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Adairs Limited (ASX:ADH)

ALERT: Price-sensitive ASX Announcement for ADH
Current share price for ADH : $1.525 -0.285 (-15.75%)+
Announcement
Release
23 Feb 2026 9:00AM
Price at Release
$1.810
Full Release
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Summary
Adairs Limited reported strong sales growth for the 26 weeks ended 28 December 2025, with total sales of $329.0 million, representing a 5.9% increase. Despite this growth, the gross profit margin declined due to clearance activities. The company declared an interim dividend of 5.5 cents per share and reported a decrease in statutory net profit after tax by 33.8% to $12.8 million. Basic earnings per share similarly declined by 34.5%. The company focused on managing costs and investing in technology upgrades. Brand sales for Adairs and Mocka showed robust growth, with Mocka's sales in Australia increasing by 44.5%.
Key Points
  • Adairs Limited reported total sales of $329.0 million for the 26 weeks ended 28 December 2025, marking a 5.9% increase.
  • Gross profit increased by 3.6% to $153.9 million despite a decline in gross profit margin by 110 basis points due to clearance activities.
  • The company declared an interim fully franked dividend of 5.5 cents per share, totaling $9.8 million.
  • Adairs' underlying EBIT decreased by 9.1% to $30.0 million, with statutory EBIT at $28.1 million.
  • Statutory net profit after tax was $12.8 million, representing a 33.8% decrease.
  • Basic earnings per share were reported at 7.3 cents, a decline of 34.5%.
  • Net debt was reduced by $14.0 million since June 2025, totaling $53.6 million at the end of the period.
  • Adairs brand sales grew by 4.0% to $229.4 million, driven by in-store fixture investments and strategic promotions.
  • Mocka exhibited strong sales growth of 29.8%, particularly in Australia, with an increase in underlying EBIT by 45.5%.
  • The financial report includes notes on cash flow hedges, foreign currency impacts, and a focus on cost management and technology upgrades.
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.