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Articore Group Limited
(Sydney:ATG)
Articore Group Limited (ATG) vs. iShares MSCI Australia ETF (EWA)
Articore Group Limited Business Overview & Revenue Model
Articore Group Limited Earnings Call Summary
Articore Group Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 492.99M | 438.64M | 492.99M | 555.12M | 573.39M | 573.39M |
| Gross Profit | 107.93M | 173.00M | 240.59M | 260.07M | 273.94M | 105.95M |
| EBITDA | 7.02M | 2.67M | 7.02M | -40.52M | -11.63M | 52.39M |
| Net Income | -8.84M | -11.29M | -8.84M | -54.18M | -24.59M | -24.59M |
Balance Sheet | ||||||
| Total Assets | 130.51M | 109.41M | 130.51M | 134.72M | 134.72M | 190.62M |
| Cash, Cash Equivalents and Short-Term Investments | 36.90M | 28.42M | 36.90M | 35.72M | 35.72M | 89.13M |
| Total Debt | 9.47M | 6.58M | 9.47M | 9.47M | 7.01M | 9.63M |
| Total Liabilities | 77.45M | 63.56M | 77.45M | 77.48M | 77.48M | 86.66M |
| Stockholders Equity | 53.05M | 45.85M | 53.05M | 57.24M | 57.24M | 103.96M |
Cash Flow | ||||||
| Free Cash Flow | 6.42M | -4.60M | 6.42M | -49.72M | -49.72M | -8.40M |
| Operating Cash Flow | 12.49M | 147.00K | 12.49M | -37.09M | -37.09M | 2.79M |
| Investing Cash Flow | -6.07M | -4.71M | -6.07M | -6.07M | -12.63M | -11.20M |
| Financing Cash Flow | -4.92M | -5.05M | -3.93M | -3.93M | -3.68M | -3.29M |
Articore Group Limited Peers Comparison
Articore Group Limited Corporate Events
Articore Group reported that the first half of FY26 marked a significant step forward in its turnaround, with material improvement in profitability and strengthened foundations for sustainable growth. The company highlighted meaningful margin expansion, underpinned by supply chain synergies, marketplace-focused artistry initiatives, and more effective marketing, pricing and promotions.
Gross profit rose 6% and gross profit after paid acquisition increased 8.9%, while gross profit margin climbed to a record first-half level of 48.8% and GPAPA margin reached 27.6%. Operating expenses have been cut by 35% since 1H FY23 despite inflationary pressures, helping deliver the highest first-half EBIT in five years and a $14.3 million year-on-year turnaround.
Reflecting confidence in these structural improvements, Articore upgraded its FY26 EBIT guidance to a range of $6 million to $10 million and tightened underlying cash flow guidance to $8 million to $12 million. Management attributed the gains to a refreshed leadership team, integration of marketplace operations to remove duplication and drive efficiencies, and an improving marketplace revenue trajectory supported by higher repeat customer contributions.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited, listed on the ASX under code ATG, operates within the unspecified industry segment noted in the filing, providing no additional detail on its principal products or market focus. The company reported the issuance of 45,292 ordinary fully paid shares on 4 February 2026 following the conversion of unquoted options, expanding its equity base and signaling potential dilution but also reflecting option holders’ confidence in the stock’s valuation.
The most recent analyst rating on (AU:ATG) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group director Robin Mendelson converted 45,292 restricted stock units, issued in lieu of cash fees, into the same number of fully paid shares on 4 February 2026 through the company’s employee share trust, lifting her indirect holdings to 526,788 shares while reducing direct RSUs to 407,632. The conversion underscores Articore’s ongoing reliance on equity-based director compensation to conserve cash and reinforce governance alignment, with no trades occurring during a closed period, indicating routine administration of its share-based payment plan.
The most recent analyst rating on (AU:ATG) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group reported that its ongoing turnaround strategy is delivering improved profitability despite softer marketplace revenue, with gross profit for the first half of FY26 rising 6.0% to A$107.5 million and gross profit margin expanding 480 basis points to 48.8%, helped by supply-chain synergies and new artist account fees. Marketplace revenue declined 4.5% in the half and 3.2% in the December quarter, but this represented a marked improvement on the double-digit falls seen a year earlier, while gross profit after paid acquisition increased 8.9% as more efficient marketing spend and optimised pricing and promotions lifted GPAPA margin to 27.6%, signalling early but tangible progress in restoring growth and margins ahead of detailed half-year results due in February.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has announced a change in the security holdings of director Robin Mendelson, reflecting the routine conversion of restricted stock units into fully paid ordinary shares under the company’s director remuneration arrangements. Mendelson converted 45,292 restricted stock units, issued in lieu of cash director fees for the 12 months to 31 October 2026, into an equivalent number of ordinary shares held indirectly through Solium Nominees (Australia) Pty Ltd, increasing his indirect shareholding to 481,496 shares while reducing his restricted stock units to 452,924; the transaction was not conducted during a closed trading period and does not involve any on-market trading, underscoring the ongoing use of equity-based compensation rather than signaling a change in strategic or financial outlook.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has announced the cessation of a number of equity-linked instruments on its register, including options and share appreciation rights, but the filing does not provide additional details on the company’s industry, core operations or markets.
The company notified the ASX that 161,768 options expired unexercised between October and November 2025, and a total of 3,508,972 share appreciation rights lapsed in December 2025 after their conditions were not met, resulting in no new shares being issued and a modest reduction in potential future dilution for existing shareholders.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has notified the market of the issue of 4,716,132 unquoted share appreciation rights (SARs) under its employee incentive scheme, which will not be quoted on the ASX. The award of these SARs, effective from 1 October 2025, signals the company’s continued use of equity-based remuneration to align staff incentives with shareholder value, potentially affecting future dilution and reflecting an emphasis on retaining and motivating key employees.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has notified the market of the issue of 7,489,394 new ordinary fully paid shares following the exercise or conversion of previously unquoted securities. The additional shares, to be dated 2 October 2025, increase the company’s quoted capital base, potentially improving liquidity for existing shareholders and signalling the crystallisation of value from earlier unquoted equity incentives or financing arrangements.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has notified the Australian Securities Exchange of the issue of new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other unquoted convertible securities. The company will issue a series of tranches between October and December 2025, resulting in a material increase in its ordinary share count that reflects the uptake of incentive or convertible instruments by holders and marginally broadens its equity base, with implications for dilution and capital structure for existing shareholders.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group has appointed Derek Yung as Group Chief Financial Officer, reinforcing its executive team as it continues to implement a turnaround and growth strategy. Yung, who joins effective immediately, brings more than a decade of CFO experience in leading e-commerce and marketplace businesses, including previous roles at TransForce, Wine.com and eHealth, where he oversaw substantial revenue growth and a significant share price increase, signalling Articore’s intent to strengthen financial leadership and execution capabilities in a competitive online marketplace sector.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has cancelled a series of its ordinary fully paid shares through an on-market buy-back program conducted over November 2025, leading to the cessation of multiple tranches of securities on various dates. The move reduces the company’s shares on issue, effectively consolidating ownership among remaining shareholders and potentially enhancing earnings per share and capital management flexibility, though the announcement provides no further commentary on strategic rationale or future plans.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group has released its FY25 Modern Slavery Statement, outlining how it is addressing human rights risks across its operations and extensive third-party fulfilment network. The company acknowledges that modern slavery is a global risk even for online marketplaces and emphasises its responsibility to protect not just its own employees in Australia, the US and Europe, but also workers employed by its 40 external fulfilment partners who turn digital designs into physical products. Articore highlights measures such as independent onsite audits and anonymous worker interviews, and positions transparency and ongoing public reporting as central to its broader social impact and sustainability strategy, signalling to stakeholders that it intends to keep strengthening safeguards for all people contributing to its marketplaces.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.
Articore Group Limited has appointed Derek Yung as the new Group Chief Financial Officer to bolster its executive leadership amid its ongoing turnaround and growth strategy. Yung, with extensive experience in strategic finance leadership, particularly in high-growth technology businesses, is expected to enhance Articore’s operational performance and long-term value creation. His previous roles include CFO positions at TransForce, Wine.com, and eHealth, where he significantly contributed to revenue growth and stock price increases. His appointment is seen as a strategic move to strengthen Articore’s financial profile and deepen relationships with creators and customers.
The most recent analyst rating on (AU:ATG) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Articore Group Limited stock, see the AU:ATG Stock Forecast page.