Highlights

  • KMD Brands Limited (ASX:KMD) shares closed at AUD 1.650 on 2 November 2026, up 10.37%; this article examines its reporting-period financial performance and operations.
  • FY26 group sales reached NZD 1,053 million, up 6.5% year on year from NZD 989 million.
  • Group Gross Profit was NZD 607.2 million versus NZD 559.3 million in FY25.

KMD Brands Limited (ASX:KMD) operates in Kathmandu, Rip Curl and Oboz sales, profitability and transformation. Shares closed at AUD 1.650 on 2 November 2026, up 10.37% for the session. Its latest FY26 or first-half operating disclosures provide detail on financial performance, Business activities and management priorities across its operations. The figures below distinguish historical results from forward-looking targets and provide context for the company's reported operating measures.

Group sales, gross Margin and underlying EBITDA

KMD Brands Limited (ASX:KMD) reported that fY26 group sales reached NZD 1,053 million, up 6.5% year on year from NZD 989 million. KMD Brands Limited (ASX:KMD) reported that group gross profit was NZD 607.2 million versus NZD 559.3 million in FY25.

KMD Brands Limited (ASX:KMD) reported that gross margin increased to 57.7% from 56.5%. KMD Brands Limited (ASX:KMD) reported that underlying EBITDA totalled NZD 42.0 million, up 138% year on year, with an underlying EBITDA margin of 4.0%. The reported figures describe historical business activity. Any management plan, objective or expectation is an outlook item and is not a reported result for the next financial period.

Performance and priorities across three brands

KMD Brands Limited (ASX:KMD) reported that underlying operating expenses represented 53.7% of sales, down 110 basis points year on year. KMD Brands Limited (ASX:KMD) reported that the group reported cost savings of NZD 27.5 million, exceeding its NZD 25.0 million objective. The comparison and reporting period are material to how the amount is read: an annual metric refers to FY26, whereas figures designated as half-year or quarterly results relate only to that specified interval.

KMD Brands Limited (ASX:KMD) reported that kathmandu, Rip Curl and Oboz each recorded year-on-year sales growth in FY26. KMD Brands Limited (ASX:KMD) reported that kMD said the reported sales increase on a constant currency basis was 1.7%. The reported figures describe historical business activity. Any management plan, objective or expectation is an outlook item and is not a reported result for the next financial period.

Next Level cost and systems program

KMD Brands Limited (ASX:KMD) reported that the group outlined product development and distribution plans across Kathmandu, Rip Curl and Oboz. KMD Brands Limited (ASX:KMD) reported that digital platform and group enterprise-system work formed part of its Next Level program. The comparison and reporting period are material to how the amount is read: an annual metric refers to FY26, whereas figures designated as half-year or quarterly results relate only to that specified interval.

KMD Brands Limited (ASX:KMD) reported that the business cited store network optimisation, Supply chain productivity and inventory efficiency as continuing priorities.

Key Insights

Overall, KMD Brands Limited (ASX:KMD) reported developments in Kathmandu, Rip Curl and Oboz sales, profitability and transformation, alongside the financial and operational figures discussed above. Its results contain separate measures of sales or business activity, profitability and operational progress. The reported closing price on 2 November 2026 provides the dated market context, but the disclosures do not establish that the particular share-price move resulted from any one reported item. Forward targets and management initiatives remain separate from the completed reporting period.