KATHMANDU HLDGS LTD

KMD Brands reports group revenue of $505m (+7.3%) and adjusted EBITDA of $11.5m for the first half, but recorded a statutory net loss of $13.1m. The company says it has made progress on its "Next Level" transformation strategy and has exceeded cost‑reduction targets, with expected savings of $27.5m for 2026. To reduce high debt, KMD proposes a fully underwritten equity raising of NZ$65m (rights issue at $0.18 per share) plus refinancing, which would reduce pro forma net debt to $32m and leverage to 1.3x. Management is targeting mid‑term margin improvements and leverage below 0.5x by the end of FY2027. » Más en de.investing.com

KMD Brands reported a 7.3% revenue increase for H1 2026, driven by Kathmandu, Rip Curl and Oboz, while adjusted EBITDA rose to NZD 11.5m (up 195%). Despite revenue growth, the company recorded a statutory net loss after tax of NZD 13.1m and gross margin fell 120 basis points to 56.8%. Management is pursuing the turnaround strategy “Next Level,” cost reductions, product innovation and digital initiatives with the aim of reducing the net leverage ratio to below 0.5x by the end of FY2027. » Más en de.investing.com