• Total sales of $1.62 billion, up 0.8% from FY24
• EBITDA of $288.8 million, down 1.7% from FY24
• NPAT of $57.7 million, down 3.1% from FY24

Accent Group Limited (ASX: AX1) reported its full-year results for the 52 weeks ended 29 June 2025 (FY25). The company reported total sales of $1.62 billion, up 0.8% from FY24. Owned sales were $1.46 billion, up 1.6% year-over-year. EBITDA was $288.8 million, down 1.7% from FY24, and EBIT was $110.2 million, down 0.2% from the prior year. Net Profit After Tax (NPAT) was $57.7 million, a 3.1% decrease from FY24. Earnings Per Share (EPS) was 10.1 cents, compared to 10.6 cents in FY24. The company declared a fully franked final dividend of 1.5 cents per share, bringing the total dividends for the FY25 year to 7.0 cents per share, down from 13 cents per share in FY24. Accent Group CEO Daniel Agostinelli noted the company's performance brands, including The Athlete's Foot, Hoka, Saucony and Merrell, as well as Hype and Stylerunner, performed strongly, while Nude Lucy had a record year of sales and profit. The company continued its store expansion, opening 54 new stores and closing or divesting 57 stores during the year. The Sports Direct roll-out is on track, with plans for an initial roll-out of at least 50 stores over the next six years. The company is targeting high single-digit EBIT growth for FY26, with a similar level of EBIT in H1 FY26 compared to H1 FY25, followed by growth in H2 FY26.

The company is targeting high single-digit EBIT growth for FY26 (inclusive of the startup costs associated with Sports Direct). The outlook for H1 FY26 EBIT is for a similar level of EBIT to H1 FY25 then growth in H2 FY26. This target is based on achieving low single-digit LFL 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 % and CODB % are planned to be broadly flat to FY25.

Accent Group continues to pursue a range of growth opportunities, including the roll-out of Sports Direct stores, with plans for an initial roll-out of at least 50 stores over the next six years, and the continued roll-out of new stores across its core banners and new businesses, with at least 30 new stores planned in FY26 (excluding Sports Direct). The company also has a strong pipeline of committed wholesale orders, led by Skechers and Hoka, and sees further growth opportunities in its Nude Lucy and Stylerunner brands.