Michael Hill International Ltd. · ASX:MHJ
Michael Hill International — H1 FY2026 Earnings Presentation
14 slides from Michael Hill International's earnings presentation, Feb 27, 2026
Slide 1: FY26H1 Results
FY26H1 RESULTS MICHAEL HILL INTERNATIONAL LIMITED
Slide 2: Disclaimer
DISCLAIMER Certain statements in this report constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the anticipated or planned financial and operational performance of Michael Hill International Limite
Slide 3: CEO and CFO FY26H1 Update
Michael Hill International Limited CEO and CFO FY26H1 Update • FY26H1 Performance Overview • FY26H1 Financial Results • Group Results • Segment Results • Current Trading Update • Investor Day • Appendices
Slide 4: FY26H1 Performance Overview
FY26H1 Performance Overview • Delivering profitable growth with comparable EBIT of $31.0m, up by 28.6%, driven by revenue growth in all markets, with: • Canada achieving record sales and same store sales (SSS) of +6.1%, • Australia growing SSS by +4.8%, and • New Zealand returning to positive territ
Slide 5: FY26H1 Group Results Snapshot
FY26H1 Group FY20H1 Results Snapshot Financial Revenue growth Gross Margin Comparable EBIT growth 3.0% 61.2% 28.6% Same stores sales Broadly flat to PY $31.0m vs $24.1m PY 3.8% vs PY Store Network Inventory reduction Net Cash 285 $11.3m $20.7m -2 in FY26H1 $201.9m v $213.2m PY $30.5m improvement on
Slide 6: FY26H1 Segment Results
FY26H1 Segment Results Australia1 (AUD) Canada (CAD) New Zealand (NZD) FY26H1 FY25H1 Change FY26H1 FY25H1 Change FY26H1 FY25H1 Change Revenue 209m 205m +2.1% 96m 91m +6.2% 62m 61m +2.4% Same Store Sales +4.8% +6.1% +1.8% Gross profit 127m 124m +2.5% 59m 55m +7.5% 36m 36m +1.2% Gross margin 60.7% 60.
Slide 7: Current Trading Update
Current Trading Update • Positive momentum from FY26H1 has continued into FY26H2 • Strong trading performance across Valentine’s Day and Lunar New Year • Total sales for the Group were up 4.5% for the first eight weeks of FY26H2 • For the first eight weeks of FY26H2, Group same store sales were up 6
Slide 8: Investor Day
Investor Day Date: Tuesday 14 April 2026 Location: Global Head Office Address: 34 Southgate Avenue, Cannon Hill, QLD, 4170 Time: 10am to 2pm (Brisbane time) Registration details: Details to come Concept room 8
Slide 9: Q&A
Q&A You are able to listen to Q&A via this platform. If you would like to ask a question, please click on ‘Request to Speak’ button at the top of the broadcast window. If you are in full screen broadcast mode, you will need to minimise to see this button. Click ‘Join Queue’. If prompted, allow acces
Slide 10: Appendices
Appendices 10
Slide 11: Appendix A: Financial Snapshot
Appendix FY20H1 A: Financial FY26H1 Group Results Snapshot FY26H1 FY25H1 Change Revenue $371m $360m +3.0% Same Store Sales $363m $350m +3.8% Gross Profit $227m $221m +2.8% Gross Margin 61.2% 61.3% -10 bps Comparable EBIT $31.0m $24.1m +28.6% Inventory $201.9m $213.2m -$11.3m Net Cash/(Debt) $20.7m (
Slide 12: Appendix B: Bridge from Comparable EBIT to Reported EBIT
Appendix B: Bridge from Comparable EBIT to Reported EBIT Calculated as follows: (AUD million) FY26H1 FY25H1 Comparable EBIT 31.0 24.1 Impact of AASB16 Leases 7.5 6.3 Impact of IFRIC SaaS-related guidance 1.0 -0.1 Litigation judgement - 3.0 Bevilles integration costs - -0.7 Board and CEO transition c
Slide 13: Appendix C: AASB16 Leases & SaaS Impact
Appendix C: AASB16 Leases & SaaS Impact FY26H1 Impact of FY26H1 FY25H1 Change (AUD million) Stat AASB16 & SaaS pre-adjustments pre-adjustments pre-adjustments Revenue 371.0 - 371.0 360.2 +3.0% Cost of sales -143.8 - -143.8 -139.3 +3.2% Gross profit 227.2 - 227.2 220.9 +2.8% Employee benefits expense
Slide 14: Michael Hill International Limited
MICHAEL H INTERNATIONAL LIMITED
Michael Hill International — H1 FY2026 Earnings Presentation on 6ix