KMD Brands, the parent company of outdoor and adventure brands Kathmandu and Rip Curl, has reported a $93.6 million net profit after tax loss for the financial year ended July 31, 2025.
This compares to a profit in the previous financial year.
Underlying ebitda was also down 64.7% to $17.7m.
Group sales increased by 1% to $989m, while gross margin decreased to 56.5%.
The company had $52.8m of net debt and no final dividend was declared.
In a trading update, KMD Brands said total sales in August 2025 were 10.5% higher than the same month last year.
The company expects ebitda margin expansion in the 2026 financial year.
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