Kogan.com Ltd. ( (KGGNF) ) has released its Q2 earnings. Here is a breakdown of the information Kogan.com Ltd. presented to its investors.
Kogan.com Ltd is a diverse e-commerce and service company operating in the retail and service sector, predominantly serving Australian and New Zealand consumers with a portfolio that includes Kogan Retail, Kogan Marketplace, and various verticals like Kogan Mobile and Kogan Energy. In the latest half-year financial performance, Kogan.com Ltd reported robust growth with gross sales reaching $492.5 million, an increase of 10.3%, and revenue growing by 9.9% to $272.7 million. Notably, the company achieved an 18.3% increase in gross profit to $106 million and expanded its gross margin to 38.9%, attributed to the strong performance across all divisions including Kogan Products and Kogan Marketplace. The company’s adjusted EBITDA grew by 17.5% to $25.3 million, and statutory profit after tax rose to $10.3 million, indicating strong operational leverage and profitability. However, Mighty Ape faced technical challenges but is expected to see long-term benefits from recent upgrades. Looking ahead, Kogan.com Ltd is optimistic about sustaining its growth trajectory through strategic marketing investments and market share expansion, supported by improved operational efficiencies and cost structures.