Trading Update
| Stock | Accent Group Ltd (AX1.ASX) |
|---|---|
| Release Time | 25 Feb 2026, 8:39 a.m. |
| Price Sensitive | Yes |
Accent Group reports H1 FY26 results
- Total sales up 2.4% to $865.2 million
- EBITDA of $156 million, EBIT of $56.5 million
- Pro-forma EBIT from continuing business of $72.7 million
- Opened first Sports Direct store with pleasing early trade
Accent Group Limited (ASX: AX1) has reported its financial results for the 26 weeks ending 28 December 2025 (H1 FY26). The company reported total sales of $865.2 million, up 2.4% compared to the prior year, with owned sales up 5.7%. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was $156 million, and Reported Earnings Before Interest and Tax (EBIT) was $56.5 million. Pro-forma EBIT from the company's continuing business was $72.7 million. Net Profit After Tax (NPAT) was $28.1 million, and Statutory Earnings Per Share (EPS) was 4.67 cents. The company declared a fully franked interim dividend of 3.25 cents per share. Accent Group CEO, Daniel Agostinelli, said the company achieved growth across many of its businesses, with The Athlete's Foot, HOKA, Merrell and Nude Lucy all experiencing strong growth. Platypus and wholesale sales were also ahead of the prior year, with wholesale forward orders also ahead of the prior year into the second half of FY26. The company successfully opened its first Sports Direct store and website, with pleasing early trade. Accent Group continues to pursue a range of growth opportunities across its core banners and new businesses, including further expansion of Sports Direct, HOKA, and Lacoste. The company has also made the decision to cease the operations of Glue Store, with all 16 remaining Glue stores planned to be closed or transitioned by the end of Q4 FY26. For the first 8 weeks of H2 FY26, sales (excluding The Athlete's Foot franchise) have grown by 7.1%, with Like-for-Like sales flat on the prior year. The company confirms guidance for H2 FY26 EBIT in the range of $30 million to $35 million, assuming flat Like-for-Like sales growth and gross margin percentage flat to the prior year.
The company confirms guidance for H2 FY26 EBIT in the range of $30 million to $35 million, assuming flat Like-for-Like sales growth and gross margin percentage flat to the prior year.
Accent Group continues to pursue a range of growth opportunities across its core banners and new businesses, including further expansion of Sports Direct, HOKA, and Lacoste. The company has also made the decision to cease the operations of Glue Store, with all 16 remaining Glue stores planned to be closed or transitioned by the end of Q4 FY26.