Jerash Holdings (NASDAQ:JRSH) delivered a strong third-quarter performance Monday, as the Jordanian garment manufacturer capitalized on surging demand from global sportswear giants and a new strategic partnership in Korea.
The Fairfield, New Jersey-based company (NASDAQ:JRSH) reported revenue of $41.8 million for the fiscal quarter ended Dec. 31, 2025, an 18% increase over the prior year.
Efficiency gains and a more favorable product mix helped drive gross margin up 170 basis points to 16.9%, while operating income nearly tripled to $1.9 million.
Net income saw a dramatic turnaround, climbing to $1.2 million compared to nearly break-even results a year ago, reflecting the company’s success in scaling its "duty-free" Jordanian manufacturing model.
To sustain this momentum, Jerash is embarking on its most ambitious expansion to date.
On Feb. 5, the company announced the $3.4 million acquisition of an 184,000-square-foot manufacturing facility in Amman.
Following an additional $5 million investment in high-tech automation and renovations, the site is expected to increase Jerash's total production capacity by at least 40% by the end of 2026.
This "flagship" complex is slated to employ up to 2,500 new workers, bringing the company's total workforce to over 8,500.