Adairs Ltd FY26 Trading Update
Key points
- FY26 Group sales expected to be $640.0m to $641.5m.
- FY26 Group underlying EBIT expected to be $53.5m to $55.5m.
- Expected non-cash impairment of Focus on Furniture goodwill and brand intangible.
Full summary
Adairs Limited (ASX: ADH) reported a trading update for the 2026 financial year (FY26). The company expects group sales to be in the range of $640.0 million to $641.5 million, a 3.7% increase from the previous year. Underlying EBIT is expected to be $53.5 million to $55.5 million, a slight decline of 1.3%. Adairs and Mocka business units showed positive growth, while Focus on Furniture continued to underperform. The company anticipates a non-cash impairment charge of $62 million to $68 million for Focus on Furniture, impacting the overall statutory net loss after tax for FY26, estimated at approximately $43 million.
Guidance
FY26 Group sales: $640.0m to $641.5m, FY26 Group underlying EBIT: $53.5m to $55.5m
Outlook
The company is transitioning Focus on Furniture under new management, with plans to improve performance in FY27.
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