Kogan.com lifts margins and dividend as core business surges, Mighty Ape resets

Kogan.com ( (AU:KGN) ) has shared an update.

Kogan.com reported strong first-half FY26 results, with group gross sales up 16% to $572.4 million and revenue up 5% to $287.6 million, driven largely by a 28% increase in Kogan.com active customers to 3 million. The company maintained a cash balance of $71.8 million with no external debt, raised its fully franked interim dividend by 14.3% to 8 cents per share, and kept inventories at $76.9 million across the group.

The Kogan.com segment delivered double-digit revenue growth and expanded margins, with adjusted EBITDA margin rising to 11.9% as operating leverage and marketing efficiency supported scalable profitability. Mighty Ape underwent an inventory and operational reset that depressed first-half earnings but ended the period profitable in December, with management now focused on rebuilding ranges and rolling out the Kogan.com platform model to drive a capital-light recovery amid continued economic headwinds in New Zealand.

The most recent analyst rating on (AU:KGN) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on Kogan.com stock, see the AU:KGN Stock Forecast page.

More about Kogan.com

Kogan.com Ltd is an Australian-based online retailer operating the Kogan.com platform alongside New Zealand-focused Mighty Ape. The group sells exclusive and third-party branded products, runs a marketplace for third-party sellers, and offers subscription services such as Kogan FIRST, as well as verticals including mobile and advertising, targeting value-conscious digital shoppers across Australia and New Zealand.

YTD Price Performance: -12.81%

Average Trading Volume: 426,393

Technical Sentiment Signal: Sell

Current Market Cap: A$308.2M

For detailed information about KGN stock, go to TipRanks’ Stock Analysis page.