Hermès reported full-year 2025 revenue of €16 billion, beating expectations with resilient growth in leather goods and strong performance in the Americas and Japan.

While net profit dipped slightly due to a one-off French surtax, underlying earnings and margins remained robust. Dan Koh and Audrey Siek break down the numbers, why Hermès continues to outperform peers, and what investors should watch in 2026.

Herm&egrave;s reported full-year 2025 revenue of &euro;16 billion, beating expectations with resilient growth in leather goods and strong performance in the Americas and Japan.
While net profit dipped slightly due to a one-off French surtax, underlying earnings and margins remained robust. Dan Koh and Audrey Siek break down the numbers, why Herm&egrave;s continues to outperform peers, and what investors should watch in 2026.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start to your work day with Ryan Huang, Emaad Akhtar and Audrey Siek from 6am to 9am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.

In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore&rsquo;s first and only Business and Personal Finance station. MONEY FM is a 24-hour English talk format station featuring local and international business and financial news. We provide you with financial market and currency updates and insights from analysts, economists, policy makers, industry experts and business owners.
In the lighter hours, listen to discussions on social issues and features on topics that include health, education, arts and music.

MONEY FM 89.3 is Singapore’s first and only Business and Personal Finance station.

MONEY FM 89.3

Insightful discussions on the latest market events and the top companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 

Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Get a head start on your workday with Ryan Huang, Emaad Akhtar and Audrey Siek from 6 am to 9 am. 
Listen to insightful discussions on the stories and issues that matter the most to you and be apprised of the markets and the companies to watch.

Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek (6am-9am)

Companies To Watch: Hermès delivers strong growth as luxury sector slows

Singapore’s small- and mid-cap (SMID) stocks are gaining renewed attention as market reforms, improving liquidity, and fresh institutional inflows begin to reshape the sector. But with oil prices rising, inflation risks lingering, and global uncertainty increasing, how should investors approach this space now?

On The Bigger Picture, Dan Koh invites Andy Wong, Senior Equity Research Analyst at OCBC to discuss what’s really driving the sector, how macro risks like rising oil prices and inflation are impacting smaller companies, and where investors can still find opportunities in today’s market.

Singapore&rsquo;s small- and mid-cap (SMID) stocks are gaining renewed attention as market reforms, improving liquidity, and fresh institutional inflows begin to reshape the sector. But with oil prices rising, inflation risks lingering, and global uncertainty increasing, how should investors approach this space now?
On The Bigger Picture, Dan Koh invites Andy Wong, Senior Equity Research Analyst at OCBC to discuss what&rsquo;s really driving the sector, how macro risks like rising oil prices and inflation are impacting smaller companies, and where investors can still find opportunities in today&rsquo;s market.

Bigger Pic: Do SMID stocks hold any value in today’s market

The creator economy has made it easier than ever to build an audience. But turning that audience into a real business is a very different challenge.

In this episode of Mind Your Business, The Breakfast Show speaks with Christabel Chua, co-founder of Bridge & Bella, about her transition from content creator to brand builder and how she used her experience as a creator to build a product-led business.

The creator economy has made it easier than ever to build an audience. But turning that audience into a real business is a very different challenge.
In this episode of Mind Your Business, The Breakfast Show speaks with Christabel Chua, co-founder of Bridge &amp; Bella, about her transition from content creator to brand builder and how she used her experience as a creator to build a product-led business.

Mind Your Business: Christabel Chua on converting followers into customers

Allbirds has made a dramatic pivot from footwear to artificial intelligence, rebranding itself as NewBird AI and sending its stock soaring. After struggling with declining sales and selling off its core business, the company is now betting on AI compute infrastructure and GPU services.

Dan Koh and Ryan Huang break down what’s driving the rally, the strategy behind the pivot, and whether this is a genuine turnaround story or a hype-driven move.

Allbirds has made a dramatic pivot from footwear to artificial intelligence, rebranding itself as NewBird AI and sending its stock soaring. After struggling with declining sales and selling off its core business, the company is now betting on AI compute infrastructure and GPU services.
Dan Koh and Ryan Huang break down what&rsquo;s driving the rally, the strategy behind the pivot, and whether this is a genuine turnaround story or a hype-driven move.

Companies To Watch: Hermès delivers strong growth as luxury sector slows

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