Globe International (GLB) H2 2026 earnings summary

Executive summary

• Achieved revenue of $206.4m in FY26, with EBIT of $16.6m (+13.4%) and NPAT of $11.0m (+12.3%).

• Core brands (FXD, Salty Crew, Globe) now generate ~90% of group revenue, delivering $183.1m in revenue and $28.6m in branded EBIT.

• Strong cash position of $26.7m, up 34% year-over-year.

• Fully franked dividend of 23 cents per share, up 15% from FY25.

• Continued focus on brand consolidation, margin improvement, and direct-to-consumer channels.

Financial highlights

• Revenue: $206.4m (+$0.1m vs FY25); EBIT: $16.6m (+$2.0m vs FY25); EBIT margin: 8.0% (+90bps).

• NPAT: $11.0m (+$1.2m vs FY25); cash position: $26.7m (+$6.8m vs FY25).

• Dividend per share increased to 23 cents, fully franked, up 15% from FY25.

• Net debt reduced to $6.5m from $7.6m, a 14.5% decrease.

• Operating cash flow increased to $21.0m from $11.0m in FY25.

Outlook and guidance

• Positive FY27 outlook with focus on core brands, margin maintenance, and optimized inventory.

• Anticipates further growth in core and emerging brands, with continued revenue and EBIT improvement in FY27.

• Healthy inventory levels weighted towards core brands.

• All regional markets (Australia, North America, Europe) expected to improve performance.