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Myer Holdings Limited (ASX:MYR)

ALERT: Price-sensitive ASX Announcement for MYR
Current share price for MYR : $0.265 -0.025 (-8.62%)+
Announcement
Release
24 Mar 2026 8:21AM
Price at Release
$0.290
Full Release
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Summary
Myer Holdings Limited reported its half-year financial results for the period ending 24 January 2026, showing a net profit after tax of $40.3 million and total sales of $2,279.5 million. Key financial metrics improved compared to the previous period, with revenue from customer contracts rising to $1,882.1 million and operating gross profit increasing to $886.0 million. The company faced restructuring and redundancy costs of $6.4 million and declared an interim dividend of 1.5 cents per share. The financial report, compliant with the Corporations Act, also showed increased net assets of $927.7 million. The review by auditors confirmed the report's adherence to required standards.
Key Points
  • Myer Holdings Limited reported a total sales of $2,279.5 million for the half-year ending 24 January 2026.
  • The company achieved a net profit after tax (NPAT) of $40.3 million.
  • Myer experienced significant costs related to restructuring and redundancies, totaling $6.4 million.
  • An interim dividend of 1.5 cents per share was declared for the period.
  • The financial report complies with the Corporations Act 2001 and gives a true and fair view of the financial position.
  • Revenue from contracts with customers increased to $1,882.1 million from $1,468.3 million in the previous period.
  • Operating gross profit increased to $886.0 million from $656.0 million compared to the previous period.
  • The auditor’s review concluded that the financial report is in compliance with required standards.
  • The company's net assets increased to $927.7 million from $897.5 million.
  • Significant items after tax amounted to $11.4 million.
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.