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Globe International Limited ( (AU:GLB) ) has issued an announcement.
Globe International Limited reported strong revenue and profitability for the fiscal year ending June 30, 2025, despite challenging market conditions. The company strategically removed non-strategic brands, impacting revenue by $25.5 million, but this move allowed for a more focused business model and improved margins in its core brands. The Australian region remained highly profitable, while the USA and EU regions showed improved EBIT contributions. The company declared a fully franked final dividend of $0.10 per share, bringing the total FY25 dividend to $0.20 per share. Globe International is optimistic about future growth, expecting increased revenue and profits in FY26.
More about Globe International Limited
Globe International Limited is a global company specializing in the design, production, and distribution of boardsports, street fashion, outdoor, and workwear. The company focuses on high-margin global brands such as FXD, Salty Crew, and Globe footwear, aiming to strengthen its market position in these sectors.
Average Trading Volume: 3,471
Technical Sentiment Signal: Sell
Current Market Cap: A$116.7M
See more insights into GLB stock on TipRanks’ Stock Analysis page.