• Achieved best fourth quarter in five years with disciplined cost management, supply chain synergies, and unified 'one business' approach
• Gross profit margin hit record highs and paid marketing efficiency drove further gains, positioning Articore for continued positive momentum
• Targeting GPAPA margin between 27% and 29% and EBIT between $2 million and $8 million in FY26, alongside underlying cash flow between $5 million and $12 million

Articore Group Limited (Articore or the Group) has released its audited financial results for the year ended 30 June 2025 (FY25) and provided FY26 guidance. The company has achieved its best fourth quarter in five years, marking a significant step forward in Articore's turnaround strategy. This was driven by disciplined cost management, supply chain synergies, and a unified 'one business' approach across its marketplaces. Articore's gross profit margins hit record highs, and paid marketing efficiency drove further gains, positioning the company to continue this positive momentum into the next financial year. In FY25, Articore's marketplace revenue (MPR) was $379.1 million, down 10% on the prior corresponding period (pcp), as TeePublic's growth was offset by a decline in Redbubble's. Gross profit was $173.0 million, down 5% on pcp, but the gross profit margin increased by 270 basis points to 45.6%, reflecting the initial benefits of marketplace integration synergies. Gross profit after paid acquisition (GPAPA) was $100.6 million, down 7% on pcp, but the GPAPA margin increased by 100 basis points to 26.5%, at the higher end of guidance. Operating expenses were reduced by 7% to $91.3 million, and EBIT improved by 5% to -$9.8 million. The company delivered positive underlying cash flow of $0.6 million, or $3.8 million excluding the investment in the new product, Dashery. For FY26, Articore is targeting a GPAPA margin between 27% and 29%, EBIT between $2 million and $8 million, and underlying cash flow between $5 million and $12 million, representing a significant turnaround in the Group's financial performance.

In FY26, Articore is targeting a GPAPA margin between 27% and 29%, EBIT between $2 million and $8 million, and underlying cash flow between $5 million and $12 million.

Articore is committed to a clear list of priorities to build on its recent progress, including unlocking new revenue streams, stabilising the Redbubble marketplace's revenue decline, implementing further cost savings and efficiencies to improve margins, and harmonising the marketplaces' tech stacks and operations to achieve future cost savings.