• Group Gross Sales and Revenue grew 10.3% and 9.9% respectively
• Kogan.com Active Customers grew 15.7% to 2.3 million
• Adjusted EBITDA grew 17.5% to $25.3 million

Kogan.com Ltd (ASX:KGN) announced its results for the half-year ended 31 December 2024 (1HFY25). The company reported strong growth across key metrics, with Group Gross Sales and Revenue increasing by 10.3% and 9.9% respectively. This was underpinned by a 15.4% and 22.3% growth in Kogan.com's Gross Sales and Revenue. The company's Active Customers grew to over 3 million, up 9.4% year-on-year, reflecting a strengthening of market share. Kogan.com's Active Customers grew 15.7% to 2,345,000. Group Gross Profit and Gross Margin increased by 18.3%, with Gross Margin growing to 38.9%, up 2.8 percentage points. This was driven by a 27.8% increase in Gross Profit and a 1.9 percentage point increase in Gross Margin for Kogan.com. Adjusted EBITDA grew 17.5% to $25.3 million, and EBITDA grew 24.8% to $24.2 million, with Kogan.com's Adjusted EBITDA and EBITDA increasing by 48.0% and 63.6% respectively. Adjusted EBIT grew 21.2% to $19.0 million, and EBIT grew 36.7% to $16.2 million, with Kogan.com's Adjusted EBIT and EBIT increasing by 66.5% and 94.9% respectively. Adjusted NPAT grew 7.9% to $12.3 million, and Statutory NPAT grew 19.0% to $10.3 million. The company also declared a fully franked interim dividend of 7.0 cents per Ordinary Share and intends to resume its share buy-back program. Mighty Ape, the company's New Zealand subsidiary, was significantly impacted by technical issues during a platform upgrade in late October 2024, but the upgrade is expected to deliver growth in the medium and long-term.

The company expects the positive impact of the strategic shifts implemented in late October 2024 for Kogan Marketplace and Mighty Ape to continue supporting growth throughout the remainder of this financial year. The company is also focused on helping its millions of customers navigate the ongoing cost-of-living crisis by offering market-leading prices on the most in-demand products and essential services.