Key points
- Underlying EBITDA up 92% to $12.3m
- ANZ revenue up 7.6% with 5.6% comp store sales growth
- USA revenue down 42.1% due to reduced purchasing
- Net cash position increased to $5.2m
- Debt facility extended until March 2028
Full summary
City Chic Collective Ltd presented its FY26 results, highlighting a significant 92% increase in underlying EBITDA to $12.3 million. The company's ANZ revenue grew by 7.6% with a 5.6% increase in comparable store sales. However, USA revenue declined by 42.1% due to a deliberate reduction in purchasing in response to tariff-related volatility. The company's net cash position improved to $5.2 million, and the debt facility was extended until March 2028. City Chic also reported a 3.0% decrease in statutory net profit after tax to $6.6 million and a 11% reduction in inventory. The company is optimistic about FY27, with early signs of improved US retail momentum and positive new customer acquisition.
Guidance
FY26 underlying EBITDA $12.3m, FY26 ANZ revenue $113.8m, FY26 USA revenue $16.7m
Outlook
City Chic expects revenue and margin growth in H1 FY27, with a return to growth in the USA following tariff environment stabilization and new product launches.