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 accomplice in Korea, in response to the corporate’s earnings launch.
Key Q3 FY26 highlights:
- Income 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.
- Web 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-end.
Q3 FY26 efficiency
Income 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 consequence of increased gross sales volumes and recruitment prices, partly offset by decrease stock-based compensation. Working revenue reached $1.9 million, in contrast with $0.7 million within the prior-year quarter.
Web revenue attributable to widespread stockholders was $1.17 million, in contrast with a marginal loss a yr earlier. Complete revenue 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 revenue practically quadrupled to $4.0 million, reflecting working leverage and higher value management. Web revenue 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 circulate for the nine-month interval was detrimental, 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 bank-owned manufacturing constructing and related land to assist enlargement. Following renovations focused for completion by the top of the calendar yr, the brand new facility is anticipated to enhance manufacturing capability by no less than 40%. Administration mentioned demand from new and current clients is anticipated to exceed present manufacturing capability, underpinning the enlargement resolution.
For the fiscal 2026 fourth quarter, the corporate expects income progress of 23%–26% yr on yr and gross margins of about 14%–16%, positioning fiscal 2026 for report 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 individuals. The corporate continues to broaden its buyer base and product combine whereas investing in capability to assist increased volumes.
Abstract
Jerash Holdings delivered a robust rebound in Q3 FY26, with increased 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 assist additional income progress within the coming quarters.
