ValueMax H1 net profit up 35.5% at S$48 million

[SINGAPORE] ValueMax Group on Tuesday (Aug 12) posted a net profit of S$48 million for the first half of the year, up 35.5 per cent from S$35.4 million in the corresponding year-ago period.

The group attributed the improvement to “robust performance” across all its core business segments – pawnbroking, moneylending, gold and jewellery retail and trading.

Revenue was up 16.8 per cent at S$268.3 million, compared with S$229.8 million a year ago.

Retail and trading of jewellery and gold was the largest contributor of revenue at S$204.8 million, up 17.5 per cent from a year ago.

Revenue from the pawnbroking segment grew 20.2 per cent to S$28.1 million, while revenue from the moneylending segment rose 10.7 per cent to S$35.4 million.

Growth in these segments reflects strong consumer demand and higher gold valuations, said the group.

“Our strong performance in H1 FY2025 reflects the resilience of our business model and the successful execution of our expansion strategy,” said Yeah Hiang Nam, the executive chairman of ValueMax.

The group acquired Heng Heng Pawnshop and Ban Fook Pawnshop in March 2025 as part of its expansion plans within Singapore.

On a per-share basis, earnings came in at S$0.0539, up 25.6 per cent from S$0.0429 a year ago.

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The group’s board has declared an interim dividend of S$0.012 per share, which will be paid on Sep 2.

Shares of ValueMax closed S$0.05 or 6.6 per cent higher at S$0.805 before the announcement on Tuesday.