Shaver Shop Group Limited (SSG) reported record full-year sales of AUD 225 million for FY2026, up 3.0% year-over-year, marking the highest revenue in the company’s 40-year history. Gross profit rose 4.7% to AUD 104.2 million, crossing the AUD 100 million threshold for the first time, while gross margin expanded to 46.3%, a record high and up 80 basis points from the prior year.
Net profit after tax declined 0.9% to AUD 14.8 million, with diluted earnings per share at AUD 0.113, down 0.9% year-over-year. Operating cash flow surged 38% to AUD 32.4 million, funding store expansions and shareholder returns, while net cash increased to AUD 4.6 million with zero debt. The board declared a fully franked dividend of AUD 0.103 per share, yielding approximately 2.5% at the current share price.
Exclusive brands accounted for nearly 50% of total sales and about 60% of gross profit, led by Transform-UTM, which generated just over AUD 18 million in revenue and sold more than 300,000 units across over 100 SKUs. Online sales grew 9.1% to AUD 54.3 million, representing 24% of total revenue, while in-store sales increased 1.2% to AUD 171 million. The company’s 120-store network saw three new openings, three full refits, and four relocations during the year, with a long-term target of 130 to 135 stores.
Gross margin has expanded by 240 basis points over the past five years, supported by improved in-store conversion rates of 47.1%, a record net promoter score of 89.7, and a customer experience score of 9.7 out of 10. Total transactions reached 2.1 million, up 4.1%, with online marketplace transactions rising nearly 10% to 0.4 million.
Early FY2027 trading showed a 3.2% decline in sales through August 24 compared to the prior year, following a 9.5% drop in the first two weeks of July. Management attributed the soft start to stock replenishment delays after a strong June promotion. Shaver Shop’s shares traded at AUD 1.44, down 3.36% on the day and down 68% over the past year, though positioned 11.1% above its 52-week low and 11.1% below its 52-week high.
