)
Adairs (ADH) investor relations material
Adairs H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Group sales reached AUD 329 million (or $329.0 million), up 5.9% year-over-year, with all brands contributing to growth and Mocka leading at 29.8%.
Underlying EBIT declined 9.1% to AUD 13 million (or $30.0 million), with Adairs and Focus on Furniture down, but Mocka up 45.5%.
Net debt reduced by AUD 14.0 million to AUD 53.6 million, with gearing at 0.8x net debt/EBITDA.
Interim fully franked dividend of 5.5 cents per share declared, totaling AUD 9.8 million and representing 76% of statutory NPAT.
Key executive changes include new Group CFO and new CEO for Focus on Furniture.
Financial highlights
Group sales: AUD 329 million (+5.9% YoY); Adairs AUD 229.4 million (+4.0%), Focus AUD 63.1 million (+1.9%), Mocka AUD 36.5 million (+29.8%).
Underlying EBIT: AUD 13 million (or $30.0 million, -9.1% YoY); Adairs AUD 18.6 million (-10.0%), Focus AUD 5.8 million (-31.7%), Mocka AUD 5.6 million (+45.5%).
Group gross margin: 58.7% (-120bps YoY); EBIT margin: 9.1% (-150bps YoY); Adairs gross margin down 170bps.
Net debt: AUD 53.6 million (down from AUD 57.8 million YoY); inventories: AUD 93.3 million (down from AUD 97.6 million YoY).
Net cash flows from operating activities were AUD 50.9 million, up from AUD 49.0 million.
Outlook and guidance
Group expects sales, margin, and underlying EBIT growth in H2 FY2026 versus prior year.
For first 7 weeks of H2, group sales up 6.4%; Adairs up 4.8%, Focus up 0.8%, Mocka up 31.3%.
3-5 new Adairs stores, 1 new Focus store, and first Mocka standalone store to open in H2; 6-7 Adairs stores to close.
Adairs gross margin expected to recover to 62%+ in H2, with further improvement in FY2027 aided by FX tailwinds.
Capex guidance unchanged: AUD 25–30 million for FY26, with AUD 12–15 million in capital expenditure and AUD 13–15 million in project expenditure for Adairs data and technology upgrade.
Next Adairs earnings date
Next Adairs earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)