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Accent Group Limited (ASX:AX1)

ALERT: Price-sensitive ASX Announcement for AX1
Current share price for AX1 : $0.715 -0.115 (-13.86%)+
Announcement
Release
25 Feb 2026 8:43AM
Price at Release
$0.830
Full Release
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Summary
Accent Group Limited reported its Half Year 2026 financial results, showing a 5.7% increase in total sales to $810.5 million compared to the previous year. The company managed its Cost of Doing Business (CODB) effectively, despite facing inflationary pressures, by optimizing store leases and controlling marketing expenses. The gross margin was slightly impacted by a promotional environment and unfavorable AUD/USD exchange rates. Notably, the company closed non-core businesses such as OzSale and Glue, which negatively impacted financial results by $16.2 million. The net profit after tax (NPAT) was $28.1 million, a decrease of 40.5% from the previous year. The company declared an interim dividend of 3.25 cents per share. Accent Group continues to expand, adding 27 new stores and proceeding with a strategic partnership with the Frasers Group to leverage the Sports Direct brand.
Key Points
  • Total sales increased by 5.7% to $810.5 million.
  • Gross margin impacted by promotional environment and currency rates.
  • Closure of OzSale and Glue businesses impacted results by $16.2 million.
  • Net profit after tax decreased by 40.5% to $28.1 million.
  • Interim dividend declared at 3.25 cents per share.
  • 27 new stores opened in H1 FY26.
  • Strategic partnership with Frasers Group for Sports Direct brand.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.