InvestSMART

Hancock & Gore Ltd (ASX:HNG)

ALERT: Price-sensitive ASX Announcement for HNG
Current share price for HNG : $0.210 0.025 (13.51%)+
Announcement
Release
12 Feb 2026 1:49PM
Price at Release
$0.185
Full Release
download
Summary
Hancock & Gore Ltd is undergoing a strategic repositioning, focusing on its global schoolwear operations through the Schoolblazer Group. The company is seeking to change its name to Schoolblazer Limited at the FY25 AGM, reflecting this strategic focus. Tim James has been appointed Executive Chairman of the group, which consists of Schoolblazer UK, Mountcastle, and Trutex, targeting over $200 million in revenue by FY27. Financial consolidation into H&G's accounts will begin on 1 October 2025. FY25 marked the last year using investment accounting, with losses due to accelerated investment portfolio realizations. The company aims to integrate and optimize its recently combined businesses while expanding contract and online sales growth, expecting significant revenue in FY26. Efforts to realize the investment portfolio will continue to repay debt and maintain dividend levels.
Key Points
  • Hancock & Gore Ltd is seeking shareholder approval to change its name to Schoolblazer Limited.
  • Schoolblazer Group focuses on global schoolwear operations.
  • Tim James, co-founder of Schoolblazer UK, has expanded his role to Executive Chairman of Schoolblazer Group.
  • Financial consolidation of Schoolblazer Group into H&G's accounts from 1 October 2025.
  • FY25 was the last year reported on an investment accounting basis with losses due to accelerated investment portfolio realisations.
  • Schoolblazer Group includes Schoolblazer UK, Mountcastle, and Trutex with FY27 revenue target of over $200 million.
  • FY26 focus is on integration, optimization of recently combined businesses, and continued contract and online growth.
  • Expected revenue of $190-200 million in FY26 from contracted school growth.
  • Continued realization of H&G investment portfolio to repay debt and return to consistent dividend levels.
  • Schoolblazer Group's pro-forma FY25 revenue is around $180 million with an EBITDA of approximately 11%.
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.