Shaver Shop Group (SSG) H1 2026 earnings summary

Executive summary

• Sales for H1 FY26 rose 2.2% to $128.6 million, with both in-store and online channels growing and online now 24.6% of total sales.

• Net profit after tax increased 1.5% to $12.2 million, with a record gross profit margin of 46.5%.

• Strong cash position with $25.1 million net cash and no debt at period end.

• Interim dividend maintained at 4.8 cents per share, fully franked.

• Continued focus on exclusive products, private brand (Transform-UTM), and store network optimization.

Financial highlights

• Gross profit increased 4.6% to $59.8 million, with a record gross margin of 46.5%.

• EBIT rose 2.5% to $18.1 million; EBIT margin steady at 14.1%.

• Operating cash flow reached $36.9 million, up $8.9 million year-over-year.

• Basic and diluted EPS at 9.3 cents per share, unchanged from prior year.

• Net cash flow generation for the half was $21.2 million.

Outlook and guidance

• Early H2 FY26 sales up 3.8% year-over-year, with like-for-like sales up 1.9% and online sales up 12.7%.

• Gross profit margins in H2 to date are flat versus prior year, with further margin expansion expected as Transform-UTM grows.

• Continued expansion of Transform-UTM range and launch of a dedicated website planned by end of March.

• Store network to expand to 127 stores by March 2026, with additional refits, relocations, and a new store opening scheduled.