Key points
- Record group revenue of $655.7m, up 1.9% YoY
- Comparable EBIT increased 57% to $24.0m
- Final dividend declared at 2.0 cents per share
- Net debt reduced by $36.3m to $5.5m
- Online sales grew to 8.7% of total sales
Full summary
Michael Hill International Ltd announced its preliminary final report for the financial year ended 28 June 2026, highlighting a record revenue of $655.7m, up 1.9% from the previous year. The company reported a significant increase in comparable earnings before interest and tax (EBIT) by 57% to $24.0m. The Group's strategic simplification, focusing on its core brands Michael Hill and Bevilles, contributed to the improved performance. The Group also reduced its net debt by $36.3m to $5.5m, reflecting disciplined cash and working capital management. Online sales grew to 8.7% of total sales, driven by enhancements to the digital experience. The company declared a final dividend of 2.0 cents per share, partially franked, reflecting the Board's confidence in the progress of the turnaround and the Group's focus on building a simpler, stronger, and more sustainable business.
Guidance
Comparable EBIT expected to continue improving, revenue growth of 1.9% YoY, net debt reduced by $36.3m to $5.5m
Outlook
Michael Hill International Ltd anticipates continued improvement in comparable EBIT, driven by strategic simplification and operational efficiencies. The company expects revenue growth to continue, supported by strong performance across its core brands and markets.