Hallenstein Glasson stock posts a 49.9 percent profit increase

Published on 10/01/2026 at 06:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hallenstein Glasson generated NZD 563.0 million in fiscal 2026 sales and lifted gross margin to 61.7 percent. UBS set a NZD 15.25 target on September 30, 2026.

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Hallenstein Glasson stock is backed by a 49.9 percent rise in fiscal 2026 net profit to NZD 59.2 million for the year ended August 1, 2026. RNZ reported the result on September 29, 2026, with group sales rising 19.6 percent to NZD 563.0 million.

Australia drives the earnings growth

The strongest operating contribution came from Glassons Australia, where sales increased 29.00 percent to NZD 324.4 million in fiscal 2026, according to RNZ. Glassons New Zealand sales rose 11.50 percent to NZD 124.8 million, showing that growth extended beyond the Australian business.

The earnings quality also improved. Operating profit increased to NZD 87.4 million from NZD 61.0 million, while gross margin expanded to 61.7 percent from 59.3 percent, a 2.40 percentage-point increase, the same RNZ report said.

UBS raises the target price

According to TradingView on September 30, 2026, UBS raised its target price for Hallenstein Glasson by 27 percent to NZD 15.25 per share. The target revision followed the annual result and gives investors a concrete benchmark for the market's earnings response.

Early fiscal 2027 sales stay strong

Hallenstein Glasson said group sales for the first eight weeks of fiscal 2027 were 18.4 percent ahead of the comparable period. Inside Retail reported on September 30, 2026, that management cautioned the period precedes Black Friday and Christmas trading, while consumer spending, foreign exchange, freight and operating costs remain key variables.

Market value and dividend checkpoint

Hallenstein Glasson had a market capitalization of NZD 879.8 million on October 1, 2026, with a 52-week range of NZD 9.18 to NZD 14.83. The company declared a final dividend of NZD 0.40 per share, taking fiscal 2026 dividends to NZD 0.69 per share, according to RNZ.