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KMD Brands
KMD Brands (KMD) investor relations material
KMD Brands AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary18 Nov, 2025
Opening remarks and agenda
Meeting opened with a welcome, confirmation of quorum, and introduction of directors and key executives.
Chairperson and Group CEO addresses were scheduled, followed by resolutions and other business.
Agenda included financial year review, transformation strategy, financial performance, and two shareholder resolutions.
Voting procedures for both in-person and online shareholders were explained.
Financial performance review
Total sales reached $989.0m, up 1.0% year-on-year, with a gross margin of 56.5%.
Group sales grew modestly, with slight increases for Rip Curl and Kathmandu, but a small decline for Oboz.
Underlying EBITDA was $17.7m, down 64.7% from the previous year.
Statutory NPAT loss was $93.6m, with underlying NPAT loss at $28.3m.
Net working capital decreased by $40.6m year-on-year to $157.7m, and net debt stood at $52.8m, with approximately $235m headroom.
Board and executive committee updates
Brent Scrimshaw appointed as Group CEO and Managing Director, bringing global brand experience.
Significant leadership changes, with over half the executive team newly appointed.
New CFO Carla Webb-Seager and COO Jonas Gowers joined, adding financial and operational expertise.
Board includes a mix of executive and non-executive directors, with recent leadership changes to enhance capabilities.
Executive team refreshed, focusing on global perspective, digital acumen, and operational discipline.
Specifics of the $25M cost reset actions
Oboz Q1 sales decline: What is the plan?
Allocation of ~$15M investment across brands
How will Next Level reinvestment be prioritized
Assess Oboz's path to profitability
Detail CEO performance assessment metrics
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Next KMD Brands earnings date
H1 202624 Mar, 2026
KMD Brands
Next KMD Brands earnings date
H1 202624 Mar, 2026
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Frequently asked questions
KMD Brands Limited is a New Zealand-based company specializing in outdoor apparel, equipment, and adventure gear. The company owns and operates multiple brands, including Kathmandu, Rip Curl, and Oboz, catering to consumers seeking quality products for outdoor, travel, and active lifestyles. KMD Brands designs and retails a wide range of items, such as clothing, footwear, backpacks, and surfing equipment, focusing on innovation, sustainability, and functionality. The company is headquartered in Auckland, New Zealand, and its shares are listed on the NZX and ASX.
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