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Kogan Faces Inventory Woes as Mighty Ape Revenues Plummet

8/26/2025

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Summary

Story summary

Kogan faces inventory challenges from a missed peak sales season, likely affecting FY2026 margins.
Mighty Ape, acquired by Kogan in 2020, experienced a 22.1% revenue decline during the holiday season due to website issues.
Kogan's adjusted net profit increased to A$14.9 million, while Mighty Ape reported an operating loss of A$0.1 million.
New managing director Rob McEwan plans to enhance Mighty Ape's efficiency and customer features.

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Story summary

Kogan faces inventory challenges from a missed peak sales season, likely affecting FY2026 margins.
Mighty Ape, acquired by Kogan in 2020, experienced a 22.1% revenue decline during the holiday season due to website issues.
Kogan's adjusted net profit increased to A$14.9 million, while Mighty Ape reported an operating loss of A$0.1 million.
New managing director Rob McEwan plans to enhance Mighty Ape's efficiency and customer features.