• Total statutory revenue up 4.6% to $776.0 million
• Net profit after tax up 11.7% to $47.2 million
• Interim dividend of 5.50 cents per share to be paid

Accent Group Limited has reported its financial results for the half-year ended 29 December 2024. The Group recorded total statutory revenue of $776.0 million, up 4.6% on the prior year, which is comprised of owned sales to customers (excluding TAF franchise sales) of $767.0 million and other revenue of $9.0 million. Including TAF franchise sales, the Group delivered total sales of $844.6 million, up 4.2% on the prior year. Gross margin of 55.6% from owned sales to customers (excluding TAF franchise sales) was a decrease of 100 basis points to the prior year, impacted by the more promotional consumer environment. Net profit after tax for the half-year was $47.2 million, up 11.7% on the prior year, delivered through the Group's continued focus on customers, sought after product, sales growth and continued focus on cost of doing business. The best performing banners were TAF, Hype DC, HOKA, Stylerunner and Nude Lucy. The Group opened 42 new stores during H1, divested 17 Trybe stores and closed 17 stores, with 7 of the closures attributed to Glue Store. The Group expects to open at least a further 10 new stores in H2 FY25.

The Group remains in a strong position with a flexible and resilient business model, a strong balance sheet and conservative gearing levels.