.
Cash and cash equivalents decreased slightly by US$0.2m.
Trade and other receivables decreased by 9.5%.
Inventory decreased by 14.8% due to lower customer orders.
Administrative expenses fell by 8.4% through cost control measures.
Management focuses on working capital optimization and liquidity preservation.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.