• Revenue up 8.4% to $60.6M, driven by BBQ sales growth and strong NZ kitchen appliance sales
• EBITDA up 5.6% to $11.4M, reflecting sales growth and lower post-ERP IT costs
• NPAT up 10.0% to $6.6M, EPS up 37.1% on pcp

Shriro Holdings Ltd has reported a solid 2026 half year performance, with revenue increasing 8.4% to $60.6 million, EBITDA up 5.6% to $11.4 million, and NPAT rising 10.0% to $6.6 million compared to the prior corresponding period. The company's growth was driven by strong BBQ sales in the Australian market and robust kitchen appliance sales in New Zealand, despite subdued consumer conditions in the latter market. The company's ERP implementation was completed during the period, though optimization costs remain. Shriro is also undertaking a comprehensive IT cost review, with further efficiencies expected. In the international markets, revenue increased 105.6% on the prior period, though a significant portion of this related to discounted stock sold to the new US distributor. The company also saw growth in its European markets through the consolidation of distributors, though this was partially offset by a distributor inheriting excess inventory.Looking ahead, Shriro is reaffirming its EBITDA guidance of greater than $15.3 million for FY26, though notes ongoing macroeconomic volatility, including potential tariff changes on goods exported from China to the USA, may continue to affect customer orders in its US export business. The company intends to proceed with a $15 million off-market buy-back in the second half of FY26, and its growth strategy will include targeted acquisitions alongside continued organic brand expansion. Dividends will be deprioritized as the company focuses on funding capital growth.

Reaffirming EBITDA guidance of greater than $15.3M for FY26.

Ongoing macroeconomic volatility, including potential tariff changes on goods exported from China to the USA, may continue to affect customer orders in Shriro's US export business. Growth strategy to include targeted acquisitions alongside continued organic brand expansion, with dividends deprioritized as the company focuses on funding capital growth.