Key highlights

  • The Koala Company Ltd (ASX:KOA) shares touched a 52-week high during the 19 October 2026 session and closed at $5.25, up 2.94%.
  • The 26 August 2026 FY26 results announcement reports Revenue of $332.3 million and pro forma EBITDA of $27.9 million.
  • The company ended FY26 debt-free with net cash of $71.2 million and reported ordered revenue growth of 27% in constant currency for eight weeks to 23 August 2026.

The Koala Company Ltd (ASX:KOA) offers mattresses and furniture through its online-led model and operates in Australia, Japan, the United States and, from FY26, the United Kingdom. It listed on the ASX in March 2026. The stock touched a 52-week high during the 19 October 2026 session and closed the day at $5.25, a gain of 2.94%. In an ASX announcement dated 26 August 2026, the company released its full-year results for the year ended 30 June 2026 and a trading update for the start of FY27.

FY26 headline results

Revenue was $332.3 million, up 20.1% on FY25 and up 24.4% in constant currency. Pro forma EBITDA was $27.9 million, up 139.2% and above the $24.8 million forecast in the prospectus dated 13 March 2026. Statutory EBITDA was $22.4 million, compared with $7.4 million, and statutory EBIT was $17.4 million. Statutory NPAT was $24.6 million, compared with a loss of $4.6 million.

Gross Margin rose 2.9 percentage points to 65.3% and contribution margin rose 2.2 percentage points to 26.5%, with contribution margin of $88.0 million. Pro forma adjustments remove Transaction Costs for the March 2026 IPO and a previously attempted IPO in FY25 and include estimated listed-company costs. Cash from operations, net of Lease liabilities, was $28.6 million, and the company held net cash of $71.2 million with no debt.

Performance by market

Australia revenue rose 10.7% to $166.7 million, with gross margin of 61.8% and contribution margin of 29.8%, up 3.0 percentage points. Japan revenue rose 23.5% in local currency to $89.4 million, with gross margin of 68.1% and contribution profit up 38.0%. The United States was the fastest-growing market, with revenue up 67.6% in local currency to $74.9 million, gross margin of 69.8% and Gross Profit up 68.4% to $52.3 million.

The company said it launched new and next-generation products across sitting furniture and sleep during the year and entered the United Kingdom market.

FY27 trading update and priorities

Ordered revenue grew 27% year on year in constant currency, or 20% in reported Australian dollars, in the eight weeks to 23 August 2026. The announcement mentions a global launch of a Pantone collaboration. Its stated priorities are strengthening the core range, expanding the sitting furniture range, entering new markets through a capital-light model and strengthening Brand equity. It estimates the four current markets represent a $52 billion addressable opportunity and says its position provides a pathway to dividends.

Sector backdrop

The S&P/ASX 200 (ASX: XJO) stood at 8,845.70 at 4:25 pm (GMT+11) on 19 October 2026, up 0.44%, or 39.00 points, for the day. On the sector map, Consumer Discretionary fell 0.18% and Consumer Staples rose 0.25%. On the sector map for the session, Energy rose 2.16%, Industrials 0.93%, Financials 0.85%, Utilities 0.38% and Consumer Staples 0.25%, while Information Technology fell 1.35%, A-REIT 0.34%, Consumer Discretionary 0.18%, Telecommunication Services 0.16% and Health Care 0.13%. One further segment, left unlabelled on the map, rose 0.11%.

The Koala results announcement is dated 26 August 2026, almost eight weeks before the 19 October session, and it does not address that day’s trading.

Risks shareholders should weigh

Pro forma EBITDA is a non-IFRS measure that is unaudited and has not been reviewed by the auditor, and the company notes it may not be comparable with other companies’ figures. Statutory NPAT of $24.6 million exceeded statutory EBIT of $17.4 million in the table, so shareholders may wish to read the full accounts for the items between the two.

Revenue is spread across four markets and exposed to currency movements, as the gap between 24.4% constant-currency growth and 20.1% reported growth shows. The company describes a challenging consumer environment in Australia. Product launches, Marketing spend and new-market entry, including the United Kingdom, carry execution risk, and the trading update covers only eight weeks.

What’s next

The company has outlined four FY27 priorities, including expanding its sitting furniture range and entering further markets. It says it holds the flexibility to invest in growth and sees a pathway to dividends, without giving a timetable. Results will be reported on the usual ASX timetable.