Preliminary Final Report
| Stock | Accent Group Ltd (AX1.ASX) |
|---|---|
| Release Time | 21 Aug 2026, 8:41 a.m. |
| Price Sensitive | Yes |
Accent Group Ltd Preliminary Final Report
- 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
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.
Revenues from ordinary activities up 4.3% to $1,539,221
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.