Shaver Shop Group (SSG) H1 2026 earnings summary

Executive summary

• Achieved sales of AUD 128.6 million in H1 FY26, up 2.2% year-over-year, with both in-store and online channels growing and a strong omni-channel platform.

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

• Online sales accounted for 24.6% of total sales, up 7.4% year-over-year.

• Maintained leadership in personal care and grooming across Australia and NZ with 126 stores.

• Strategy focused on exclusive brands, private label (Transform-U/Transform-UTM), and store network optimization continues to drive performance.

Financial highlights

• Gross profit increased 4.6% to AUD 59.8 million; gross margin reached a record 46.5%, up 100 bps.

• EBIT increased 2.5% to AUD 18.1 million; EBIT margin flat at 14.1%.

• Operating cash flow was AUD 36.9 million, up from AUD 28.1 million in the prior year.

• Basic and diluted EPS at AUD 0.093 per share, unchanged from prior year.

• Fully franked interim dividend of AUD 0.048 per share declared.

Outlook and guidance

• Early second half FY26 sales up 3.8%, with like-for-like sales up 1.9% through late February.

• Online channel continues to outperform in growth; gross margins remain flat as Transform-U/Transform-UTM cycles its launch period and lower margin categories grow.

• Continued investment in Transform-U/Transform-UTM, including a dedicated website and expanded marketing, expected to drive future sales and margin growth.

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

• No significant events or changes in operations expected post-reporting date.