City Chic Collective Limited (ASX:CCX)

ALERT: Price-sensitive ASX Announcement for CCX

Current share price for CCX : $0.042 -0.001 (-2.33%)⁺

Announcement

FY26 Results Announcement

Release

24 Aug 2026 8:14AM

Price at Release

$0.043

Full Release

Summary

In FY26, City Chic Collective Limited achieved a 92% increase in Underlying EBITDA, reaching $12.3 million, driven by strategic actions including margin expansion and cost reduction. The ANZ market saw a 7.6% revenue increase, whereas the USA market faced a revenue decline due to cautious purchasing amid tariff uncertainties. Inventory management and a shift to a marketplace model on Amazon in the USA helped optimize the business structure. The group's trading margin rose to 60.6%, and overall costs were significantly reduced by $7.1 million. Heading into FY27, City Chic maintained strong cash reserves and continued to see positive sales momentum in ANZ with planned strategic growth initiatives in the USA.

Key Points

FY26 Underlying EBITDA increased by 92% to $12.3 million.
ANZ revenue grew by 7.6%, with a total of $113.8 million.
USA revenue declined to $16.7 million due to reduced purchasing activity amidst tariff uncertainties.
City Chic transitioned its Amazon business in the USA to a marketplace model.
Trading Margin increased to 60.6%.
The cost of doing business was reduced by $7.1 million, despite inflationary pressures.
Inventory was reduced by 11% to $24.1 million.
City Chic ended FY26 with a net cash position of $5.2 million and a $10 million debt facility undrawn.
The first 7 weeks of FY27 show continued momentum with ANZ store sales growing by 11.4%.
City Chic plans to focus on product assortment evolution and community engagement in the USA for future growth.

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.