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Kogan.com boosted sales and profits in Australia, but the parent group lost more money due to New Zealand's struggling subsidiary.
Kogan.com, the Australian online retailer, reported a 20%+ sales increase to $501.6 million and a 16% rise in net profit to $12 million for the first half of 2025-2026, driven by strong performance from brands like Dick Smith and Matt Blatt.
However, the parent company, Kogan Group, posted a post-tax loss of $8.2 million—20% worse than the same period the previous year—due to ongoing struggles at its New Zealand subsidiary, Mighty Ape, which continued to weigh on group profitability despite Australian success.
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Kogan.com aumentó las ventas y las ganancias en Australia, pero el grupo matriz perdió más dinero debido a la subsidiaria en dificultades de Nueva Zelanda.