AUS
NZ
UK
CA
USA
IND
Highlights
- MYR’s total sales increased by 12.5% to AUD 3,673.8 million in FY25, driven by continued retail and online sales.
- The company recorded a 3.1% YoY increase in total sales for the first seven weeks of the half.
- The company expects growth to be supported by specialty brand integration, new exclusive brand launches, and MYER One Launch, along with targeted AUD 40 million synergies.
Myer Holdings Limited (ASX:MYR) is an ASX-listed company that operates approximately 56 department stores across Australia, as well as its online business: myer.com.au. In the financial year 2025 (FY25), the company reported total sales of AUD 3,673.8 million, compared to AUD 3,266.1 million in FY24 with a YoY % change of 12.5%. During the reported period, EBITDA (Excluding Significant Items) increased by 6.5% YoY to AUD 383.2 million, compared to AUD 359.7 million in FY24. Meanwhile, NPAT (Excluding Significant Items) reached AUD 38.6 million, down 30% YoY.
Despite MYR’s resilient sales in FY25, profitability was affected by weak macroeconomic conditions, subdued consumer demand, and heightened promotional activity. The company recorded a statutory net loss of AUD 211.2 million for FY25, primarily due to a one-off, non-cash impairment of AUD 213.3 million and an additional AUD 34.7 million from other significant items.
Business Updates
On 19 September 2025 MYR informed that its Annual General Meeting (AGM) will be held on 28 November 2025. An item of business at the AGM will be the re-election of Directors.
Key Positives and Negatives
In FY25, total sales increased by 12.5% YoY and online sales jumped 111bps YoY to 22.9% of total sales in FY25. Meanwhile, the cost of doing business increased by 22.6% YoY in FY25 and EBIT fell by 13.8% YoY.
Business Outlook
MYR started FY26 with positive momentum, reporting a 3.1% YoY increase in total sales for the first seven weeks of the half. Growth is expected to be supported by the ongoing integration of specialty brands, upcoming exclusive brand launches in 2H FY26, the rollout of MYER one, and targeted synergies of AUD 40 million, despite operational challenges.
MYR anticipates FY26 will be influenced by cautious consumer discretionary spending, subdued retail conditions in New Zealand, and continued remediation costs at the national distribution centre. However, easing interest rates, stronger performance in Womenswear and Home categories, and benefits from its value creation program are expected to drive growth while reducing CODB as a percentage of sales compared with 2H25.
Share Performance of MYR
MYR shares closed at AUD 0.480 per share on 23 September 2025, recording a drop of 25% from the previous day close. Over the past year, MYR’s share price has dropped by almost 41.68% and in the last six months, it has decreased by nearly 29%. Over the past 52 weeks, the stock has traded between AUD 0.560 (9 April 2025) and AUD 1.237 (12 December 2024).
Support and Resistance Summary
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 23 September 2025. The reference data in this report has been partly sourced from EODHD/Others.
Technical Indicators Defined:
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Disclaimer
This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.
