KMD Brands (KMD)•HY26•Released 31 March 2026Loss narrowed 43.5% but $65.3m raise signals balance-sheet stressOperating cash fell 44.0% and net debt rose to $94.0m, prompting a fully underwritten equity raise alongside the headline earnings improvement.Published 21 April 2026Read briefing→
KMD Brands (KMD)•FY25•Released 24 September 2025PBT loss widened 124% to $104.7m on flat revenue as Kathmandu swung to lossSecond-half EBITDA turned negative and the dividend was scrapped, signalling deeper operating pressure than headline 1.0% sales growth suggests.Published 20 April 2026Read briefing→
KMD Brands (KMD)•HY25•Released 26 March 2025Underlying EBITDA collapsed 74.3% to $3.9m on flat revenueReported EBITDA fell 18.1% and the loss roughly doubled to $21.5m as Kathmandu's loss widened, while inventory release drove a $20m debt reduction.Published 20 April 2026Read briefing→
KMD Brands (KMD)•FY24•Released 25 September 2024PBT swung to a $46.7m loss as revenue fell 11.2%Operating cash held at $144.7m, but the apparent cash-conversion uplift reflects EBITDA collapse rather than improved working-capital quality.Published 21 April 2026Read briefing→
KMD Brands (KMD)•HY24•Released 19 March 2024Sales down 14.5% drove KMD to a $10.4m loss; dividend cut to zeroKathmandu swung to a segment loss and group leverage rose to 1.49x EBITDA, even as inventory release lifted operating cash flow.Published 21 April 2026Read briefing→