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Hancock & Gore Ltd (ASX:HNG)

ALERT: Price-sensitive ASX Announcement for HNG
Current share price for HNG : $0.210 -0.04 (-16%)+
Announcement
Release
22 Oct 2025 9:35AM
Price at Release
$0.250
Full Release
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Summary
Hancock & Gore Limited has provided an update on the integration and strategy of the Schoolblazer Group following the acquisition of Trutex UK. For FY27, the Schoolblazer Group is on track to achieve its pro-forma target of over $200 million in revenue and $25 million in EBITDA. FY25 marked a pivotal year for the group with the acquisition of Trutex UK, which expanded its scale and strategic platform to support long-term growth. Despite slightly weaker FY25 sales due to the transition, the company is confident in future organic growth. The company is rolling out Schoolblazer's e-commerce and sportswear brands in Australia and New Zealand and implementing a global sourcing program to improve margins. The integration of international teams and a new e-commerce model for public schools are also underway. Hancock & Gore is focused on funding the acquisitions through investment portfolio realisations and is expected to report a statutory loss for FY25.
Key Points
  • Schoolblazer Group aims for $200m+ Revenue and $25m EBITDA by FY27, on track to achieve this.
  • Schoolblazer Group achieved $181m revenue for the year ending September 2025, with schoolwear sales up 4% from FY24.
  • Hancock & Gore's acquisition of Trutex UK provides scale and completes the strategic platform for growth.
  • Schoolblazer Group is rolling out e-commerce and sportswear brands in Australia and New Zealand.
  • Hancock & Gore is leveraging Trutex’s international team for margin improvements and cost savings.
  • Integration of global teams with common IT and upgraded ERP systems underway.
  • Development of a new e-commerce model for public schools is in progress.
  • Hancock & Gore is funding acquisitions through investment portfolio realisations.
  • H&G will report its full year results on 26th November 2025, detailing Schoolblazer Group’s strategy.
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.