FINWIRES · TerminalLIVE
FINWIRES

KMD Brands Sees Fiscal 2026 Sales Rising 5%, Divests Southeast Asian Facility

By

KMD Brands (NZE:KMD, ASX:KMD) expects fiscal 2026 sales to be in the range of NZ$1.040 billion to NZ$1.044 billion, up roughly 5% at the midpoint from a year ago, according to a Wednesday filing with the Australian bourse.

The company projects annual underlying earnings before interest, taxes, depreciation, and amortization of between NZ$38 million and NZ$41 million, an increase of over 123% at midpoint from the prior year.

The outdoor retail company will also wind down operations at its Southeast Asian manufacturing facility over the next 12 months. The divestment is expected to generate net property proceeds of NZ$5 million to NZ$7 million.

Sales at its Kathmandu brand have maintained steady improvement during the year, due to strong demand for rainwear, fleece and base layer product lines. Meanwhile, its Rip Curl business continues to be impacted by weaker consumer sentiment in Australia and grown promotional activity from competitors.

The company's New Zealand shares were up 2% in recent Wednesday trade.

Related Articles

Asia

Aedge Group Unit to Buy Commercial Property for SG$7.5 Million

Aedge Group's (SGX:XVG) subsidiary, IPF Investments, exercised an option to acquire a freehold property in Singapore for SG$7.5 million, according to a Monday bourse filing.The property has a land area of around 297.4 square meters and is currently tenanted at a monthly rent of SG$20,000.The acquisition will be funded through a combination of internal resources and bank borrowings and is expected to be completed on or before Oct. 13.

SGX:XVG
Asia

Huadian New Energy's Power Generation Rises 24% in Q2

Huadian New Energy's (SHA:600930) power generation in the second quarter rose 24% year on year to 36.2 billion kilowatt-hours, according to a Shanghai bourse filing on Tuesday.The increase was mainly attributable to the commissioning of additional installed generating capacity, with 2.39 million kilowatts being added during the quarter.For the first half, the power company's power generation climbed 22% to 69.1 billion kWh from a year earlier.The company's shares fell 3% during the morning trade.

SHA:600930
Asia

Giga Device Semiconductor Sees No Reason for Stock Surge; Shares Rise 9%

Giga Device Semiconductor's (HKG:3986, SHA:603986) stock deviated by more than 20% across three straight trading sessions on July 16, 17, and 20, according to a Tuesday filing with the Shanghai bourse.Following an internal investigation and verification with its controlling shareholder and actual controller, the company said it has no undisclosed material information, plans, or negotiations that may have had a significant impact on its stock price.The company's shares jumped 9% recently.

SHA:603986