FY26 Half Year Results Investor Presentation

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Stock Accent Group Ltd (AX1.ASX)
Release Time 25 Feb 2026, 8:43 a.m.
Price Sensitive Yes
 Accent Group Reports H1 FY26 Results
Key Points
  • Total sales up 2.4% to $865 million
  • EBIT down 29.9% to $56.5 million
  • NPAT down 40.5% to $28.1 million
  • Interim dividend of 3.25 cents per share
Full Summary

Accent Group has reported its financial results for the 26 weeks ended 28 December 2025. Total sales increased by 2.4% to $865 million, with retail sales up 5.2% and wholesale sales up 9.4%. However, EBIT declined by 29.9% to $56.5 million, and NPAT fell 40.5% to $28.1 million, impacted by $16.2 million in non-recurring trading losses and provisions related to the closure of the OzSale and Glue businesses. The company's gross margin was 54.3%, down from 55.6% in the prior year, due to the promotional environment and a decline in the AUD/USD exchange rate. Accent Group continued to expand its store network, opening 27 new stores including the launch of Sports Direct and Lacoste, while also closing 21 stores. The company's vertical owned brands saw sales of $67 million, up 1.5% on the prior year. Accent Group announced an interim dividend of 3.25 cents per share, fully franked, and provided guidance for H2 FY26 EBIT in the range of $30-35 million, assuming flat LFL sales and gross margin compared to the prior year. The company also plans to host an investor strategy day in Q4 FY26 to provide an update on its growth priorities and medium-term financial framework.

Guidance

The company confirms guidance for H2 FY26 EBIT in the range of $30M - $35M. This guidance assumes H2 FY26 LFL sales and gross margin % flat to prior year.

Outlook

Accent Group plans to host an investor Strategy Day in Q4 FY 2026 to provide an update on its strategy, growth priorities and medium-term financial framework.