InvestSMART

City Chic Collective Limited (ASX:CCX)

ALERT: Price-sensitive ASX Announcement for CCX
Current share price for CCX : $0.040 -0.003 (-6.98%)+
Release
24 Aug 2026 8:11AM
Price at Release
$0.043
Full Release
download
Summary
City Chic Collective Limited, a global omni-channel retailer specializing in plus-size women's apparel, reported a consolidated loss of $6.6 million after income tax for the financial year ending 28 June 2026. Despite the loss, the company improved its operating cash flow significantly, achieving a net cash inflow of $16.8 million from operating activities. The company's revenue from continuing operations declined slightly by 3.09% to $130.5 million. The Group's gross margin improved to 59.9% due to a favorable product mix and lower promotional intensity. City Chic continued its strategy to enhance product offerings and streamline operations, which helped control inventory levels and reduce costs by $8.0 million. The company enters FY27 with stronger financials and operational discipline, expecting to grow further in its core markets, particularly in ANZ and the USA. No dividends were declared, and the company maintains a $10 million debt facility which remains undrawn. The directors have prepared the financial statements on a going concern basis, confident in the company's ability to meet future obligations.
Key Points
  • City Chic reported a consolidated loss of $6.6 million for FY26.
  • Operating cash inflow improved to $16.8 million.
  • Revenue from continuing operations decreased by 3.09%.
  • Gross margin improved to 59.9%.
  • Cost of doing business decreased by $8.0 million.
  • No dividends were declared for the period.
  • The company retains a $10 million undrawn debt facility.
  • Financial statements are prepared on a going concern basis.
  • Focus remains on product innovation and market growth in ANZ and the USA.
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.