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Globe International Limited ( (AU:GLB) ) just unveiled an update.
Globe International reported H1 FY26 revenue of $98.2 million, up 3% year-on-year, driven by strong performances from its global brands despite challenging trading conditions. The company operates with a solid balance sheet, holding net cash of $19.3 million, and maintained a fully franked interim dividend of $0.10 per share.
Profitability softened, with EBIT down 27% to $5.2 million and NPAT falling 28% to $3.4 million, largely due to the sudden imposition of higher U.S. tariffs that temporarily pressured margins. Management said swift adjustments to its U.S. operations and an operational reset in Europe, where sales grew 21%, have strengthened the platform for margin recovery and expect higher revenue and profit in the second half and for the full year to surpass FY25.
The most recent analyst rating on (AU:GLB) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Globe International Limited stock, see the AU:GLB Stock Forecast page.
More about Globe International Limited
Globe International Limited is an ASX-listed global designer, producer and distributor in boardsports, street fashion, outdoor and workwear. Its core brands include Salty Crew, FXD and Globe, which target traditional retail doors, the broader outdoor segment and the workwear market across Australia, the U.S. and Europe.
Average Trading Volume: 1,980
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$118.7M
Find detailed analytics on GLB stock on TipRanks’ Stock Analysis page.