Articore posts first-half net profit of $12.7m
Make us a preferred source
Make us a preferred source on Google
The news: Articore Group, the owner and operator of online marketplace Redbubble, has reported a statutory net profit after tax of $12.7 million, recovering from a $1.9 million loss.
The numbers: Articore EBIT increased to $12.1 million, which is the highest in five years and represents a $14.3 million uplift on the first half of FY25.
FY26 EBIT guidance upgrade to between $6 million and $10 million, up from $2 million and $8 million.
The context: The group said its key focuses include "growing revenue through both acquiring new customers and increasing our repeat customer base, further leveraging AI across the Group to unlock operational efficiencies, and advancing the progression of its outsources engineering capability to enhance scalability and performance".
What's ahead: "With growing confidence in the momentum of our turnaround, we have raised FY26 EBIT guidance to $6 [million] to $10 million, alongside underlying cash flow of $8 [million] to $12 million," Articore group CEO and managing director Vivek Kumar.
"We enter the second half focused on disciplined execution and accelerating the improvements already underway to support future growth."
The source: ASX
