KOGAN.COM LTD

Kogan Group reports gross revenue of over AUD 1 billion for FY26 (+12%) and an adjusted group profit of AUD 41.8 million (+14%) with a margin of 8.2%. Kogan.com was the main driver with 16% revenue growth and a 22% rise in adjusted profit, while Mighty Ape cut revenue by 30% but returned to profitability in the fourth quarter. The company closed the year with AUD 36.4 million in cash and no external liabilities, and reconfirms its target to lift the adjusted margin to around 12% medium term. Despite the positive metrics, the stock slid 14.86%, reflecting investor concerns about the pace of growth, Mighty Ape and the lack of comparable EPS guidance. » Mere på de.investing.com

Kogan reports robust H1 FY26 growth in its core business: gross sales at Kogan.com $501.6m (+21%), revenue $232.4m (+17%) and Australia adjusted EBITDA $27.6m (+18%). Group revenue was $287.6m (+5.5%), while adjusted group EBITDA fell slightly to $24.4m (-3%) due to the targeted turnaround of Mighty Ape, whose revenue dropped 25% to $55.2m. Kogan holds $71.8m cash, generated $45.1m free cash flow, increased the interim dividend by 14.3% to 8.0 cents and continued buybacks. Management is targeting a mid-term adjusted group EBITDA margin of >20%, driven by scaling platform-based sales and product breakeven while optimising Mighty Ape. » Mere på de.investing.com