Key points
- FY26 EBIT of $10.3 million, a $20.1 million improvement from FY25
- Marketplace revenue declined 6.5% (3.8% constant currency)
- Record gross profit margin of 49.6% and GPAPA margin of 28.6%
- Closing cash balance of $40.5 million, underlying cash flow of $10.1 million
- FY27 guidance: GPAPA margin 27%-30%, Operating expenses $79-85 million, Operating EBITDA $17-23 million
Full summary
Articore Group Ltd delivered a strong financial performance in FY26, achieving a $10.3 million EBIT, marking the first profitable year since listing outside the pandemic-driven spike in FY21. The company saw a $20.1 million turnaround year-on-year. Marketplace revenue declined by 6.5% (3.8% constant currency) as the Group prioritized improving margins and restoring profit. Gross profit margin reached a record 49.6%, and GPAPA margin improved to 28.6%. The balance sheet was strengthened with underlying cash flow of $10.1 million and a closing cash balance of $40.5 million. The company provided guidance for FY27 with a GPAPA margin of 27%-30%, operating expenses between $79-85 million, and operating EBITDA between $17-23 million.
Guidance
FY27 guidance: GPAPA margin 27%-30%, Operating expenses $79-85 million, Operating EBITDA $17-23 million
Outlook
The company anticipates continued growth driven by supply chain efficiencies, pricing, and marketing effectiveness. The acquisition of an Indian-based marketplace and the launch of Dashery are expected to further drive growth and profitability.