Jerash Holdings Reports Financial Results for Fiscal 2026 First Quarter
Jerash Holdings (NASDAQ:JRSH) reported strong financial results for Q1 fiscal 2026, marking a significant turnaround with a net income of $324,000 compared to a prior-year loss of $1.4 million. The company achieved an operating income of $959,000, up from an $829,000 loss, while gross profit increased 31.2% to $6.1 million with improved margins of 15.4%.
Revenue was $39.6 million, slightly down from $40.9 million due to shipping redirections. The company completed its facility expansion in June 2025, adding 15% production capacity. Looking ahead, Jerash expects Q2 fiscal 2026 revenue of $40-42 million with 15-16% gross margins. The board approved a quarterly dividend of $0.05 per share.
Jerash Holdings (NASDAQ:JRSH) ha registrato risultati finanziari solidi per il primo trimestre fiscale 2026, segnando una netta inversione di tendenza con un utile netto di $324,000 rispetto alla perdita di $1.4 milioni dell'anno precedente. L'azienda ha realizzato un reddito operativo di $959,000, in recupero rispetto alla perdita di $829,000, mentre il profitto lordo è aumentato del 31.2% attestandosi a $6.1 million con margini migliorati al 15.4%.
I ricavi sono stati di $39.6 million, in lieve calo rispetto a $40.9 million a causa di ridirezionamenti nelle spedizioni. L'azienda ha completato l'espansione dell'impianto nel giugno 2025, aggiungendo una capacità produttiva del 15%. Guardando avanti, Jerash prevede ricavi per il secondo trimestre fiscale 2026 tra $40-42 million con margini lordi del 15-16%. Il consiglio ha approvato un dividendo trimestrale di $0.05 per azione.
Jerash Holdings (NASDAQ:JRSH) presentó sólidos resultados financieros en el primer trimestre fiscal 2026, marcando un giro significativo con un beneficio neto de $324,000 frente a una pérdida de $1.4 millones en el mismo periodo del año anterior. La compañía obtuvo un resultado operativo de $959,000, frente a una pérdida de $829,000, mientras que el beneficio bruto aumentó un 31.2% hasta $6.1 million, con márgenes mejorados del 15.4%.
Los ingresos fueron de $39.6 million, ligeramente por debajo de $40.9 million debido a redirecciones en los envíos. La compañía completó la ampliación de sus instalaciones en junio de 2025, añadiendo una capacidad de producción del 15%. De cara al futuro, Jerash espera ingresos en el segundo trimestre fiscal 2026 de $40-42 million con márgenes brutos del 15-16%. La junta aprobó un dividendo trimestral de $0.05 por acción.
Jerash Holdings (NASDAQ:JRSH)는 2026 회계연도 1분기에서 큰 반전을 이루며 순이익 $324,000을 기록했다고 발표했습니다(전년 동기: $1.4 million 손실). 영업이익은 $959,000으로 전년의 <$829,000> 손실에서 흑자로 전환했으며, 매출총이익은 31.2% 증가해 $6.1 million을 기록했고 마진은 15.4%로 개선되었습니다.
매출은 배송 경로 변경으로 인해 $39.6 million으로 전년의 $40.9 million보다 소폭 감소했습니다. 회사는 2025년 6월에 시설 확장을 완료해 생산능력 15%를 추가했습니다. 향후 Jerash는 2026 회계연도 2분기 매출을 $40-42 million으로, 매출총이익률을 15-16%로 전망합니다. 이사회는 주당 $0.05의 분기 배당을 승인했습니다.
Jerash Holdings (NASDAQ:JRSH) a publié de solides résultats financiers pour le premier trimestre de l'exercice 2026, marquant un redressement significatif avec un bénéfice net de $324,000 contre une perte de $1.4 million un an plus tôt. Le résultat d'exploitation s'est élevé à $959,000, contre une perte de $829,000 précédemment, tandis que le bénéfice brut a augmenté de 31.2% pour atteindre $6.1 million avec une amélioration des marges à 15.4%.
Les revenus se sont établis à $39.6 million, en léger recul par rapport à $40.9 million en raison de redirections d'expédition. L'entreprise a achevé l'extension de son site en juin 2025, ajoutant 15% de capacité de production. Pour le deuxième trimestre de l'exercice 2026, Jerash prévoit un chiffre d'affaires de $40-42 million avec des marges brutes de 15-16%. Le conseil d'administration a approuvé un dividende trimestriel de $0.05 par action.
Jerash Holdings (NASDAQ:JRSH) verzeichnete im ersten Quartal des Geschäftsjahres 2026 starke Finanzergebnisse und damit eine deutliche Wende: ein Nettogewinn von $324,000 gegenüber einem Verlust von $1.4 million im Vorjahr. Das Betriebsergebnis belief sich auf $959,000 statt eines Vorjahresverlusts von $829,000, während der Bruttogewinn um 31.2% auf $6.1 million stieg und die Margen sich auf 15.4% verbesserten.
Der Umsatz lag bei $39.6 million, leicht unter dem Vorjahreswert von $40.9 million aufgrund von Umleitungen beim Versand. Das Unternehmen schloss im Juni 2025 den Ausbau der Anlage ab und erhöhte die Produktionskapazität um 15%. Für das zweite Quartal des Geschäftsjahres 2026 erwartet Jerash einen Umsatz von $40-42 million bei Bruttomargen von 15-16%. Der Vorstand genehmigte eine Quartalsdividende von $0.05 je Aktie.
- Turned $1.4M net loss into $324,000 net profit year-over-year
- Gross profit increased 31.2% to $6.1M with margin improvement of 410 basis points
- Operating income improved to $959,000 from prior year loss of $829,000
- Completed facility expansion adding 15% production capacity
- Facilities fully booked through February 2026
- Successfully completed first phase of major order from large U.S. retailer
- Revenue declined slightly to $39.6M from $40.9M year-over-year
- Cash reduced at quarter-end due to delayed shipments
- Facing potential impacts from recent tariff changes
- Experiencing shipping disruptions and port redirection challenges
Insights
Jerash Holdings reversed losses to profit with improved margins despite slight revenue decline, showing operational efficiency gains and successful diversification strategy.
Jerash Holdings has executed an impressive turnaround in Q1 FY2026, shifting from a
The
The company's strategic positioning as an alternative to Chinese and Southeast Asian manufacturing appears to be gaining traction, evidenced by the completed first phase of a major order from a large U.S. retailer through their Hansoll Textile collaboration. The
While the
For investors, the Q2 revenue guidance of
Fiscal 2026 First Quarter Highlights
Operating income increased to
$959,000 , from an operating loss of$829,000. Net income increased to
$324,000 from a net loss of$1.4 million in the prior year quarter.Gross profit increased 31.2 percent to
$6.1 million , from$4.6 million in the prior year quarter.Gross margin improved 410 basis points to 15.4 percent, from 11.3 percent in the prior year quarter.
Outlook
Revenue for the fiscal 2026 second quarter is expected to be approximately
$40 million -$42 million .Gross margin goal for fiscal 2026 second quarter is expected to be approximately 15-16 percent.
FAIRFIELD, NJ / ACCESS Newswire / August 12, 2025 / Jerash Holdings (US), Inc. (NASDAQ:JRSH) (the "Company" or "Jerash"), which manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands, today announced financial results for its fiscal 2026 first quarter ended June 30, 2025.
"Our fiscal first quarter performance reflects growing customer demand, as companies continue to seek alternative manufacturing partners and diversify away from China and Southeast Asia," said Sam Choi, Jerash's chairman and chief executive officer. "We also enhanced operating efficiency through reduced logistics costs and minimal need for overtime, supported by better production planning. Another key factor for the positive performance was the return to routing import raw material shipments through Aqaba Port in Jordan, with shorter lead times and lower transportation costs than the alternative routes we had to use while shipping through the disrupted Red Sea.
"I am pleased to report that we have successfully completed production of the first phase of a major initial order from one of the largest U.S.-based multinational and omnichannel retailers, through our strategic collaboration with Hansoll Textile. Shipments are scheduled to begin in September and continue through February 2026. We continue to seek further collaborations that create mutual value and strengthen long-term partnerships.
"As previously announced, the expansion of our existing manufacturing facilities was completed in June 2025, and we are currently onboarding additional workers to support an approximate 15 percent increase in production capacity. The added capacity is expected to begin contributing to Jerash's performance starting in the second fiscal quarter.
"Our facilities are fully booked through February 2026. While this is an exciting time for Jerash, we remain vigilant about the potential impacts of recent tariff changes and the ongoing geopolitical instability in the region, as we plan for additional expansion opportunities," Choi added.
Fiscal 2026 First Quarter Results
Revenue for the fiscal 2026 first quarter was
Gross profit increased by 31.2 percent to
Operating expenses totaled
Operating income increased to
Total other expenses were
Income tax expenses were
Net income increased to
Balance Sheet, Cash Flow, and Dividends
Cash and restricted cash totaled
On August 8, 2025, Jerash's board of directors approved a regular quarterly dividend of
Conference Call
Jerash Holdings will host an investor conference call to discuss its fiscal 2026 first quarter results today, August 12, 2025, at 9:00 a.m. Eastern Time.
Phone: 888-506-0062 (domestic); 973-528-0011 (international)
Conference ID: 456828
A live and archived webcast will be available online in the investor relations section of Jerash's website at www.jerashholdings.com. For those who are not able to listen to the live broadcast, the call will be archived for approximately one year on the website.
About Jerash Holdings (US), Inc.
Jerash Holdings (US), Inc. manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands and retailers, including VF Corporation (which owns brands such as The North Face, Timberland, and Vans), New Balance, G-III (which licenses brands such as DKNY and Nautica), Acushnet Holdings Corp (which owns the brand FootJoy), American Eagle, and Skechers. Jerash's existing production facilities comprise six factory units and four warehouses, and Jerash currently employs approximately 6,000 people. Additional information is available at www.jerashholdings.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect", "seek", "potential," "outlook" and similar expressions are intended to identify forward-looking statements. Such statements, including, but not limited to, Jerash's current views with respect to future events and its financial forecasts, and expansion of the customer base among high-profile global brands, are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including those risks described from time to time in filings made by Jerash with the U.S. Securities and Exchange Commission. These and other risks and uncertainties are detailed in the Company's filings with the U.S. Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Jerash does not intend and does not assume any obligation to update these forward-looking statements, other than as required by law.
Contact:
PondelWilkinson Inc.
Judy Lin or Roger Pondel
310-279-5980; jlin@pondel.com
# # #
(tables below)
JERASH HOLDINGS (US), INC., AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(LOSS) (Unaudited)
For the Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
Revenue, net | $ | 39,629,308 | $ | 40,935,716 | ||||
Cost of goods sold | 33,540,428 | 36,295,845 | ||||||
Gross Profit | 6,088,880 | 4,639,871 | ||||||
Selling, general, and administrative expenses | 4,907,215 | 4,999,744 | ||||||
Stock-based compensation expenses | 222,669 | 468,935 | ||||||
Total Operating Expenses | 5,129,884 | 5,468,679 | ||||||
Income (Loss) from Operations | 958,996 | (828,808 | ) | |||||
Other Income (Expenses): | ||||||||
Interest expenses | (355,848 | ) | (480,203 | ) | ||||
Other income, net | 49,314 | 54,035 | ||||||
Total other expenses, net | (306,534 | ) | (426,168 | ) | ||||
Net profit (loss) before provision for income taxes | 652,462 | (1,254,976 | ) | |||||
Income tax expenses | 328,832 | 111,721 | ||||||
Net profit (loss) | 323,630 | (1,366,697 | ) | |||||
Net (profit) loss attributable to noncontrolling interest | (4,954 | ) | 21,481 | |||||
Net profit (loss) attributable to Jerash Holdings (US), Inc.'s Common Stockholders | $ | 318,676 | $ | (1,345,216 | ) | |||
Net profit (loss) | $ | 323,630 | $ | (1,366,697 | ) | |||
Other Comprehensive Income: | ||||||||
Foreign currency translation gain | 9,564 | 8,913 | ||||||
Total Comprehensive Income (Loss) | 333,194 | (1,357,784 | ) | |||||
Comprehensive (income) loss attributable to noncontrolling interest | (4,954 | ) | 21,481 | |||||
Comprehensive Income (Loss) Attributable to Jerash Holdings (US), Inc.'s Common Stockholders | $ | 328,240 | $ | (1,336,303 | ) | |||
Earnings (Loss) Per Share Attributable to Common Stockholders: | ||||||||
Basic and diluted | $ | 0.03 | $ | (0.11 | ) | |||
Weighted Average Number of Shares | ||||||||
Basic | 12,699,940 | 12,294,840 | ||||||
Diluted | 12,699,940 | 12,294,840 | ||||||
Dividend per share | $ | 0.05 | $ | 0.05 | ||||
JERASH HOLDINGS (US), INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
June 30, | March 31, | |||||||||
(Unaudited) | ||||||||||
ASSETS | ||||||||||
Current Assets: | ||||||||||
Cash | $ | 5,796,830 | $ | 13,346,791 | ||||||
Accounts receivable, net | 9,979,463 | 3,076,074 | ||||||||
Inventories | 27,317,026 | 27,704,829 | ||||||||
Prepaid expenses and other current assets | 3,285,600 | 3,648,321 | ||||||||
Advance to suppliers, net | 6,983,612 | 6,644,194 | ||||||||
Total Current Assets | 53,362,531 | 54,420,209 | ||||||||
Restricted cash - non-current | 1,704,794 | 1,717,248 | ||||||||
Long-term deposits | 547,383 | 464,934 | ||||||||
Property, plant, and equipment, net | 24,912,364 | 25,023,681 | ||||||||
Goodwill | 499,282 | 499,282 | ||||||||
Operating lease right of use assets | 712,723 | 850,172 | ||||||||
Total Assets | $ | 81,739,077 | $ | 82,975,526 | ||||||
LIABILITIES AND EQUITY | ||||||||||
Current Liabilities: | ||||||||||
Credit facilities | $ | 4,768,749 | $ | 4,512,462 | ||||||
Accounts payable | 6,178,130 | 6,507,308 | ||||||||
Accrued expenses | 3,655,643 | 4,342,436 | ||||||||
Income tax payable - current | 1,414,329 | 1,305,386 | ||||||||
Uncertain tax provision | 175,290 | 175,290 | ||||||||
Other payables | 1,600,743 | 2,149,185 | ||||||||
Deferred revenue | 622,099 | 487,004 | ||||||||
Operating lease liabilities - current | 336,886 | 339,699 | ||||||||
Total Current Liabilities | 18,751,869 | 19,818,770 | ||||||||
Deferred tax liabilities, net | 120 | 120 | ||||||||
Operating lease liabilities - non-current | 197,113 | 287,527 | ||||||||
Total Liabilities | 18,949,102 | 20,106,417 | ||||||||
Equity | ||||||||||
Preferred stock, | - | - | ||||||||
Common stock, | 12,939 | 12,939 | ||||||||
Additional paid-in capital | 25,897,504 | 25,674,835 | ||||||||
Treasury stock, 239,478 shares | (1,169,046 | ) | (1,169,046 | ) | ||||||
Statutory reserve | 413,821 | 413,821 | ||||||||
Retained earnings | 38,080,580 | 38,396,901 | ||||||||
Accumulated other comprehensive loss | (503,558 | ) | (513,122 | ) | ||||||
Total Jerash Holdings (US), Inc. Stockholders' Equity | 62,732,240 | 62,816,328 | ||||||||
Noncontrolling interest | 57,735 | 52,781 | ||||||||
Total Equity | 62,789,975 | 62,869,109 | ||||||||
Total Liabilities and Equity | $ | 81,739,077 | $ | 82,975,526 | ||||||
JERASH HOLDINGS (US), INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Three Months Ended June 30, | ||||||||
2025 | 2024 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net profit (loss) | $ | 323,630 | $ | (1,366,697 | ) | |||
Adjustments to reconcile net profit (loss) to net cash used in operating activities: | ||||||||
Depreciation | 743,787 | 612,759 | ||||||
Stock-based compensation expenses | 222,669 | 468,935 | ||||||
Amortization of operating lease right-of-use assets | 138,516 | 150,008 | ||||||
Changes in operating assets: | ||||||||
Accounts receivable | (6,903,389 | ) | (3,983,251 | ) | ||||
Inventories | 387,804 | 6,513,887 | ||||||
Prepaid expenses and other current assets | 362,723 | (235,028 | ) | |||||
Advance to suppliers | (339,418 | ) | (80,762 | ) | ||||
Changes in operating liabilities: | ||||||||
Accounts payable | (329,178 | ) | (3,040,398 | ) | ||||
Accrued expenses | (686,793 | ) | (749,942 | ) | ||||
Other payables | (548,442 | ) | 65,232 | |||||
Deferred revenue | 135,095 | 235,827 | ||||||
Operating lease liabilities | (94,294 | ) | (176,069 | ) | ||||
Income tax payable | 108,775 | (615,449 | ) | |||||
Net cash used in operating activities | (6,478,515 | ) | (2,200,948 | ) | ||||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchases of property, plant, and equipment | (464,890 | ) | (130,271 | ) | ||||
Payments for construction of properties | - | (15,150 | ) | |||||
Payment for long-term deposits | (250,029 | ) | (241,544 | ) | ||||
Net cash used in investing activities | (714,919 | ) | (386,965 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Dividend payment | (634,997 | ) | (614,742 | ) | ||||
Repayment from short-term loan | (4,723,477 | ) | (3,435,297 | ) | ||||
Proceeds from short-term loan | 4,979,764 | 5,566,040 | ||||||
Net cash (used in) provided by financing activities | (378,710 | ) | 1,516,001 | |||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH | 9,729 | 8,917 | ||||||
NET DECREASE IN CASH AND RESTRICTED CASH | (7,562,415 | ) | (1,062,995 | ) | ||||
CASH, AND RESTRICTED CASH, BEGINNING OF THE PERIOD | 15,064,039 | 14,036,867 | ||||||
CASH, AND RESTRICTED CASH, END OF THE PERIOD | $ | 7,501,624 | $ | 12,973,872 | ||||
CASH, AND RESTRICTED CASH, END OF THE PERIOD | $ | 7,501,624 | $ | 12,973,872 | ||||
LESS: NON-CURRENT RESTRICTED CASH | 1,704,794 | 1,607,644 | ||||||
CASH, END OF THE PERIOD | $ | 5,796,830 | $ | 11,366,228 | ||||
Supplemental disclosure information: | ||||||||
Cash paid for interest | $ | 355,848 | $ | 480,203 | ||||
Income tax paid | $ | 219,889 | $ | 726,177 | ||||
Non-cash investing and financing activities | ||||||||
Equipment obtained by utilizing long-term deposit | $ | 165,841 | $ | 44,215 | ||||
Operating lease right of use assets obtained in exchange for operating lease obligations | $ | - | $ | 67,512 | ||||
SOURCE: Jerash Holdings (US), Inc.
View the original press release on ACCESS Newswire
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