Half Yearly Report and Accounts

• Revenue up 5.3% to $817.0 million
• Profit after tax down 40.5% to $28.1 million
• Interim dividend of 3.25 cents per share
• Opened 27 new stores, closed 21 stores

Accent Group Limited, a leading digitally integrated consumer business in the retail and distribution sectors of branded performance and lifestyle footwear, apparel and accessories, has reported its financial results for the half-year ended 28 December 2025. The Group recorded total statutory revenue of $817.0 million, up 5.3% on the prior year, which is comprised of owned sales to customers (excluding TAF franchise sales) of $810.5 million and other revenue of $6.5 million. Including TAF franchise sales, the Group delivered total sales of $865.2 million, up 2.4% on the prior year. Gross margin of 53.0% from owned sales to customers (excluding TAF franchise sales) decreased by 260 basis points from the prior year, impacted by the promotional consumer environment, a disciplined approach to clearing inventory and the year-on-year decline in the AUD/USD exchange rate. Net profit after tax for the half-year was $28.1 million, down 40.5% on the prior year. The Group continues to pursue a range of growth opportunities across its core banners and new businesses including Sports Direct, HOKA, Lacoste and The Athlete's Foot. Disciplined cost management remains a key focus for the Group. The Group opened 27 new stores during H1 and closed 21 stores, with 12 of the closures attributed to Glue and Vans stores. The Group expects to open at least a further 40 new stores in H2 FY26.

The Group remains in a strong position with a flexible and resilient business model, a strong balance sheet and conservative gearing levels.