Thakral Corporation has announced a record high attributable profit of S$109.3 million for the first half of 2025, driven by the successful listing of GemLife on the Australian Stock Exchange (ASX) and robust performance in its lifestyle segment. The company’s revenue rose by 25% year-on-year to S$160.5 million, with the lifestyle segment alone seeing a 26% increase to S$156.6 million, fuelled by strong demand for beauty products in China and lifestyle gadgets in South Asia.
The listing of GemLife, which raised A$750 million, marked the largest IPO in Australia for 2025. Thakral’s stake in GemLife was reduced from 31.7% to 16.8% post-IPO, resulting in a one-off unrealised valuation gain of S$102.4 million. The company has reclassified its investment in GemLife as financial assets measured at fair value through the income statement.
In addition to the financial gains, Thakral declared an interim dividend of 2 pence and a special interim dividend of 1 pence, offering an annualised yield of 3.6%. The company is optimistic about future growth, particularly in China’s beauty market and South Asia’s drone sector. Thakral’s CEO, Inderbethal Singh Thakral, highlighted the strategic importance of their investments in India, particularly in Gurugram’s real estate and healthcare sectors.
Looking ahead, Thakral plans to expand its retail presence in Greater China and strengthen its drone business in South Asia, capitalising on India’s “Make in India” initiative. The company also aims to broaden its footprint in the Nespresso market in India, following the launch of its first boutique in New Delhi.
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