Jerash Holdings (US), Inc. (NASDAQ: JRSH) reported considerably improved monetary outcomes for the fiscal 2026 third quarter ended Dec. 31, 2025, pushed by larger shipments to key export markets and early contributions from a brand new strategic accomplice in Korea, in accordance with the corporate’s earnings launch.
Key Q3 FY26 highlights:
- Income elevated 0% 12 months on 12 months to $41.8 million.
- Gross margin expanded by 170 foundation factors to 16.9%.
- Working earnings almost tripled to $1.9 million.
- Internet earnings improved to $1.2 million, from close to breakeven a 12 months earlier.
- Earnings per diluted share rose to $0.09.
- Money and restricted money totaled $13.2 million at quarter-end.
Q3 FY26 efficiency
Income progress was supported by larger shipments to main export markets, together with the U.S., and preliminary volumes from a brand new buyer in Korea. Gross revenue elevated 31.0% to $7.0 million, reflecting improved product combine and scale advantages.
Working bills rose to $5.1 million as a result of larger gross sales volumes and recruitment prices, partly offset by decrease stock-based compensation. Working earnings reached $1.9 million, in contrast with $0.7 million within the prior-year quarter.
Internet earnings attributable to widespread stockholders was $1.17 million, in contrast with a marginal loss a 12 months earlier. Complete earnings turned constructive at $1.23 million, aided by working enhancements and favorable international foreign money actions.
9-month FY26 outcomes
For the primary 9 months of fiscal 2026, income elevated 5.8% to $123.4 million. Gross revenue rose 13.7% to $19.4 million, lifting the gross margin to fifteen.7%.
Working earnings almost quadrupled to $4.0 million, reflecting working leverage and higher value management. Internet earnings attributable to widespread stockholders improved to $2.0 million, in contrast with a loss within the prior-year interval.
Steadiness sheet and money flows
As of Dec. 31, 2025, money and restricted money stood at $13.2 million, whereas web working capital was $36.4 million. Working money move for the nine-month interval was unfavourable, reflecting larger receivables and advances to suppliers linked to progress so as volumes.
The corporate declared a common quarterly dividend of $0.05 per share, payable on Feb. 20, 2026, to shareholders of file on Feb. 13, 2026.
Capability enlargement and outlook
Jerash introduced the acquisition of a bank-owned manufacturing constructing and related land to help enlargement. Following renovations focused for completion by the tip of the calendar 12 months, the brand new facility is anticipated to improve manufacturing capability by at the very least 40%. Administration stated demand from new and present prospects is anticipated to exceed present manufacturing capability, underpinning the enlargement determination.
For the fiscal 2026 fourth quarter, the corporate expects income progress of 23%–26% 12 months on 12 months and gross margins of about 14%–16%, positioning fiscal 2026 for file annual income.
Enterprise profile
Jerash manufactures and exports customized sportswear and outerwear for world manufacturers and retailers. Its manufacturing base in Jordan includes six manufacturing facility items and 4 warehouses, using about 6,000 folks. The corporate continues to develop its buyer base and product combine whereas investing in capability to help larger volumes.
Abstract
Jerash Holdings delivered a powerful rebound in Q3 FY26, with larger income, margin enlargement and a pointy enchancment in profitability. Early contributions from a brand new Korean buyer and stronger demand from core world manufacturers supported progress. Deliberate capability enlargement is anticipated to enhance working flexibility and help additional income progress within the coming quarters.
