• Delivered $5.1 million in NPAT, up 29% on prior year
• KWB and Bedshed divisions performed strongly, with revenue and EBIT growth
• Interim dividend of 13.0 cents per share, up 23.8% on prior year

Joyce Corporation Ltd (ASX: JYC) is pleased to report its financial result for the first half of the 2026 financial year. The Group delivered an excellent performance, generating $5.1 million of NPAT attributable to Joyce shareholders, an increase of 29% compared to the previous corresponding period. Normalised Group EBIT increased to $14.8 million, up 21% on the prior corresponding period, driven by an 11% increase in revenue and EBIT margin expansion from 16.6% to 18.2%. The KWB Group (Kitchen Connection and Wallspan) furthered its position as the market leader in 'do it for me' kitchen and wardrobe renovations, installing more than 2,000 kitchens and 1,000 wardrobes during the half and winning the Annual (2026) Product Review awards in its two categories for the fifth year in a row. KWB delivered double-digit growth in orders, revenue and EBIT, compared to the prior corresponding period.The Bedshed Network expanded to 44 stores during the half, following the addition of new franchises. While consumer behaviour remained influenced by cost-of-living pressures, coordinated national promotional campaigns proved highly effective, delivering record business written sales during key trading periods.The Group ended 1HY26 with a net cash position of $35.8 million and the Board has resolved to pay a fully franked interim dividend of 13.0 cents per share, representing a payout ratio of 75% of normalised NPAT attributable to Joyce shareholders.

Joyce Corporation expects to maintain or improve EBIT margin performance in the second half of FY2026 as new store openings reach steady-state trading levels and operational leverage continues to build across the business.

The Group remains well positioned to deliver long-term value to shareholders through continued organic growth and consistent cash generation from its capital-light operating model. The company continues to prioritise organic growth opportunities and remains focused on securing high-quality, tier-one showroom locations for both KWB and Bedshed.