ValueMax H2 profit rises 14% to S$54.1 million on higher revenue
Earnings per share at S$0.0591 for the period, up from S$0.0546 previously
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[SINGAPORE] ValueMax on Monday (Feb 23) posted a 14 per cent increase in net profit to S$54.1 million for the six months ended Dec 31, 2025, from S$47.4 million in the same period a year earlier.
This came on the back of a 25.8 per cent rise in revenue to S$284.8 million, from S$226.4 million previously.
Earnings per share stood at S$0.0591, up from S$0.0546 previously.
A final dividend of S$0.0268 per share was declared for FY2025, the same as the year before.
ValueMax’s cost of sales for H2 FY2025 rose to S$198.3 million, from S$160.1 million previously.
“The increase is mainly due to increases in cost of sales for retail and trading of jewellery and gold and moneylending businesses of S$39.2 million and S$300,000, respectively, which is in line with the increase in revenue,” said the company.
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Those higher costs were offset partially by a decrease in the cost of sales for its pawnbroking business by S$1.3 million.
Other operating income rose to S$5.2 million, from S$4.1 million in H2 FY2024. This was attributed mainly to increases in facility fee income and administrative income of S$1 million and S$100,000, respectively.
As gold prices have maintained a strong upward trajectory amid global economic uncertainty and geopolitical tensions, ValueMax believes its “disciplined risk management framework” and diversified revenue streams position it well for continued growth.
Separately, ValueMax announced on Monday that its subsidiary ValueMax Retail and Louis Vuitton (LV) have reached an “amicable settlement” over the issue of the subsidiary’s alleged infringement of LV’s intellectual property rights in September 2025.
ValueMax said LV had discontinued the suit against ValueMax Retail on Feb 12.
The Business Times previously reported that the French company said ValueMax Retail had mispresented to the public that certain jewellery were LV goods, or that there was an economic association or relationship between the jewellery and LV.
Shares of ValueMax closed up 9.8 per cent or S$0.12 at S$1.34 on Monday, before the release of results.
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