Half Year Results Announcement
| Stock | City Chic Collective Ltd (CCX.ASX) |
|---|---|
| Release Time | 24 Feb 2026, 8:29 a.m. |
| Price Sensitive | Yes |
City Chic Collective Reports 1H FY26 Results
- Global sales revenue of $69.2m
- ANZ trading revenue up 7.4% and Gross Margin up 10.1% on PCP
- USA continues to trade profitably
City Chic Collective Limited (ASX: CCX) announced its financial results for the 6-months to 28 December 2025 (1H FY26). The Group delivered Underlying EBITDA of $6.5 million, representing growth of 86% compared with the prior corresponding period (PCP). This result reflects continued operational discipline and improved trading performances across key markets. Total revenue for the half was $69.2 million. In ANZ, revenue increased 7.4% on PCP, supported by robust consumer demand and an improved product performance. Trading gross margin dollars increased 10.1%, with trading margin up 1.3 percentage points versus last year and 6.4 percentage points versus two years ago. In the Americas, first-half revenue was $9.7 million, down 31.4% on PCP, due to the Group's deliberate decision to reduce purchasing in response to tariff-related volatility. The Group ended the half in a net cash position of $5.4 million, an increase of 84% compared with June 2025, reflecting a stronger operating performance and disciplined working capital management. Inventory levels have reduced by almost 10% since June 2025 and by more than 20% compared with the PCP, primarily driven by the strategic purchasing reduction in the Americas.
The Group's ANZ revenue is up 9% with trading Gross Margin dollars up 17% on PCP in the first 8 weeks of 2H FY26. The USA sales have declined, as planned, and the Group is preparing for a Q4 sales relaunch, supported by Summer 2026 product already ordered and aligned to refreshed commercial and channel plans.
The Group is maintaining a disciplined focus on costs, inventory, and execution, recognizing the ongoing macro-economic pressures and softer consumer sentiment impacting demand. The evolving developments regarding tariffs, as it currently stands, would result in a 5% reduction in duties for goods entering the USA from China, but this does not impact the Group's current plans or timelines.