Accent Group Ltd · ASX:AX1
Accent — H1 FY2026 Earnings Presentation
19 slides from Accent's earnings presentation, Feb 25, 2026
Slide 1: Half Year FY2026 Results
Half Year FY2026 Results Half Year ended 28 December 2025
Slide 2: Contents
Contents Operational highlights 3 H1 FY26 sales and profit 4 H1 FY26 summary of financial performance 5 Operational update 6 Dividends and trading update 12 Appendix 14 2 Accent Group H1 FY2026 Results Presentation
Slide 3: Operational highlights
Operational highlights Total Sales (inc. Franchisees) Store Network $865 million1 898 stores across Australia & New Zealand +2.4% on H1 FY25 with 27 new stores opened during H1 FY26 Retail Sales Wholesale Sales Vertical Sales $719 million $91 million $67 million c.8% of total sales with improving +5
Slide 4: H1 FY26 sales and profit
H1 FY26 sales and profit Key Metrics % $’000’s H1 FY261 H1 FY25 Change Total Sales 865,184 844,646 2.4% EBITDA 156,040 158,329 (1.4%) EBIT2 56,500 80,653 (29.9%) EBIT from Continuing Business3 72,706 PBT 40,892 66,579 (38.6%) NPAT 28,087 47,184 (40.5%) Interim Dividend 3.25 cents 5.5 cents 1. Financ
Slide 5: H1 FY26 summary of financial performance
H1 FY26 summary of financial performance Financial Summary— H1 FY26 Vs H1 FY25 Operating Highlights % Pro Forma3 • Total company sales of $810.5 million up 5.7% on Profit & Loss ($000's) H1 FY261 H1 FY25 Change H1 FY26 prior year Sales (ex Franchisees) 810,521 766,960 5.7% 773,726 Sales • LFL retail
Slide 6: Operational update
Operational update hull 8s a mS Accent ‘ ' = Group
Slide 7: Retail Owned Sales & Store Network
Retail Owned Sales & Store Network Retail • Retail sales up +5.2% on H1 FY25. Retail Owned Sales (Millions) • LFL retail sales up +0.9%. • Strong retail performance across TAF, Hoka, Platypus and Nude Lucy. Sales (millions) +5.2% $719.3 $683.5 H1 FY25 H1 FY26 Stores • 27 new stores added to the stor
Slide 8: Vertical Owned Brands & Wholesale Sales
Vertical Owned Brands & Wholesale Sales Vertical Owned Brands Vertical Owned Brands Sales • Sales of $67 million (+1.5% on H1 FY25). (Millions) • Sales above H1 FY25, with a c.200bps improvement in gross margin. Sales (Millions) $66m $67m $61m $54m $30m H1 FY22 H1 FY23 H1 FY24 H1 FY25 H1 FY26 Wholes
Slide 9: Growth plan
Growth plan ➢ The Company successfully opened its first Sports Direct store at Fountain Gate, Victoria, on 15 November 2025, alongside the launch of the Sports Direct online store. ➢ Two further stores are planned to open in H2 FY26, with a third Sports Direct store signed and scheduled for opening
Slide 10: Growth plan continued
Growth plan continued ➢ Continued roll-out of new stores across the brands, with around 40 new stores planned to open in FY26. Stores ➢ In addition to the 16 Glue Store closures, a further 7 stores are forecast for closure in H2. ➢ Growth supported by the forward pipeline of committed wholesale orde
Slide 11: Sports Direct and The Athlete's Foot
Sports Direct and The Athlete’s Foot Fountain Gate Launch •Early performance pleasing, providing confidence in the growth plan. Continued Rollout in FY26 •A further 2 stores are planned for the remainder of FY26 with a third store signed and scheduled for opening in H1 FY27. There are currently acti
Slide 12: Dividends and trading update
Dividends and trading update
Slide 13: Dividends and trading update
Dividends and trading update • Accent Group has announced an interim dividend for H1 FY26 of 3.25 cents per share, fully Dividends franked, payable on 18 March 2026 to shareholders registered on 4 March 2026. The interim dividend represents a c. 70% payout ratio of H1 FY26 Statutory EPS. • Successfu
Slide 14: Appendix
Appendix Accent Group
Slide 15: Store network and distribution agreements
Store network and distribution agreements Store Network 1. Includes websites (31) and franchises (36) 2. Ceasing of Glue operations Distribution Agreements Total Distribution Agreements: 10 15 Accent Group H1 FY2026 Results Presentation
Slide 16: Balance sheet
Balance sheet Balance Sheet 28 Dec 2025 29 Jun 2025 29 Dec 2024 Commentary $000's FY26 FY25 FY25 • Inventory increase from FY25 includes timing of Trade receivables and prepayments 60,743 40,817 54,893 Goods in Transit (+$12.2m), The Athlete’s Foot reacquisition program (+$3.2m), Sports Direct Inven
Slide 17: Gross margin and FX rate
Gross margin and FX rate Statutory Gross Margin (%) and FX Rate Overview 59% 0.80 58% Continuing Business 57% Gross 0.74 Margin 1 0.75 (includes 0.73 estimated 56% FX impact of 80BPS (c.$6.5m) ) Gross Margin % 0.71 55% FX Rate 0.70 54% 58.1% 0.68 54.3% 0.67 0.67 56.7% 56.6% 53% 55.6% 55.2% 0.65 0.65
Slide 18: Frasers Group Strategic Partnership
Frasers Group Strategic Partnership Sports Direct across the Globe Strategic Rationale Wider variety of sports, athleisure and sports 500+ fashion products at affordable prices compared 1. Strategic alliance with 2. Operation of market UK stores to competitors Frasers Group leading global brand Exis
Slide 19: Notice and disclaimer
Notice and disclaimer • This presentation has been prepared by Accent Group Limited ABN 85 108 096 251 (Accent Group or Company) and is general background information in relation to Accent Group and its activities current as at the date of this presentation. It is information given in summary form a