• Kogan.com records 16.9% revenue growth, Mighty Ape progresses through business reset
• Group achieves 7.8% increase in gross profit, 39.7% gross margin
• Kogan.com generates strong performance, Mighty Ape impacted by reset initiatives

The Kogan Group ('Group') delivered a strong performance in 1HFY26, led by continued momentum at Kogan.com, while Mighty Ape progressed through a structured business reset. Kogan.com recorded revenue of $232.4 million, up 16.9% on the prior corresponding period (pcp), supported by expansion across all operating divisions. Mighty Ape recorded revenue of $55.2 million, down 25.3% on the pcp, reflecting the deliberate inventory clearance and operational reset initiatives undertaken during the period. The Group achieved a Gross Margin of 39.7% and Gross Profit of $114.2 million, an increase of 7.8% on the pcp. Kogan.com Gross Profit increased 16.4%, while Mighty Ape Gross Profit declined 28.7%, primarily due to discounting to finalise inventory right-sizing and position the business for improved operating efficiency. The Group recorded a statutory profit after tax of $8.2 million, which included non-cash and non-recurring items. Adjusting for these items, the Group's Adjusted Profit After Tax was $12.2 million. The Board has declared a fully franked interim dividend of 8.0 cents per Ordinary Share, up 14.3% on the pcp, and intends to resume the Company's on-market share buy-back program.

The Company reaffirms its previous guidance of full financial year FY26 Adjusted EBITDA margins of between 6% and 9%.

Kogan Group enters the second half of FY26 with a clear objective of continuing to invest in long-term sustainable growth. Focus will remain on Mighty Ape and its continued recovery, targeting process and cost optimisation. A return to positive performance in Mighty Ape is expected in 2HFY26. Along with this, the Group expects to continue the strong momentum of its Platform-based Sales and Kogan Products performance.