FY26 Results Announcement
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| Stock | Step One Clothing Ltd (STP.ASX) |
|---|---|
| Release Time | 19 Aug 2026, 8:33 a.m. |
| Price Sensitive | Yes |
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Step One Clothing Ltd FY26 Results
Key Points
- Revenue of $63.7 million, down 26.7% year-on-year
- Reported EBITDA loss of $7.4 million; Adjusted EBITDA profit of $1.7 million
- Adjusted gross margin of 75.9%, slightly down from prior year
- Strong balance sheet with $25.8 million in cash and no debt
- Customer database exceeded two million for the first time
Full Summary
Step One Clothing Ltd announced its financial results for the year ended 30 June 2026. The company reported a revenue of $63.7 million, a 26.7% decrease from the previous year, reflecting subdued consumer demand and a reduction in discounting. The company reported an EBITDA loss of $7.4 million compared to a profit of $17.4 million in FY25. Adjusted EBITDA profit was $1.7 million, and adjusted gross margin was 75.9%. The company's balance sheet remained strong with $25.8 million in cash and no debt. The customer database grew to over two million for the first time.
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