FY25 · Released 24 September 2025
KMD Brands FY25: flat revenue, negative second-half EBITDA
Gross margin compression drove the loss deeper, while working-capital release rather than earnings carried the cash story.
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KMD · NZX
KMD Brands
Retail - ApparelCovered: FY251 published briefing
Snapshot
Latest metrics
FY25, released 24 September 2025
| Metric | Value |
|---|---|
| Revenue | $989.0m |
| EBITDA | $50.5m |
| NPAT | -$93.6m |
| Operating cash flow | $126.2m |
| OCF / EBITDA % | 249.7% |
| Net debt | $52.8m |
| Net debt / EBITDA | 1.05x |
| ROE % | -13.6% |
| DPS | 0.0c |
| Payout ratio vs NPAT % | 0.0% |
Longitudinal view
Performance over time
Current-period values from each published briefing, with the most recent reporting period shown first.
| Metric | FY2524 September 2025 |
|---|---|
| Revenue | $989.0m |
| Revenue growth % | 1.0% |
| EBITDA | $50.5m |
| EBITDA margin % | 5.1% |
| PBT | -$104.7m |
| NPAT | -$93.6m |
| Operating cash flow | $126.2m |
| OCF / EBITDA % | 249.7% |
| FCF pre-lease | $101.6m |
| DPS | 0.0c |
| Payout ratio vs NPAT % | 0.0% |
| ROE % | -13.6% |
| Net debt | $52.8m |
| Net debt / EBITDA | 1.05x |
| Debtor days | 25 |
| Inventory days | 94 |
| Total assets | $1350.7m |
Timeline
Briefing timeline
Reverse chronological, with each entry linking back to the full briefing.
Accountability
Expectations tracker
Once a second briefing exists for this company, this section will compare the previous briefing's expectations and unresolved issues with what actually happened in the next result.
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