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Kogan delivers strong growth in Sales and profitability as Mighty Ape turnaround gains traction. Kogan Group reports 10-month FY26 sales up 13% to A$875.6m; EBITDA +17% as Mighty Ape shows early turnaround, margins near FY26 guidance (6-9%). Discover more Share Market News Stock Market Analysis Market Analysis Service Key points * Kogan.com drives strong growth, with sales up 18.2% and EBITDA up 32%. * Mighty Ape turnaround shows margin improvement and reduced losses. * Group performance places it towards the top end of FY26 guidance. Kogan Group (ASX: KGN) has reported strong growth in its business update for the first 10 months of FY26, driven by Kogan.com's robust performance and early signs of a turnaround at Mighty Ape. For the 10 months ended 30 April 2026, Group Gross Sales rose 13.2% to $875.6 million, while Group Revenue grew 6.0% to $433.7 million. This top line growth translated into a 11.1% increase in Gross Profit, reaching $177.9 million. The company also saw improved profitability, with Group Adjusted EBITDA climbing 17.4% to $37.5 million. Group Adjusted EBIT experienced an even stronger surge, up 25.4% to $26.9 million. The Group Adjusted EBITDA margin reached 8.6%, placing Kogan towards the upper end of its FY26 guidance of 6% to 9%. Kogan.com leads the growth charge. The robust performance of the core Kogan.com division was a significant contributor to the group's overall results. Kogan.com reported an 18.2% increase in Gross Sales and an 18.1% rise in Revenue during the 10-month period. Profitability within Kogan.com also saw strong uplift, with Adjusted EBITDA surging 32.0% and maintaining an Adjusted EBITDA margin of 11.5%. This segment's growth was further supported by a 9% increase in Active Customers, highlighting successful engagement and platform-based sales expansion. Mighty Ape turnaround showing traction. Kogan's New Zealand subsidiary, Mighty Ape, showed early signs of a turnaround. In the four months to 30 April 2026, Mighty Ape's Gross Margin improved by 8.4 percentage points to 37.8%. The strategic shift towards a capital-light, high-margin model for Mighty Ape appears to be gaining traction, with a notable 52.8% reduction in Adjusted EBITDA losses compared to the prior corresponding period. This follows previous reports that Mighty Ape was focused on an inventory and operational reset in 1HFY26, where it recorded an Adjusted EBITDA loss of $3.2 million. Customer growth and strategic focus. Across the entire Kogan Group, Active Customers increased by 4% to 3.5 million. This sustained customer engagement underscores the company's strategic focus on its platform-based model. The group continues its emphasis on expanding platform-based sales and implementing structural cost reductions. These efforts are aimed at driving further operating leverage and supporting a path to sustained profitability for the entire group. Outlook and risks. Kogan Group's 10-month update demonstrates significant positive momentum, with strong growth in sales and profitability driven by the core Kogan.com division and an improving performance at Mighty Ape. While the group is tracking towards the upper end of its guidance, ongoing execution risks at Mighty Ape remain a key factor for achieving sustained profitability. The timing of Mighty Ape's full return to sustained profitability is a watch point for investors, alongside the broader retail environment. Join 100,000+ investors. Unsubscribe anytime.

Kogan.com shares jump 20pc as NZ turnaround helps sales surge past $875m. By Business News Australia 26 May 2026 Kogan.com founder and CEO Ruslin Kogan Shares in Melbourne-based online retailer Kogan.com (ASX: KGN) surged more than 20 per cent today after the company reported group gross sales of $875.6 million for the 10 months to the end of April. The gross sales figure is up 13.2 per cent on the prior corresponding period, while expanding margins and a turnaround at its New Zealand subsidiary Mighty Ape have also helped drive a 17.4 per cent jump in adjusted EBITDA to $37.5 million. Shares in the e-commerce group hit a high of $4.14 today and were still trading close to their intra-day high at $4.08 at 3.26pm (AEST). The business update shows the company is tracking towards the upper end of its full-year adjusted EBITDA margin guidance range of 6 to 9 per cent, with the group recording an 8.6 per cent margin for the period. Group revenue rose 6 per cent to $433.7 million, while gross profit climbed 11.1 per cent to $177.9 million, indicating the business is extracting more margin from each dollar of sales. The latest update affirms company founder and CEO Ruslan Kogan's optimism when releasing the company's half-year results in February when he described the company's focus on delivering value to its growing customer base driving "significant momentum" across the company's business. The core Kogan.com Australian business was the primary engine of the latest results, posting gross sales growth of 18.2 per cent and a 43.2 per cent jump in adjusted EBIT. The Australian operation achieved an adjusted EBITDA margin of 11.5 per cent, well above the group average. Active customers on the Kogan.com platform grew 9 per cent, helping push group active customers to 3.5 million as at 30 April 2026, up 4 per cent on the prior corresponding period. Mighty Ape, the New Zealand-focused online retailer Kogan.com acquired in 2021, remains loss-making at the year-to-date level, recording an adjusted EBITDA loss of $3.8 million on gross sales that fell 14.2 per cent to $101.7 million. The subsidiary swung from a $700,000 adjusted EBITDA profit in the prior corresponding period. However, the company points to material improvement in the most recent four months. Between January and April 2026, Mighty Ape's adjusted EBITDA losses halved, falling 52.8 per cent compared with the same four-month window a year earlier, while gross margin jumped 8.4 percentage points to 37.8 per cent. The update comes nine months after Kogan.com wrote down $46.3 million in Mighty Ape goodwill in its FY25 results, citing website upgrade problems that disrupted the New Zealand business. At the time, Kogan framed the issues as temporary and flagged a comprehensive reset of the Mighty Ape operation. At the half-year mark on 31 December 2025, the group held $71.8 million in cash with no external debt and paid an interim dividend of 8c per share, up 14.3 per cent on the prior year. The strong trading over the past 10 months lands amid a buoyant period for Australian e-commerce. Australia Post data shows total online spending in Australia hit $82.6 billion in calendar year 2025, up 14 per cent year on year, providing a tailwind for pure-play online retailers. Business News Australia Australia's business news. Free. Always. Join thousands of founders, investors and executives who read Business News Australia every morning. No paid subscriptions, just free. Unsubscribe anytime. Partner Content

Kogan.com, an Australian online retailer with a market capitalisation of A$363.90 million, demonstrates strong growth potential according to recent analysis. The company generates revenue across Australia and New Zealand through its Kogan.com and Mighty Ape operations. As Australian shares advance approximately 0.5% amid positive geopolitical developments, growth companies with high insider ownership are attracting investor attention. Insider stakes often signal confidence in a company's prospects and alignment with shareholder interests. Kogan.com features amongst growth companies with significant insider ownership on the ASX, alongside others including Australian Ethical Investment, Cyclopharm and Clinuvel Pharmaceuticals. The analysis examined 114 fast-growing ASX companies where insiders maintain substantial ownership positions.