AX1 Price sensitive 21 Aug 2026, 8:41 AM

Preliminary Final Report

Accent Group Ltd

Accent Group Ltd Preliminary Final Report

Key points

  • Revenues from ordinary activities up 4.3% to $1,539,221
  • (Loss)/Profit after income tax down 123.9% to -$13,766
  • Underlying profit for the year down 7.7% to $51,033
  • Rejected Frasers takeover bid
  • Completed TAF franchise reacquisition program

Full summary

Accent Group Limited reported its preliminary final results for the year ended 28 June 2026. The company saw a 4.3% increase in revenues from ordinary activities to $1,539,221, while profit after income tax fell by 123.9% to -$13,766. Underlying profit for the year decreased by 7.7% to $51,033. The company rejected a takeover bid from Frasers Group, deeming it inadequate. Accent Group also completed its The Athlete's Foot franchise reacquisition program, acquiring 17 stores and closing underperforming Glue stores and OzSale online business. The company incurred defense costs of $2.1 million related to the takeover bid and expects to continue incurring costs in FY27.

Guidance

Revenues from ordinary activities up 4.3% to $1,539,221

Outlook

Accent Group is focused on implementing its 2030 Strategic Growth Plan, targeting $1.9 billion in sales, a 9% EBIT margin, and 950 stores by 2030.

Summary generated by a large language model. Please interpret with care.

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