ATG.ASX: Trading Update

Trading Update

Stock	Articore Group Ltd (ATG.ASX)
Release Time	15 Jan 2026, 8:47 a.m.
Price Sensitive	Yes

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Articore Group delivers margin expansion and improved revenue

Key Points

Marketplace revenue declined 3.2% in 2QFY26, an improvement from 6.6% decline in 1QFY26
1HFY26 gross profit increased 6.0% driven by supply chain synergies and new artist account fees
1HFY26 GPAPA increased 8.9% due to higher gross profit and improved efficiency in paid marketing

Full Summary

Articore Group Ltd (ASX: ATG) has provided a trading update, reporting clear progress against its turnaround strategy in the first half of FY26. The company's marketplace revenue (MPR) showed signs of improvement in 2QFY26, declining 3.2% compared to a 6.6% decline in 1QFY26. This reflects enhanced paid marketing effectiveness and optimisation of pricing and promotional strategies. 1HFY26 gross profit increased 6.0%, driven by supply chain synergies and new artist account fees. 1HFY26 gross profit after paid acquisition (GPAPA) increased 8.9% due to higher gross profit and improved efficiency in paid marketing. The Group CEO and Managing Director stated that these results reflect disciplined execution and a structural step-change in the way the company operates, and the company is confident it can build on the strength and momentum generated this half as it enters 2026.