• Continued retail sales growth driven by store rollout and new banners
• Expansion of omni-channel capabilities and contactable customer database
• Vertical sales growth strategy and exclusive brand distribution agreements

Accent Group delivered another year of solid financial performance in FY2025, with total sales of $1.62 billion, up 0.8% on the prior year. The company saw a 2.5% increase in retail owned sales to $1.30 billion, while like-for-like sales grew 0.7%. Accent continued to expand its store network, opening 54 new stores during the year to reach a total of 892 stores across Australia and New Zealand. The company also grew its contactable customer database to over 10 million. Accent's vertical sales strategy continued to gain traction, contributing around 9% of total owned sales. The company also announced a strategic partnership with Frasers Group to launch the Sports Direct brand in Australia and New Zealand, with the first store expected to open in November 2025. Accent's EBIT was $110.2 million, down 0.2% on the prior year, with NPAT of $57.7 million, a decrease of 3.1%. The company declared a final dividend of 1.5 cents per share, bringing the total dividend for the year to 7.0 cents per share, fully franked.

The company is targeting high-single digit EBIT growth in FY2026, inclusive of the startup costs associated with the Sports Direct brand. This is based on achieving low single digit like-for-like sales growth, growth from new and annualising stores, incremental profit from The Athlete's Foot franchise acquisition program, new distributed brands, and continued growth in Hoka and Nude Lucy. Gross margin percentage and CODB percentage are planned to be broadly flat to FY2025.

The outlook for H1 FY2026 EBIT is for a similar level to H1 FY2025, followed by growth in H2 FY2026. This is driven by the company's plans to continue expanding its store network, drive growth in its vertical and distributed brands, and benefit from the acquisition of The Athlete's Foot franchise stores.