• Revenue up 6.8% to $48.1 million
• Profit up 15.1% to $8.2 million
• Strong cash position of $43.8 million

Step One Clothing Limited has reported a strong financial performance for the half-year ended 31 December 2024. Revenue increased by 6.8% to $48.1 million, while profit after tax rose by 15.1% to $8.2 million compared to the previous corresponding period. The company's EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) also increased by 10.4% to $11.2 million. Step One Clothing remains well-funded with a strong cash position of $43.8 million as at 31 December 2024, which provides the financial capacity to pursue expansion opportunities. The company attracted over 8.1 million website visits during the period, with a customer retention rate of over 68.6%. The Directors have declared a dividend of 2.8 cents per share for the year ended 30 June 2024, payable in September 2024.

The company remains well-positioned for continued growth, with a strong brand, loyal customer base, and robust financial position. Step One Clothing will continue to invest in marketing, product development, and operational efficiency to drive further expansion and profitability.