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Step One Clothing Limited (ASX:STP)

ALERT: Price-sensitive ASX Announcement for STP
Current share price for STP : $0.145 -0.175 (-54.69%)+
Announcement
Release
18 Feb 2026 8:24AM
Price at Release
$0.320
Full Release
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Summary
Step One Clothing Limited reported a significant decline in financial performance for the half-year ended 31 December 2025. Revenues dropped by 24.5% to $36.33 million compared to the previous period, with a net loss of $8.468 million, marking a 203.5% decrease from the previous profit. The company's EBITDA also fell to a loss of $9.961 million. The company paid out dividends of 2.4 cents per share for the year ended 30 June 2025 but declared no further dividends pending a positive balance in retained earnings. Additionally, revenue realized from various geographical locations showed a notable decline, with Australia contributing the largest share, followed by the UK and the USA. The report highlights that the company remains well-funded with no debt, but with significant decreases in cash and cash equivalents and inventory levels.
Key Points
  • Revenues decreased by 24.5% to $36.33 million.
  • Net loss of $8.468 million for the half-year ended 31 December 2025.
  • EBITDA fell to a loss of $9.961 million.
  • Dividends of 2.4 cents per share paid for the year ended 30 June 2025.
  • No dividends declared for the current period pending positive retained earnings.
  • Australia remains the largest revenue contributor.
  • The company maintains no debt with a strong financial position.
  • Cash and cash equivalents decreased significantly.
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.