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KMD Brands Limited (ASX:KMD)

ALERT: Price-sensitive ASX Announcement for KMD
Current share price for KMD : $1.430 1.22 (580.95%)+
Announcement
Release
24 Sep 2025 7:52AM
Price at Release
$0.210
Full Release
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Summary
KMD Brands Limited reported a 2.1% year-over-year increase in total sales for FY25, with online sales growing by 10.2% and comprising 12.5% of direct-to-consumer sales. Direct-to-consumer sales overall rose by 4.6%, driven by strong performance in key regions like Australia and Hawaii. Wholesale sales experienced a slight decline but improved in the latter half of the year. The gross margin decreased slightly, although the direct-to-consumer channel helped offset market pressures. Operating expenses remained a key focus amid global cost challenges, while Rip Curl and Oboz brands showed mixed performance across different channels. The company's inventory levels were reduced for the third consecutive year, contributing to a healthier balance sheet.
Key Points
  • Total sales increased by 2.1% year-over-year.
  • Online sales grew by 10.2% to $41.7m, making up 12.5% of direct-to-consumer sales.
  • Direct-to-consumer sales, including online, increased by 4.6%, supported by strong store sales growth in regions like Australia and Hawaii.
  • Wholesale sales saw a decline of 2.9% year-over-year but improved in the second half of FY25.
  • The gross margin decreased by 0.9%, offset by the direct-to-consumer channel mix.
  • Operating expenses were focused on due to global cost pressures.
  • Rip Curl's direct-to-consumer sales surpassed wholesale, with strong growth in flagship retail stores.
  • Oboz's wholesale sales trend improved in the second half of FY25.
  • Group gross margin reduced by 1.9% due to a promotional market environment.
  • Inventory balance reduced for the third consecutive year.
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.