Key points
- Revenue up 2.3% to $103 million
- Profit before tax down 64.6% to $532,000 due to one-off costs
- Normalised EBIT of $2.8 million, margin of 2.7%
Full summary
Adore Beauty Group Limited reported a 2.3% increase in revenue to $103 million for the half-year ended 31 December 2024. Profit before tax decreased by 64.6% to $532,000, impacted by $2.2 million in one-off acquisition-related costs and restructuring costs. Earnings before interest, tax and other one-off costs ('Normalised EBIT') for H1 FY25 was $2,791,000 and the Normalised EBIT margin was 2.7%. The company completed the acquisition of iKOU Holdings Pty Ltd on 31 July 2024. Operating cash flow was positive, with an ending cash balance of $11.6 million as at 31 December 2024. Adore Beauty opened its first physical retail store on 1 February 2025 and is in the process of opening new iKOU branded stores in Berry (NSW) and Melbourne CBD (VIC) in March 2025.