Globe Intl.’s results for the 2025 financial year were impacted by the decision to divest non-strategic brands from its portfolio, which had contributed A$ 25.5 million (€14.1m) to the company’s annual revenue.
The Australian group said that the measures to create a more focused business lay the foundation for its growth in FY26 and beyond. In FY25, Globe’s net profit tumbled by 14.6 percent to A$9.8 million (€5.4m) as total net sales fell by 7.2 percent to A$206.3 million (€114.0m) from A$222.3 million the prior year. But the company continued to generate revenue growth from its global brands FX, Salty Crew and Globe footwear despite challenging market conditions over the 12 months.
Australia was again the strongest-performing region, with a 12.6 percent Ebit margin, despite a weakened retail environment. North America, meanwhile, produced a solid Ebit margin and strong gross margins despite the backdrop of US tariff increases. Meanwhile, a restructured European business had a flat performance in FY25, as “significant operational projects” were implemented to improve capacity and better support divisional growth. The EU and US regional Ebit contribution rose by 31 percent year-over-year last year.
“At this stage, if conditions remain consistent, based on the inroads and growth of our strategic global brands in FY25, the start to this financial year, and our brand platform for global growth, we expect the business to grow revenue and profits in the FY26 year and continue providing solid returns to shareholders,” commented CEO Matt Hill in a prepared statement.
