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Hancock & Gore Ltd (ASX:HNG)

ALERT: Price-sensitive ASX Announcement for HNG
Current share price for HNG : $0.210 -0.03 (-12.50%)+
Announcement
Release
26 Nov 2025 10:04AM
Price at Release
$0.240
Full Release
download
Summary
The 2025 Annual Report and Appendix 4E for Hancock & Gore Limited (HNG) outlines significant financial changes and strategic movements for the company. For the year ending 30 September 2025, HNG reported revenues from ordinary activities of $10.3 million, an increase of 41.6% from the previous year. However, they also reported a net loss of $4.9 million, a significant downturn from the previous year's profit of $4.9 million. The report highlights the acquisition of Schoolblazer Limited and Trutex Investments Ltd, both now held as investments at fair value. The directors' report and financial statements, audited by UHY Haines Norton, present no disputes. The company's strategy is focused on its school uniform business, Schoolblazer Group, which has targeted substantial revenue growth and efficiency gains. HNG has realized $32 million in investment assets to fund acquisitions and expects the Schoolblazer Group to reach $200 million in revenue by FY27. Despite no final dividend being declared, HNG's net assets increased to $142 million.
Key Points
  • Revenue from ordinary activities increased by 41.6% to $10.3 million.
  • Net loss of $4.9 million compared to a $4.9 million profit last year.
  • Acquisition of Schoolblazer Limited and Trutex Investments Ltd.
  • Focus on the Schoolblazer Group for strategic growth.
  • No final dividend declared for the financial year.
  • Investments realized worth $32 million to fund acquisitions.
  • Audited financial statements with no disputes from UHY Haines Norton.
  • Schoolblazer Group expected to achieve $200 million in revenue by FY27.
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.