• Delivering profitable growth with comparable EBIT up 28.6%
• Canada achieved record sales and same store sales growth of 6.1%
• Australia grew same store sales by 4.8% and New Zealand returned to positive territory

Michael Hill International Ltd reported a strong FY26H1 performance, with comparable EBIT growing 28.6% to $31.0 million, driven by revenue growth across all markets. The Canadian segment achieved record sales and same store sales growth of 6.1%, the Australian segment grew same store sales by 4.8%, and the New Zealand segment returned to positive territory with 1.8% same store sales growth. The company focused on improving retail fundamentals, operational excellence, and customer-centric initiatives, including product evolution, expanding the Pendant Bar and gifting range, and enhancing the in-store experience. New flagship stores were opened in key locations, and the company successfully transitioned to a new distribution centre in New Zealand. Gross margin was broadly flat despite higher input costs, and the company's net cash position improved significantly due to working capital initiatives.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The positive momentum from FY26H1 has continued into FY26H2, with total sales for the Group up 4.5% and same store sales up 6.0% in the first eight weeks. The company is focused on driving further profitable growth through its customer-centric initiatives.