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Adairs Limited (ASX:ADH)

ALERT: Price-sensitive ASX Announcement for ADH
Current share price for ADH : $1.415 -0.075 (-5.03%)+
Announcement
Release
8 Jul 2026 9:05AM
Price at Release
$1.490
Full Release
download
Summary
Adairs Limited provided a trading update for the financial year 2026, indicating expected group sales between $640.0m and $641.5m, showing a 3.7% increase from FY25. The group's underlying EBIT is projected to slightly decrease by 1.3% from FY25, ranging between $53.5m and $55.5m. The Adairs and Mocka units reported positive growth, with Mocka achieving a 28.1% increase in underlying EBIT, whereas the Focus on Furniture unit faced challenges, leading to a non-cash impairment of $62m to $68m. Significant items excluded from earnings include this impairment, AASB 16 Leases impacts, New Zealand market exit costs, and SaaS project expenses. Post these adjustments, a statutory net loss of approximately $43m is anticipated for FY26. The company’s net debt by June 2026 was about $49m, within facility limits, with no covenant issues posed by these financial activities.
Key Points
  • FY26 group sales expected between $640.0m and $641.5m, up 3.7% from FY25
  • FY26 underlying EBIT projected to be $53.5m to $55.5m, down 1.3% from FY25
  • Adairs and Mocka showed positive growth; Mocka's EBIT up 28.1%
  • Focus on Furniture faced declines, triggering a non-cash impairment of $62m to $68m
  • Exclusions from earnings include impairment, AASB 16 impacts, New Zealand market exit costs, and SaaS project costs
  • Statutory net loss after tax expected to be approximately $43m
  • Net debt around $49m at June 2026, within facility limits and raising no covenant concerns
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.