Slide 1: FY26 Results Presentation
GROUP FY26 Results Presentation 24 August 2026
Slide 2: Important notice
Important notice. GROUP This disclaimer applies to this Presentation and the information contained in it (the “Presentation”). By reading this disclaimer you agree to be bound by it. Important notice and disclaimer: This Presentation contains a general summary of the activities of Kogan.com Ltd (the
Slide 3: FY26 Highlights
GROUP FY26 Highlights. Ruslan Kogan Founder, CEO and Executive Director 2
Slide 4: Kogan Group FY26 highlights
Kogan Group FY26 highlights. GROUP Kogan.com delivers strong profitable growth; Mighty Ape’s reset begins to deliver. GROUP GROSS SALES GROUP ADJUSTED EBITDA GROUP CAPITAL POSITION $1,042.3m +12.0% YoY $41.8m +13.8% YoY $36.4m Cash, no external debt Gross Sales exceeding $1 billion. Delivered at 8.2
Slide 5: FY26 Financial Review
GROUP FY26 Financial Review. David Shafer CFO, COO and Executive Director 4
Slide 6: FY26 Kogan Group results
FY26 Kogan Group results. GROUP Strong Kogan.com growth and operating leverage underpinned the Group’s FY26 earnings growth. Revenue ($m) Gross Profit ($m) Adjusted EBITDA ($m) +16% YoY +18% YoY +22% YoY 184.8 425.2 156.0 Kogan.com 366.0 36.9 45.1 FY25 FY25 FY25 FY26 FY26 FY26 (30%) YoY (23%) YoY n/
Slide 7: FY26 Kogan Group Gross Profit by Division
FY26 Kogan Group Gross Profit by Division. GROUP Our capital-light revenue divisions are driving more of our performance. The strength of our earnings Loyalty Subscriptions Advertising & Other Recurring subscription revenue 2.3% Mighty Ape Products Exclusive Brands products 73% 8.2% Kogan.com Produc
Slide 8: Kogan.com
Kogan.com GROUP Revenue growing. Margins expanding. Earnings compounding. REVENUE GROSS PROFIT ADJUSTED EBITDA $425.2m +16.2% YoY $184.8m +18.4% YoY $45.1m +22.4% YoY All divisions contributed. Top-line growth was compounded Driven by top-line growth and by margin expansion. operating leverage. Reve
Slide 9: Mighty Ape
Mighty Ape Mighty Ape is showing encouraging progress following its operational reset. Adj. EBITDA Gross Margin Fixed Costs 4QFY26: positive Adjusted EBITDA 23.4% to 39.0% | +15.6pp $4.9m to $3.4m | -30.8% 39.0% 37.5% $4.9m $5.0m 28.3% $4.0m $3.4m 23.4% $0.4m 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 4Q m
Slide 10: Kogan Group Balance Sheet & Cash Flow
Kogan Group Balance Sheet & Cash Flow. GROUP A strong capital position with consistent returns to Shareholders. FY26 highlights Balance Sheet Cash Flow Inventory increased by $5.7 million YoY. $m 30 June 2025 30 June 2026 $m FY25 FY26 Supporting Kogan.com Products growth, partially Current Assets 12
Slide 11: Dividend
Dividend. GROUP Final dividend of 8.0cps, fully franked. Consistent dividends over the past 3 years FY26 Final dividend details 8.0 Cents per Share 8.0 8.0 Franking: 100% 7.5 7.5 7.0 7.0 Record date: Friday, 11 September 2026 Cents per Share DRP Election date: Monday, 14 September 2026 Payment date:
Slide 12: Business Update
GROUP Business Update. Ruslan Kogan Founder, CEO and Executive Director
Slide 13: Kogan.com delivering growing profitability
Kogan.com delivering growing profitability. GROUP The operating leverage is visible in the growth cascade. Revenue growth, expanding margins and disciplined cost management are driving increasing operating leverage and faster earnings growth. The growth cascade FY25 Revenue +16.2% FY26 Gross Profit
Slide 14: Mighty Ape recovery
Mighty Ape recovery. GROUP Significant changes made to improve Mighty Ape’s operating performance. August 2023 October 2024 January 2026 May 2026 4QFY26 Mighty Mobile Platform Marketplace One Global Team & Strategy; Warehouse Positive Adjusted launch migration launch inventory cleanse rationalisatio
Slide 15: AI embedded across our operating model
AI embedded across our operating model. GROUP Driving efficiency, improving decisions and enhancing customer value. Customer Care Logistics Purchasing Automated handling of routine Inventory forecasting & stock Purchasing, pricing & market customer enquiries optimisation intelligence Automated triag
Slide 16: Trading Update & Outlook
GROUP Trading Update & Outlook.
Slide 17: FY27 Kogan Group trading update and outlook
FY27 Kogan Group trading update and outlook. GROUP Kogan.com starts FY27 strongly, while Mighty Ape turnaround remains a focus. July 2026 unaudited Gross Sales and Revenue FY27 priorities Group Gross Sales of $88.1 million, up 9.0% YoY The Company is pleased to confirm that all FY26 priorities* were
Slide 18: Kogan Group aspirations
Kogan Group aspirations. GROUP Our roadmap for the years ahead. Kogan’s strategy is to deliver compelling value, driving customer growth and leveraging Platform-based Sales to maximise overall profitability. Adjusted EBITDA Adjusted EBITDA Medium-term Adjusted Long-term Adjusted Margins in FY25 Marg
Slide 19: Annexure 1: FY26 Revenue by Business Division
Annexure 1. G R O U P FY26 Revenue by Business Division FY25 FY26 YoY $m Revenue Revenue Variance (%) Kogan Products 258.1 304.6 18.0% Marketplaces 30.8 38.7 25.9% Mighty Ape Products 118.0 76.9 (34.9%) Verticals 23.2 24.2 4.3% Loyalty Subscriptions 53.7 61.4 14.3% Advertising & Other 4.2 4.9 14.6%
Slide 20: Annexure 2: Reconciliation to Adjusted EBITDA and NPAT
Annexure 2. Reconciliation to Kogan Group Adjusted EBITDA and Adjusted NPAT GROUP Equity-based Marketing Non-cash Adjusted EBITDA and Adjusted NPAT are measures of the underlying $m Unrealised compensation & compliance depreciation & performance of the Business and they remove Equity-based compensat
Slide 21: Annexure 3: Kogan Group FY26 P&L
Annexure Kogan Group FY26 P&L 3. GROUP $m FY25 FY26 YoY Mvmt (%) Gross Sales 930.9 1,042.3 12.0% Revenue 488.1 510.7 4.6% Cost of Sales (298.2) (299.8) 0.5% Gross Profit 189.9 210.9 11.1% Gross Margin 38.9% 41.3% 2.4pp Variable Costs (21.4) (21.8) 2.0% Marketing Costs (66.9) (80.0) 19.6% Contributio
Slide 22: Annexure 4: Kogan Group P&L by entity
Annexure 4. Kogan Group P&L by entity GROUP $m Kogan.com YoY (%) Mighty Ape YoY (%) o Gr up YoY (%) Gross Sales 924.2 16.4% 118.1 (13.8%) 1,042.3 12.0% Revenue 425.2 16.2% 85.6 (29.9%) 510.7 4.6% Gross Profit 184.8 18.4% 26.1 (22.9%) 210.9 11.1% Gross Margin 43.5% 0.8pp 30.5% 2.8pp 41.3% 2.4pp Varia
Slide 23: Annexure 5: Kogan Group Balance Sheet
Annexure 5. Kogan Group Balance Sheet GROUP $m 30 June 2025 30 June 2026 CURRENT ASSETS Cash 42.1 36.4 Trade & Other Receivables 12.7 12.3 Inventories 72.2 77.9 Other financial assets 0.1 0.4 Current tax asset 0.7 - Total current assets 127.8 126.9 NON-CURRENT ASSETS Property, plant & equipment 17.8
Slide 24: Annexure 6: Kogan Group Cash Flow Statement
Annexure 6. Kogan Group Cash Flow Statement GROUP $m FY25 FY26 Cash flows from Operating Activities Receipts from customers 543.6 578.5 Payments to suppliers and employees (501.5) (531.8) Interest received 1.1 0.8 Finance costs paid (1.3) (1.6) Income tax paid (4.6) (4.0) Net cash provided by Operat
Slide 25: Glossary
Glossary. GROUP FY2x: the 12 months ended 30 June 20xx. Adjusted EBITDA: earnings before interest, tax, depreciation, amortisation, equity-based compensation & associated expenses, non-recurring items and non-cash items. Refer to Annexure 2 of this Presentation for a detailed reconciliation of adjus
Slide 26: Glossary
Glossary. GROUP Kogan Internet: Vertical launched in 4QFY18 offering NBN plans via TPG/Vodafone’s fixed-line NBN network. Kogan Marketplace: a platform launched in 3QFY19 for sellers and buyers to complete transactions on Kogan.com, with commission-based Revenue being earned by Kogan.com. Kogan Mobi
Slide 27: Glossary
Glossary. GROUP Products Division: means Exclusive Brands and Third-Party Brands. The Business/Company: refers to Kogan.com Ltd. The Group: refers to Kogan.com Ltd and its subsidiaries, including Mighty Ape Ltd. The Presentation: refers to this document, titled ‘FY26 Results Presentation’. Third-Par