Key Highlights

  • Total sales reached a record $225.1 million, up 3.0% or $6.5 million on FY25, with online sales up 9.1%.
  • Record Gross Profit Margin of 46.3% was achieved, up 80 basis points, contributing to a record gross profit of $104.2 million.
  • NPAT declined 0.8% to $14.8 million despite EBIT increasing 1.3% to $22.8 million.
  • Operating cash flow rose 38% to $32.4 million, and the company declared a franked final Dividend of 5.5 cents per share, bringing FY26 dividends to 10.3 cents, flat on FY25.

Shaver Shop Group Limited (ASX:SSG), the Australian specialty retailer of personal grooming and beauty products, reported record total sales of $225.1 million for FY26, up $6.5 million or 3.0% on the prior year. In-store sales increased 1.2% or $2.0 million, while online sales rose 9.1% or $4.5 million. Like-for-like sales, including online, increased 0.8%.

The company achieved a record annual gross profit margin of 46.3%, up 80 basis points on FY25, leading to record gross profit of $104.2 million, an increase of 4.7% or $4.7 million. The company's Transform-UTM private Brand continued to perform, generating approximately 8.0% of total sales, up from 3.4% of total sales in FY25.

NPAT Edges Lower Despite EBIT Growth

EBIT increased 1.3% to $22.8 million, up from $22.5 million in FY25. However, NPAT declined 0.8% to $14.8 million from $14.9 million in the prior year. Managing Director and CEO Cameron Fox said the company's strong execution across the year led to record sales and gross profit results and enabled the company to offset some of the macro-economic headwinds experienced in the second half, while maintaining profitability in an environment of ongoing inflationary cost pressures.

Operating cash flow increased 38%, or $8.9 million, to $32.4 million, up from $23.6 million in FY25. The company maintained a sound Balance Sheet with net cash of $4.6 million and no Debt at 30 June 2026, up from $3.9 million a year earlier, alongside undrawn debt facilities of $30 million.

Store Network Expansion and Dividend

Shaver Shop's store network increased to 126 stores at 30 June 2026, with three new locations opened in Bathurst and Eastern Creek Quarter in New South Wales, as well as Albany, New Zealand. The company closed its Northlands, New Zealand store on 30 June 2026 as part of ongoing network optimisation, and in late July 2026 opened a new store in Brighton, Victoria, bringing the total network to 127 locations. The company also undertook three refits and four relocations during FY26 as part of its program to bring stores to current brand standards.

The Board declared a final fully Franked Dividend of 5.5 cents per share, maintaining the same level as the prior year, bringing total FY26 fully franked dividends to 10.3 cents per share, flat on FY25. The final dividend will be paid on 17 September 2026 to shareholders of record on 3 September 2026.

Softer Start to FY27 Trading

The company reported a softer than anticipated start to FY27, with total sales down 3.2% for the period from 1 July 2026 to 22 August 2026 compared with the prior comparative period. Total sales over the first two weeks of FY27 were down 9.5% versus the prior comparative period, which the company said was cycling a +7.5% comparison in FY26. From 15 July to 20 August, the sales decline moderated to down 1.1% versus the prior comparative period.

The company said the softer start was partly attributed to an exceptionally strong end-of-financial-year promotion in June, which likely brought forward some sales from July and led to stock shortages on key lines, along with logistics issues at its largest supplier that impacted stock availability ahead of Father's Day. Gross margins were reported as being up slightly versus the prior comparative period. Mr Fox said the Business remains in a sound position, with a focus on executing strongly over the upcoming promotional periods including Black Friday, Christmas and Boxing Day, which drive the largest portion of annual sales and profits.

Conclusion

Shaver Shop's FY26 results reflect a year of record sales and gross margin performance, underpinned by growth in the Transform-UTM private brand and continued online sales momentum, even as NPAT edged marginally lower against a backdrop of inflationary cost pressures. With trading in the opening weeks of FY27 running behind the prior comparative period, partly attributed to timing effects around June promotions and a supplier logistics issue, the company's near-term performance will likely be shaped by its execution through the key Black Friday, Christmas and Boxing Day trading periods.