Articore Group Posts Higher Fiscal Q3 Gross Profit; Reaffirms Fiscal Year 2026 Outlook
Articore Group (ASX:ATG) reported AU$32.8 million in gross profit for the fiscal third quarter, up 1.6% from AU$32.2 million in the same period a year earlier, according to a Thursday filing with the Australian bourse.Gross profit after paid acquisition (GPAPA) fell 3.4% to AU$19.5 million in the quarter ended March 31, from AU$20.2 million a year earlier. GPAPA margin was nearly 31%, up 160 basis points on the year-ago period.Marketplace revenue was down 8.5% to AU$63.2 million in the March quarter, compared with AU$69 million in the prior corresponding period.The company has reaffirmed its fiscal year outlook, expecting a GPAPA margin of 27% to 29% and earnings before interest and taxes between AU$6 million and AU$10 million. Underlying cash flow for the fiscal year is expected to reach AU$8 million to AU$12 million.The company's shares rose 2% in recent Thursday trade.
