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Michael Hill International Limited (ASX:MHJ)

ALERT: Price-sensitive ASX Announcement for MHJ
Current share price for MHJ : $0.325 -0.115 (-26.14%)+
Announcement
Release
27 Feb 2026 6:03PM
Price at Release
$0.440
Full Release
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Summary
Michael Hill International Limited reported strong financial results for FY26H1 with a 28.6% increase in comparable EBIT to $31.0m, driven by higher sales volumes and effective cost management. Group sales rose by 3.0% to $371.0m, with same store sales growth of 3.8%. The company achieved significant growth in Canada with same store sales up 6.1%, and positive performances in Australia and New Zealand. Despite increased input costs, gross margins remained stable at 61.2%. The company improved its net cash position significantly and did not declare an interim dividend, prioritizing a sustainable dividend policy in the future. Michael Hill also focused on product innovation and customer experience enhancements, including opening new flagship stores. The company's strategy and performance are set to be discussed further at an upcoming Investor Day.
Key Points
  • Comparable EBIT increased by 28.6% to $31.0m.
  • Group sales rose by 3.0% to $371.0m.
  • Same store sales grew by 3.8%.
  • Strong performance in Canada with 6.1% same store sales growth.
  • Gross margin stable at 61.2%.
  • Net cash position improved by $30.5m.
  • No interim dividend declared; focus on sustainable dividends.
  • Product innovation and new flagship stores opened.
  • Upcoming Investor Day to discuss strategy and performance.
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.