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GLG begins manufacturing reset after US$23.2m FY2026 loss
5:57pm on Thursday 8th of October, 2026 AEDT
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Textiles and Apparel Manufacturing
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GLG begins manufacturing reset after US$23.2m FY2026 loss
5:57pm on Thursday 8th of October, 2026 AEDT
Key Points
US$23.2m net loss after tax, versus US$1.4m loss in FY2025
US$21.6m expected credit loss expense, mainly linked to GLIT receivables and deposits
Revenue fell 8.9% to US$100.7m while gross margin edged up to 17.3%
Bank covenant breaches were waived after year-end; cash rose to US$14.7m
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Glg Corp (ASX:GLE)
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