Michael Hill International Ltd Ordinary Shares
MHJ.NZXConsumer Discretionary
The Michael Hill story began in 1979 when Sir Michael and his wife Christine opened their first store in the New Zealand town of Whangarei, some 160 kilometres north of Auckland. Since then, the company growth has been guided by a unique retail jewellery formula. Through dramatically different store designs, a product range devoted exclusively to jewellery and development of high impact advertising, Michael Hill Jewellers rose to national prominence. In 1987 Michael Hill International was listed on the New Zealand Stock Exchange, the same year the Group expanded into Australia. In 2002, Michael Hill expanded into North America, opening its first stores in Vancouver, Canada. The Canadian presence now includes stores in British Columbia, Alberta, Manitoba, Saskatchewan and Ontario. Exclusive jewellery collections available at Michael Hill stores include Michael Hill Designer Bridal, Infinitas, Everlight and Spirits Bay.
Market Data
$0.400
+0.0%$153.9M
25.8x
$0.015
0.00%
-0.1%
Latest Earnings
FY26H1 Results
2 March 2026
Michael Hill International (MHJ) delivered a strong FY26H1 result with group sales up 3.0% to $371.0m and comparable EBIT surging 28.6% to $31.0m, driven by same store sales growth of +3.8% across all three markets. Statutory NPAT rose 32.0% to $22.3m while the balance sheet strengthened materially, with net cash of $20.7m versus net debt of $9.8m in the prior year. No interim dividend was declared, but the Board intends to reinstate dividends at the full year; early FY26H2 trading is encouraging with group SSS up 6.0% in the first eight weeks. Key points: Comparable EBIT surged 28.6% to $31.0m, driven by higher sales volumes and disciplined cost management; Group SSS growth of +3.8% with all three segments positive — Canada a standout at +6.1% (record performance), Australia +4.8%, New Zealand +1.8% (reversing prior declines); Balance sheet transformed: net cash position of $20.7m vs net debt of $9.8m in pcp, an improvement of $30.5m
Recent Announcements
Notice of cessation of securities
Michael Hill International Limited announced the cessation of 270,482 share rights (MHJAB) on April 17, 2026, due to lapse of conditional rights under its Long Term Incentive Plan as conditions were not satisfied. The company's issued capital now comprises 384.8 million ordinary shares and 13.0 million remaining share rights.
Investor Day Presentation April 2026
Michael Hill International Limited (ASX/NZX:MHJ) held an Investor Day on 14 April 2026 where Chair Rob Fyfe, CEO Jonathan Waecker, and executive leadership presented the company's strategy focused on operational clarity, customer focus, and data discipline. The company reported positive momentum with FY26 Q3 sales up 3.8%, same-store sales growth across all segments (Australia +5.5%, Canada +11.3%, New Zealand +7.1%), and is pursuing an EBIT margin target of 10% through four levers: improved store productivity, diversified revenue growth, gross profit improvement, and operating leverage improvement.
Form 603 – Accident Compensation Corporation (ACC)
Accident Compensation Corporation (ACC), a New Zealand entity, became a substantial holder of Michael Hill International (ACN 610 937 598) on 10 April 2026, acquiring 22,393,710 ordinary fully paid shares representing 5.819% voting power through purchases between January and April 2026 totaling approximately NZD 7,689 and AUD 1,671,889.
Notice of cessation of securities
Michael Hill International Limited (MHJ) has ceased 712,984 share rights (MHJAB) on 26 February 2026 due to lapse of conditional rights under its Long Term Incentive Plan, as the vesting conditions were not satisfied. The company's unquoted share rights total now stands at 13,290,415.
Resignation/Appointment of Company Secretary
Michael Hill International Limited (ASX/NZX:MHJ) announces that Kate Palethorpe has resigned as Company Secretary effective 17 March 2026, with Matthew Kremastos, an experienced senior lawyer who joined the company in March 2023, appointed as her replacement in the same role.
Half Year Accounts
Michael Hill International Limited reported half-year results for the 26 weeks ending 28 December 2025, with revenue up 3.0% to $370.954m, EBIT up 20.1% to $38.863m, and net profit after tax up 32.0% to $22.257m. The company declared no interim dividend but indicated intention to return to dividends at full year results subject to continued trading conditions.
FY26H1 Results
Michael Hill International (MHJ) delivered a strong FY26H1 result with group sales up 3.0% to $371.0m and comparable EBIT surging 28.6% to $31.0m, driven by same store sales growth of +3.8% across all three markets. Statutory NPAT rose 32.0% to $22.3m while the balance sheet strengthened materially, with net cash of $20.7m versus net debt of $9.8m in the prior year. No interim dividend was declared, but the Board intends to reinstate dividends at the full year; early FY26H2 trading is encouraging with group SSS up 6.0% in the first eight weeks. Key points: Comparable EBIT surged 28.6% to $31.0m, driven by higher sales volumes and disciplined cost management; Group SSS growth of +3.8% with all three segments positive — Canada a standout at +6.1% (record performance), Australia +4.8%, New Zealand +1.8% (reversing prior declines); Balance sheet transformed: net cash position of $20.7m vs net debt of $9.8m in pcp, an improvement of $30.5m
FY26H1 Results Presentation
Michael Hill International Limited reported FY26H1 results with comparable EBIT of $31.0m (up 28.6%), driven by revenue growth of 3.0% to $371m and positive same-store sales across all segments: Canada +6.1%, Australia +4.8%, and New Zealand +1.8%. The company improved its net cash position by $30.5m to $20.7m, reduced inventory by $11.3m, and closed a net 9 stores while opening refurbished flagship locations.
Notification of cessation of securities
Michael Hill International Limited announced the cessation of 100,000 options (ASX code: MHJAA) that expired on January 10, 2025, due to expiry without exercise or conversion.
FY26H1 Trading Update
Michael Hill International Limited (ASX/NZX: MHJ) reported FY26H1 trading results showing group sales of $370.3m (+3.1% YoY) with comparable EBIT anticipated at $27m-$30m (+12% to +24% YoY), driven by strong performances in Canada (+6.1% same-store sales), Australia (+4.8%), and New Zealand (+1.8%), alongside improved working capital management and a return to positive net cash of ~$20m.
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