Preliminary Final Report
| Stock | Accent Group Ltd (AX1.ASX) |
|---|---|
| Release Time | 22 Aug 2025, 9:18 a.m. |
| Price Sensitive | Yes |
Accent Group Ltd reports FY25 results
- Total sales of $1.62 billion, up 0.8% on prior year
- Net profit after tax of $57.7 million, down 3.1% on prior year
- Declared total dividends of 7.00 cents per share for FY25
Accent Group Limited has reported its financial results for the year ended 29 June 2025. The company's total sales to customers, including The Athlete's Foot franchise stores, were $1.62 billion, up 0.8% on the prior year. Accent Group's owned sales were $1.46 billion, an increase of 1.6% compared to FY24. The company's net profit after tax was $57.7 million, down 3.1% on the prior year. Earnings per share declined by 4.6% to 10.12 cents per share. The Board has declared a final fully franked dividend of 1.50 cents per share, bringing the total dividends declared during the year to 7.00 cents per share. The results were impacted by low overall growth in the discretionary lifestyle footwear market and a prevailing promotional trade environment, which put downward pressure on gross margins. The company maintained its focus on customer service and experience, digital and store execution, and product innovation to ensure strong brand health. During the year, Accent Group concluded a strategic transaction with Frasers Group plc to launch the Sports Direct business across Australia and New Zealand, acquired the Lacoste and Dickies brands, and closed underperforming Glue stores. The company remains focused on delivering long-term profits and growing shareholder value.
The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.
The company remains focused on the long-term objective of delivering profits and growing shareholder value. It is particularly excited about the opportunity that the Sports Direct business brings to the group over the coming years.