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Articore delivers $10.3M full-year EBIT turnaround
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Articore delivers $10.3M full-year EBIT turnaround

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  • Articore Group recorded an EBIT turnaround of $20.1 million in FY26, bringing full-year EBIT to $10.3 million.
  • Operating EBITDA increased by 76.9% to $16.4 million, driving the total cash balance to $40.5 million.
  • Management projects FY27 operating EBITDA between $17 million and $23 million.

Articore Group (ASX:ATG) reported full-year earnings before interest and taxes of $10.3 million for FY26.

The result marks a $20.1 million recovery from the FY25 loss, returning the group to profitability outside pandemic-impacted periods.

Vivek Kumar, Group CEO and Managing Director of Articore, stated, "EBIT improved by $20.1 million to $10.3 million, delivering the group's first full-year profit since listing, outside of the pandemic-driven spike in FY21."

Operating expenses fell for a third consecutive year to $85 million.

Articore stated that it expects FY27 operating EBITDA between $17 million and $23 million alongside reduced operating expenses.

Following the announcement, the Articore Group share price was up at $0.39.

The group expanded its portfolio by launching storefront platform Dashery in January 2025 and purchasing print-on-demand marketplace Frankly Wearing in May.

Operating cash balance grew to $40.5 million at June 30, while gross profit margin rose 400 basis points to 49.6%.

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