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Accent Group Limited (ASX:AX1)

ALERT: Price-sensitive ASX Announcement for AX1
Current share price for AX1 : $0.680 -0.11 (-13.92%)+
Announcement
Release
21 Aug 2026 8:41AM
Price at Release
$0.790
Full Release
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Summary
Accent Group Limited's Preliminary Final Report for the financial year ended 28 June 2026 provides a comprehensive overview of the company's financial performance and position. The report indicates a loss after tax of $13.77 million, compared to a profit of $57.66 million in the previous year. The total sales revenue was $1.527 billion, with retail and wholesale segments contributing significantly. The group's total assets were $1.289 billion, with liabilities of $850.23 million, resulting in net assets of $439.14 million. Notable challenges included significant impairments and losses from closed businesses. The company also managed to comply with all financial covenants, and despite challenges, has robust financing arrangements, with unused borrowing facilities totaling $125.54 million. The report highlights efforts to manage operational costs and investments in intangibles and property, plant, and equipment.
Key Points
  • Loss after tax of $13.77 million for the year ended 28 June 2026.
  • Total sales revenue amounted to $1.527 billion.
  • Net assets stood at $439.14 million as of 28 June 2026.
  • Significant impairments and losses from closed businesses impacted financial results.
  • Continued compliance with financial covenants reported.
  • Unused borrowing facilities of $125.54 million available.
  • Revenue contributions from retail and wholesale segments.
  • Investments in intangibles and property, plant, and equipment continued.
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.