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McPherson's Limited (ASX:MCP)

ALERT: Price-sensitive ASX Announcement for MCP
Current share price for MCP : $0.145 -0.015 (-9.38%)+
Announcement
Release
14 Jul 2026 8:28AM
Price at Release
$0.160
Full Release
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Summary
McPherson's Limited announced a trading update and anticipated financial results for FY26, highlighting expected revenue between $115.0m and $120.0m, a decline from the previous year. Underlying EBITDA is projected to be between $4.0m and $4.5m, reflecting operational challenges from a transition to a new model and inventory management issues. The company anticipates non-cash impairments of $15.0m to $20.0m. Despite these challenges, the company maintained a net cash position and engaged in a share buy-back. Audited results are expected to be released on 27 August 2026.
Key Points
  • FY26 revenue expected to be between $115.0m and $120.0m, down from $139.0m in FY25.
  • Underlying EBITDA for FY26 anticipated to range from $4.0m to $4.5m, compared to $7.3m in FY25.
  • Management estimates non-cash impairments of intangible assets between $15.0m and $20.0m.
  • Net cash as of 30 June 2026 was $4.5m, down from $8.8m at the same date in 2025.
  • Challenges in sales performance attributed to transition to a new operating model and changes in customer inventory patterns.
  • Decision to increase inventory levels affected closing cash balances.
  • The company executed a share buy-back acquiring 4,995,130 shares for $0.8m.
  • Debt facilities were undrawn as of 30 June 2026.
  • Plan to release audited FY26 results on 27 August 2026.
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.