Highlights

  • SK1 (ASX:SK1): FY26 Revenue totalled AUD 90.2 million. On 29 October 2026, SK1 shares were priced at A$2.69, and fell 0.37%.
  • Like-for-like sales growth reached 9.6% and the store network totalled 109.
  • FY26 net profit after tax reached AUD 9.0 million.

SkinKandy operates specialist piercing studios and sells body jewellery across Australia and New Zealand. Its operating model combines in-store piercing services, jewellery purchases and ongoing customer engagement across a growing store network. For its share-market quotation, SkinKandy Ltd traded at AUD 2.69 per share and fell 0.37% in the quoted market trading figures. This market movement is presented separately from the company’s operating and financial results. The following company profile examines the reported financial period, the operating context and the details of its Business structure without treating prior-period developments as breaking news. On 29 October 2026, SK1 (ASX:SK1) was quoted at AUD 2.69, fell 0.37% for the day. The following sections cover FY26 sales, studio expansion, comparable-store growth, margins and profit.

How Do Comparable Sales and Studio Numbers Compare?

SkinKandy operates specialist piercing studios and sells body jewellery across Australia and New Zealand. Its operating model combines in-store piercing services, jewellery purchases and ongoing customer engagement across a growing store network. These figures relate to the stated reporting period; where the company presents adjusted or underlying measures, they are distinct from statutory results. The distinction is relevant when comparing performance between financial periods.

The FY26 results recorded 109 stores at the period end. The network included new openings, giving the business a larger physical footprint from which to serve existing and new customers. These figures relate to the stated reporting period; where the company presents adjusted or underlying measures, they are distinct from statutory results. The distinction is relevant when comparing performance between financial periods.

Operating Network and Business Mix

FY26 revenue reached AUD 90.2 million, with like-for-like sales growth of 9.6%. The comparable sales measure separates trading at existing stores from the contribution of the changing footprint. The business combines financial performance with operating activity, and the two measures describe different aspects of its trading operations. Reported changes can also reflect the period over which activity was recognised.

The presentation reported gross Margin of 89.2% and EBITDA margin of 15.3%. Those measures describe distinct parts of the income statement and should not be treated as interchangeable with statutory net profit. The business combines financial performance with operating activity, and the two measures describe different aspects of its trading operations. Reported changes can also reflect the period over which activity was recognised.

Margin, Cost and Profit Details

Net profit after tax was AUD 9.0 million, while cash and Debt information included a reported net cash position of AUD 13.8 million. This figure forms part of the company’s reporting for the specified period and should be read alongside other reported measures, rather than as a standalone indicator of subsequent trading conditions.

The business reported an operating platform with a network of more than 550 certified piercers and an extensive body-jewellery offering. Piercing and jewellery transactions together form the foundation of its customer proposition. This figure forms part of the company’s reporting for the specified period and should be read alongside other reported measures, rather than as a standalone indicator of subsequent trading conditions.

Cash, Capital and Financial Position

Management discussed studio execution, marketing, customer Acquisition and recruitment alongside the wider expansion programme. These are operational priorities rather than reported financial outcomes. Cash balances, Investment activity and capital management measures are reported separately from revenue and accounting profits. Their definitions and timing also differ across the financial statements.

The company’s FY26 results also included a pro forma cash-conversion measure of 101%; the presentation explains that this is a non-statutory measure. Cash balances, investment activity and capital management measures are reported separately from revenue and accounting profits. Their definitions and timing also differ across the financial statements.

Business Developments and Operating Priorities

Comparisons across financial years should account for the number of stores in operation and the timing of new studio openings. They affect the relative contributions of network growth and existing-store performance. These activities form part of the company’s documented business programme. Planned actions and targets are not recorded as completed financial outcomes unless the business has specifically reported their completion.

SkinKandy’s trading discussion considered the near-term retail environment and the company’s programme of additional studio openings. Those plans remain management intentions rather than completed sales. These activities form part of the company’s documented business programme. Planned actions and targets are not recorded as completed financial outcomes unless the business has specifically reported their completion.

Key Insights

For SK1 (ASX:SK1), The group reported FY26 revenue of AUD 90.2 million, positive like-for-like growth and a 109-store network. Profitability, margins and the pace of store development complete the review.