AX1.ASX: Supplementary Target's Statement

Supplementary Target's Statement

Stock	Accent Group Ltd (AX1.ASX)
Release Time	21 Aug 2026, 8:59 a.m.
Price Sensitive	Yes

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Accent Group's Second Supplementary Target's Statement on Frasers Bid

Key Points

Accent Group released its FY26 results and supplementary target's statement
Recognized a non-cash goodwill impairment charge of $48.6 million
Declared a fully franked final dividend of 1.25 cents per share
FY27 expected to benefit from FX hedging with a gross margin upside of $10-20 million
Independent Board Committee continues to recommend shareholders reject the offer

Full Summary

Accent Group Limited (ASX: AX1) has issued its second supplementary target's statement in response to the on-market takeover bid by Frasers Group plc. The statement follows the release of Accent's final FY26 results. Key highlights from the FY26 results include total sales of $1.64 billion, EBITDA of $278.9 million, and underlying EBIT of $105.3 million. The company recognized a non-cash goodwill impairment charge of $48.6 million, reducing reported EBIT to $34.0 million. Accent declared a fully franked final dividend of 1.25 cents per share. The company expects a gross margin benefit of $10-20 million for FY27 from FX hedging. The Independent Board Committee continues to recommend that shareholders reject the Frasers bid, considering the offer price materially inadequate.