• Marketplace revenue decline moderated to 1.1% on constant currency basis
• Sustained margin expansion with 10.2% constant currency growth in gross profit
• Acquired Frankly Wearing, an India-based creator-driven print-on-demand marketplace

Articore Group has delivered continued progress in its turnaround strategy, with the company reporting improved revenue trends and sustained margin expansion in its 3QFY26 trading update. The company's marketplace revenue decline moderated to 1.1% on a constant currency basis, compared to a 2.7% decline in 2QFY26 and a 9.3% decline in 1QFY26. This reflects enhanced paid marketing effectiveness and continued refinement of promotional strategies. Articore also reported sustained margin expansion, with 3QFY26 gross profit up 10.2% on a constant currency basis and gross profit after artist payments (GPAPA) up 3.2%, driven by supply chain synergies and changes to artist fees designed to strengthen marketplace dynamics. The company also announced the acquisition of Frankly Wearing, an India-based creator-driven print-on-demand marketplace, which will accelerate Articore's technology platform consolidation through the establishment of an India-based engineering capability and provide an entry point into the over US$1 billion Indian print-on-demand market. Despite a more than 6% depreciation of the US dollar against the Australian dollar since the start of the financial year, Articore's embedded operational hedge, with approximately 75% of both revenue and cost base US dollar-denominated, has greatly neutralized any US dollar exchange rate impact at the EBIT and underlying cash flow lines. As a result, the company has reaffirmed its FY26 guidance, including a GPAPA margin of 27-29%, EBIT of $6-$10 million, and underlying cash flow of $8-$12 million.

FY26 guidance: GPAPA margin of 27-29%, EBIT of $6-$10 million, and underlying cash flow of $8-$12 million.

Articore is focused on converting its current momentum into sustained, long-term growth in revenue and margin improvement.