Grand Banks Yachts net profit plunges 61% in H1 FY2026
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Grand Banks Yachts reported a 61.2% drop in net profit to $2.94 million for H1 FY2026, down from $7.6 million a year earlier. Gross profit fell 19.3% to $17.536 million, with a gross margin decrease to 24.6%. Operating profit declined 54.9% to $5.3 million, attributed to lower-margin trade-ins and unfavorable foreign exchange. Revenue rose 6.2% to $71.4 million. The company declared an interim dividend of 0.5 cents per share, payable on 27 March 2026.
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