Key points
- Record Group Revenue of $655.7m, up 4.1% in constant currency
- Comparable EBIT up 57% to $24.0m
- Dividend restored at 5¢ per share
- Balanced approach to growth and profitability
- Strategic simplification of brand portfolio
Full summary
Michael Hill International Ltd reported a strong financial year 2026, achieving record Group revenue of $655.7 million, up 4.1% in constant currency. The company saw a 57% increase in comparable EBIT to $24.0 million, reflecting improved operational efficiency and strategic focus. The company also restored its dividend at 5¢ per share, demonstrating commitment to returning value to shareholders. The company's strategic simplification of its brand portfolio and focus on profitable growth were key drivers of this performance. The company also highlighted progress in its strategic growth engines, including productivity improvements, digital acceleration, and product innovation. The company's balanced approach to growth and profitability, along with disciplined capital deployment, positions it well for future success.
Guidance
Comparable EBIT up 57% to $24.0m
Outlook
Michael Hill aims to continue driving profitable growth, focusing on customer engagement, profitability, and operational efficiency. The company plans to simplify its brand portfolio and invest in strategic growth engines.