Articore (ASX:ATG) said it continues to make progress on its turnaround strategy, reporting margin expansion and an improving revenue trajectory in the December 2025 quarter and first half of FY26.
Group marketplace revenue declined 3.2% in Q2 FY26, an improvement from a 6.6% fall in the previous quarter, reflecting stronger paid marketing effectiveness and more disciplined pricing and promotional strategies.
For the first half, MPR was down 4.5% year on year, compared with an 11.5% decline in H1 FY25.
Gross profit rose 6.4% to $66 million in the December 2025 quarter and increased 6% to $107.5 million in H1 FY26, supported by supply chain synergies and new artist account fees, lifting gross margins by 430 basis points in the quarter and 480 basis points over the half.
Gross profit after paid acquisition increased 7.5% in Q2 FY26 and 8.9% in H1 FY26, with GPAPA margins expanding to 26.1% and 27.6%, respectively.
CEO and managing director said the results demonstrated disciplined execution and a structural improvement in operating performance, adding the group was confident it could build on the momentum into 2026.