JS Global Lifestyle Company Ltd (01691) has issued a profit alert, forecasting a net profit of no less than $12 million for the six months ending June 30, 2026. This marks a sharp turnaround from the net loss of approximately $53.7 million recorded during the same period in 2025.

The company also expects its adjusted profit for the first half of 2026 to reach at least $13.6 million, compared to $13.5 million in the prior-year period. The adjustments primarily include share-based compensation, changes in the fair value of restricted share awards, and other non-recurring items.

The return to profitability in the first half of 2026 is mainly attributed to several factors. First, the group's ongoing strict cost control measures have led to a reduction in the overall expense ratio. Second, the vesting of restricted share awards during this period, combined with hedging gains from their rising fair value, has significantly lowered net expenses compared to last year. Finally, the revenue growth in the Asia-Pacific segment under the SharkNinja brand, along with continuous improvements in operational efficiency and profitability, has positively contributed to the group's overall earnings.