Kogan.com Ltd (KGN) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Kogan.com's FY26 full year results presentation. As people are coming in, we will start the video very shortly. My name for you, for those who don't know me, my name is Ron Bettschler. I'm the non-exec director on the Kogan.com Ltd board. Today with us are Ruslan Kogan, founder, CEO and exec director and David Shafer, CFO, COO and exec director. We will commence today with a short presentation followed by Q&A. If you have any questions, please put them in the Q&A box and I will moderate the Q&A with Ruslan and David after the presentation. We'll throw to the presentation now and we'll do the Q&A straight after. Thank you. Good morning everyone and thank you for joining us for the Kogan Group's FY26 results presentation. It's a pleasure to be here with David Shafer, our CFO, COO and Executive Director. FY26 was a strong year for the Kogan Group. Kogan.com continued to perform well while we made significant progress through the operating reset at Mighty Ape. We also continue to invest in the capabilities and operating model that we believe will support the group's growth over the years ahead. David and I will take you through the financial results, the key developments across the business and our priorities for FY27. Let's start with the highlights. The group exceeded $1 billion in gross sales, representing an increase of 12%. Group adjusted earnings increased 14% to $41.8 million, at an 8.2% margin. The key driver was Kogan.com, where revenue increased 16%, gross profit increased 18%, and adjusted earnings increased 22%. At MightyApe, the operating reset started to show encouraging results. Platform-based sales more than doubled, fixed costs reduced 13%, and the business returned to positive adjusted earnings in the fourth quarter....