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Michael Hill International Limited (ASX:MHJ)

ALERT: Price-sensitive ASX Announcement for MHJ
Current share price for MHJ : $0.340 -0.1 (-22.73%)+
Announcement
Release
27 Feb 2026 6:06PM
Price at Release
$0.440
Full Release
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Summary
Michael Hill International Limited, in its FY26H1 results presentation, reported a 28.6% increase in comparable EBIT to $31.0 million, driven by revenue growth across all markets including record sales in Canada. Same store sales grew by 6.1% in Canada, 4.8% in Australia, and 1.8% in New Zealand. Despite higher input costs, the gross margin was stable at 61.2%. The company's net cash improved significantly by $30.5 million to $20.7 million, alongside a $11.3 million reduction in inventory. The store network was reduced by nine stores, and no interim dividend was declared with expectations to resume dividends at the full year results.
Key Points
  • Michael Hill International Limited reported a 28.6% increase in comparable EBIT to $31.0 million for FY26H1.
  • Revenue growth was recorded across all markets with Canada achieving record sales.
  • Same store sales increased by 6.1% in Canada, 4.8% in Australia, and 1.8% in New Zealand.
  • The gross margin remained broadly flat at 61.2% despite higher input costs, particularly for gold and silver.
  • Inventory levels were reduced by $11.3 million.
  • Net cash position improved by $30.5 million, leading to a net cash of $20.7 million.
  • The store network was reduced by a net total of nine stores during calendar year 2025.
  • No interim dividend was declared, with dividends expected to resume at the full year results.
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.