A$0.66 ($0.46)

-0.01 (-0.76%)

Weekly Expected Move ±3.4%

A$1 A$1 A$1 A$1 A$1

ASX · Consumer Cyclical · Apparel - Retail · Tech Score Sell · Power 33 · A$396.8M mcap · 378M float · 0.476% daily turnover

Revenue

$1.5B +4.0% ▲

5Y CAGR: +9.4%

Gross Profit

$293M -64.2% ▼

5Y CAGR: +4.9%

Operating Income

$84M -18.9% ▼

5Y CAGR: -2.2%

Net Income

-$14M -123.9% ▼

EPS (Diluted)

$-0.02 -122.9% ▼

EBITDA

$279M -0.0% ▼

5Y CAGR: +3.0%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$1.1B	$1.4B	$1.5B	$1.5B	$1.5B
YoY Growth	+13.9%	+26.1%	+3.2%	+1.5%	+4.0%
Cost of Revenue	$884M	$1.1B	$635M	$658M	$1.2B
Gross Profit	$233M	$330M	$819M	$819M	$293M
Gross Margin	20.9%	23.5%	56.3%	55.5%	19.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$355M	$431M	$452M	$456M	$213M
Operating Expenses	$170M	$196M	$695M	$715M	$209M
Operating Income	$64M	$135M	$125M	$104M	$84M
Operating Margin	5.7%	9.6%	8.6%	7.0%	5.5%
Interest Expense	$16M	$21M	$28M	$30M	$34M
Income Before Tax	$47M	$120M	$84M	$82M	$2M
Tax Expense	$15M	$31M	$25M	$24M	$16M
Net Income	$31M	$89M	$60M	$58M	-$14M
Net Margin	2.8%	6.3%	4.1%	3.9%	-0.9%
EPS (Diluted)	$0.06	$0.16	$0.11	$0.10	$-0.02
EBITDA	$207M	$286M	$265M	$279M	$279M
Shares Outstanding	563M	568M	564M	570M	601M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$754M	$655M	$739M	$712M	$776M	$698M	$815M	$720M
Cost of Revenue	$560M	$518M	$561M	$317M	$340M	$574M	$649M	$595M
Gross Profit	$193M	$137M	$178M	$395M	$435M	$123M	$166M	$126M
Gross Margin	25.6%	21.0%	24.1%	55.5%	56.1%	17.7%	20.4%	17.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$109M	$99M	$108M	$221M	$241M	$215M	$111M	$102M
Operating Expenses	$104M	$92M	$105M	$221M	$241M	$94M	$109M	$100M
Operating Income	$89M	$46M	$72M	$174M	$195M	$30M	$56M	$26M
Operating Margin	11.8%	7.0%	9.8%	24.5%	25.1%	4.2%	6.9%	3.6%
Interest Expense	$10M	$11M	$13M	$14M	$15M	$15M	$16M	$17M
Income Before Tax	$82M	$38M	$60M	$25M	$67M	$15M	$41M	-$39M
Tax Expense	$23M	$7M	$18M	$7M	$19M	$5M	$13M	$3M
Net Income	$58M	$30M	$42M	$17M	$47M	$10M	$28M	-$42M
Net Margin	7.7%	4.6%	5.7%	2.4%	6.1%	1.5%	3.4%	-5.8%
EPS (Diluted)	$0.11	$0.05	$0.08	$0.03	$0.08	$0.02	$0.05	$-0.07
EBITDA	$171M	$129M	$157M	$15M	$158M	$132M	$156M	$123M
Shares Outstanding	555M	592M	562M	566M	565M	594M	601M	601M

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