Kogan.com Ltd (KGGNF) Q2 2026 Earnings Call Transcript

SA Transcripts158.55K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Kogan.com Ltd (KGGNF) Q2 2026 Earnings Call February 22, 2026 6:30 PM EST Company Participants Ruslan Kogan - Founder, CEO, MD & Executive DirectorDavid Shafer - CFO, COO & Executive Director Presentation Unknown Executive Okay. Ladies and gentlemen, welcome to the Kogan First Half Results for FY '26. This morning, we are joined by Ruslan and David, and we will begin with a short presentation, and this will be followed by Q&A. [Operator Instructions] I'm handing over now to Ruslan and David. Ruslan KoganFounder, CEO, MD & Executive Director Good morning, everyone, and thank you for joining us for the Kogan Group's First Half FY '26 Results Presentation. It's a pleasure to be here with David Shafer, our CFO, COO and Executive Director. This morning, we'll take you through the company's results for the first half of FY '26, which demonstrated the strength of the Kogan.com platform. We delivered growth, strong cash generation and improved operating leverage, with Kogan.com once again leading the group's performance. At the same time, meaningful progress was made in optimizing Mighty Ape, with the foundations now firmly in place to support a return to sustainable profitability under our One Group strategy. To begin, let's dive straight into the highlights for the half.

The Kogan Group results are split into 2 reporting segments: Kogan.com and Mighty Ape. Kogan.com is firing on all cylinders. We drove gross sales past $0.5 billion, growing 21% on the prior corresponding period, while revenue grew by 17%. And we didn't just grow sales, we also expanded our profitability. The top line growth translated into $27.6 million in adjusted earnings, an 18% increase on the prior corresponding period. You can see the benefit of our operating leverage with adjusted earnings margins expanding to 11.9%.

Regarding Mighty Ape, we are seeing good