Adairs Limited
ADH.ASXConsumer Discretionary
Omni-channel specialty retailer of home furnishings, home furniture and home decoration products.
Market Data
$1.470
+0.0%$262.6M
13.1x
$0.107
6.46%
-0.3%
Latest Earnings
ADH 1H FY2026 Appendix 4D & Interim Financial Report
23 February 2026
Adairs delivered mixed results with revenue growth of 5.9% to $329M but underlying EBIT declined 9.1% to $30M due to margin pressure and cost inflation. The company maintained profitability but cut its interim dividend to 5.5 cents (previously 6.5 cents) as earnings fell 33.8% due to clearance activity and investment in technology upgrades. Key points: All brands achieved sales growth with Mocka standout performer at +29.8%; Strong execution of key trading moments drove revenue growth; Net debt reduced by $14M from June 2025 to $53.6M showing improved cash management
Recent Announcements
Becoming a substantial holder
Dimensional Entities became a substantial holder (5.004%).
FY26 Trading Update
Adairs Limited (ASX: ADH) reported FY26 sales guidance of $640.0-641.5m (+3.7% YoY) with underlying EBIT of $53.5-55.5m (-1.3% YoY), while announcing a non-cash impairment charge of $62-68m for its struggling Focus on Furniture business unit due to continued earnings deterioration and competitive pressures.
Ceasing to be a substantial holder
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Becoming a substantial holder
trustee for The BB Family International Trust (“BBRC”) became a substantial holder (5.10%).
Becoming a substantial holder
Santa Lucia Asset Management Pte Ltd, for and on behalf of CIM Dividend Income Fund and LGT Select Equity Emerging Markets became a substantial holder (5.14%).
ADH 1H FY2026 Appendix 4D & Interim Financial Report
Adairs delivered mixed results with revenue growth of 5.9% to $329M but underlying EBIT declined 9.1% to $30M due to margin pressure and cost inflation. The company maintained profitability but cut its interim dividend to 5.5 cents (previously 6.5 cents) as earnings fell 33.8% due to clearance activity and investment in technology upgrades. Key points: All brands achieved sales growth with Mocka standout performer at +29.8%; Strong execution of key trading moments drove revenue growth; Net debt reduced by $14M from June 2025 to $53.6M showing improved cash management
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