Articore Group Ltd
ASX:ATG
Articore Group Ltd
Articore Group Ltd is a AU-based company operating in Broadline Retail industry. Articore Group Limited, formerly Redbubble Limited, is an Australia-based company, which owns and operates the global online marketplaces, Redbubble.com and TeePublic.com. The Company’s community of passionate creatives sell uncommon designs on high-quality, everyday products, such as apparel, stationery, housewares, bags and wall art. Through the Redbubble and TeePublic marketplaces, independent artists are able to profit from their creativity. The company hosts three-sided global online marketplaces where independent artists upload their designs and creative works for sale on a range of products. The company works with fulfillers in North America, the United Kingdom, Europe, and Australia. They operate more than 32 different production centers to fulfil more than 66 different product types sold. More than 800,000 independent artists use its platforms.
Articore Group Ltd is a AU-based company operating in Broadline Retail industry. Articore Group Limited, formerly Redbubble Limited, is an Australia-based company, which owns and operates the global online marketplaces, Redbubble.com and TeePublic.com. The Company’s community of passionate creatives sell uncommon designs on high-quality, everyday products, such as apparel, stationery, housewares, bags and wall art. Through the Redbubble and TeePublic marketplaces, independent artists are able to profit from their creativity. The company hosts three-sided global online marketplaces where independent artists upload their designs and creative works for sale on a range of products. The company works with fulfillers in North America, the United Kingdom, Europe, and Australia. They operate more than 32 different production centers to fulfil more than 66 different product types sold. More than 800,000 independent artists use its platforms.
Profitability Turnaround: Articore delivered its highest first half EBIT in five years, achieving a $14.3 million year-on-year turnaround.
Margin Expansion: Gross profit margin rose to a record 48.8%, with GPAPA margin reaching 27.6%, both driven by supply chain efficiencies and pricing improvements.
Cost Discipline: Operating expenses declined by 4.3% year-on-year, with OpEx down 35% since 1H FY '23, reflecting significant cost reengineering.
Upgraded Guidance: FY '26 EBIT guidance was raised to $6–10 million (from $2–8 million), and cash flow guidance was tightened to $8–12 million (from $5–12 million).
Marketplace Trends: The rate of revenue decline is moderating, with TeePublic showing slight revenue growth and Redbubble's decline improving in Q2.
AI and Tech Initiatives: Strong focus on technology consolidation and AI adoption is expected to drive further efficiencies and support customer growth.
Strategic Investment: Dashery, a new platform for creators, generated $1.3 million in its first half with attractive margins and positive early traction.
