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Accent Group Limited (ASX:AX1)

ALERT: Price-sensitive ASX Announcement for AX1
Current share price for AX1 : $0.730 -0.06 (-7.59%)+
Announcement
Release
21 Aug 2026 8:48AM
Price at Release
$0.790
Full Release
download
Summary
Accent Group Limited announced its FY26 full year results, reporting total sales of $1.64 billion and an underlying EBIT of $105.3 million. The company faced a challenging macroeconomic environment which led to a reported EBIT of $34.0 million and a statutory NPAT loss of $13.8 million after accounting for a non-cash goodwill impairment charge of $48.6 million. Despite a decline in like-for-like sales, the company successfully implemented strategic initiatives such as closing loss-making businesses, expanding the Sports Direct brand, and progressing with The Athlete's Foot franchise reacquisition program. The company also outlined its 2030 Strategic Growth Plan targeting $1.9 billion in sales and a 9% EBIT margin by 2030. Dividend payments were reduced to 4.5 cents per share for FY26, reflecting a focus on maintaining financial flexibility to support the strategic plan.
Key Points
  • Total sales of $1.64 billion and underlying EBIT of $105.3 million.
  • Reported EBIT of $34.0 million and statutory NPAT loss of $13.8 million.
  • Non-cash goodwill impairment charge of $48.6 million.
  • Completion of closure of loss-making businesses.
  • Launch and expansion of Sports Direct and TAF franchise reacquisition program.
  • 2030 Strategic Growth Plan targets $1.9 billion sales and 9% EBIT margin.
  • FY26 dividends reduced to 4.5 cents per share.
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.