Jerash Holdings (US), Inc. (NASDAQ: JRSH) reported considerably improved monetary outcomes for the fiscal 2026 third quarter ended Dec. 31, 2025, pushed by increased shipments to key export markets and early contributions from a brand new strategic companion in Korea, in keeping with the corporate’s earnings launch.
Key Q3 FY26 highlights:
- Revenue elevated 0% yr on yr to $41.8 million.
- Gross margin expanded by 170 foundation factors to 16.9%.
- Working revenue practically tripled to $1.9 million.
- Internet revenue improved to $1.2 million, from close to breakeven a yr earlier.
- Earnings per diluted share rose to $0.09.
- Money and restricted money totaled $13.2 million at quarter-finish.
Q3 FY26 efficiency
Revenue progress was supported by increased 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 increased gross sales volumes and recruitment prices, partly offset by decrease inventory-primarily based compensation. Working revenue reached $1.9 million, in contrast with $0.7 million within the prior-yr quarter.
Internet revenue attributable to frequent stockholders was $1.17 million, in contrast with a marginal loss a yr earlier. Complete revenue turned optimistic at $1.23 million, aided by working enhancements and favorable overseas foreign money actions.
9-month FY26 outcomes
For the primary 9 months of fiscal 2026, revenue elevated 5.8% to $123.4 million. Gross revenue rose 13.7% to $19.4 million, lifting the gross margin to fifteen.7%.
Working revenue practically quadrupled to $4.0 million, reflecting working leverage and higher value management. Internet revenue attributable to frequent stockholders improved to $2.0 million, in contrast with a loss within the prior-yr interval.
Stability 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 stream for the 9-month interval was adverse, reflecting increased 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 report on Feb. 13, 2026.
Capability enlargement and outlook
Jerash introduced the acquisition of a financial institution-owned manufacturing constructing and related land to assist enlargement. Following renovations focused for completion by the tip of the calendar yr, the brand new facility is predicted to improve manufacturing capability by no less than 40%. Administration stated demand from new and present prospects is predicted to exceed present manufacturing capability, underpinning the enlargement choice.
For the fiscal 2026 fourth quarter, the corporate expects revenue progress of 23%–26% yr on yr and gross margins of about 14%–16%, positioning fiscal 2026 for report annual revenue.
Enterprise profile
Jerash manufactures and exports customized sportswear and outerwear for world manufacturers and retailers. Its manufacturing base in Jordan contains six manufacturing unit models and 4 warehouses, using about 6,000 individuals. The corporate continues to increase its buyer base and product combine whereas investing in capability to assist increased volumes.
Abstract
Jerash Holdings delivered a powerful rebound in Q3 FY26, with increased revenue, margin enlargement and a sharp enchancment in profitability. Early contributions from a brand new Korean buyer and stronger demand from core world manufacturers supported progress. Deliberate capability enlargement is predicted to improve working flexibility and assist additional revenue progress within the coming quarters.
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