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GLOBE INTL. ASX: GLB FY26 H1 RESULTS 26 TH FEBRUARY 2026 For personal use only
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2 Established in 1985, Globe International is a global producer and distributor specialising in purpose built apparel, footwear and skate hardgoods. Serving the boardsports, street fashion, outdoor, and workwear markets, our products are sold in over 70 countries worldwide. Founded by Australia's Hill Brothers, Globe International’s core business is divided between proprietary, licensed and distributed brands. GLOBE INTERNATIONAL For personal use only
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CEO H1 HIGHLIGHTS • Return to sales growth with sales up 3% over PCP. • Maintained solid EBIT of $5.2M and financial stability against erratic operating environments. • All three major divisions in Australia, North America and Europe contributing positively to company performance. • Lion's share of brand contribution comes from identified strategic Global brands of FXD, Salty Crew and Globe. • Strong balance sheet with positive cashflow generation provides a solid platform to continue to deliver on long-term strategic goals. • Track record of dividend flow to shareholders for the eleventh year in a row with a 10cps interim dividend. 3 For personal use only
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GLOBAL BRANDS HARDGOODS + FOOTWEAR GLOBE + IMPALA Founded: 1994 + 2017 Primary Products: Footwear, Skateboards, Skate Hardware, Roller Skates, Inline Skates. APPAREL SALTY CREW Founded: 2014 Primary Products: Men’s and Women’s Surf, Fish and Dive Apparel WORKWEAR FXD Founded: 2012 Primary Products: Men’s and Women’s Workwear and Workboots GLOBE INTERNATIONAL 4 For personal use only
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EMERGING BRANDS WORKWEAR X-DMG Founded: 2023 Primary Products: Workwear UNISEX FASHION AND SURF EYEWEAR SZADE + RITUAL VISION Founded: 2021 Primary Products: Unisex Eyewear GLOBE INTERNATIONAL APPAREL S-DOUBLE Founded: 2010 Primary Products: Streetwear Apparel 5 For personal use only
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GLOBAL OPERATIONS AUSTRALIA GLOBAL HQ Established 1985 Handles APAC NORTH AMERICA Established 1995 Handles Americas EUROPE Established 2005 Direct in Western Europe and Manages EMEA Distributors CHINA Established 2001 Skateboard Manufacturing GLOBE INTERNATIONAL 6 For personal use only
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GLOBE INTERNATIONAL $98.2M $3.4M NPAT -$1.3m on PCP $5.2M EBIT -$1.9 PCP 10 CENTS Half Year Dividend Reflecting a 7.9% Yield 5.3% EBIT Margin -2.2% vs PCP $19.3M Net Cash Revenue +$2.9m on PCP H1 FY26 FINANCIAL OVERVIEW 7 For personal use only
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REVENUE GROWTH DELIVERS • Strong revenue of $98.2 million (up $2.5M vs LY). • Solid EBIT return of $5.2 million with EBIT margin of 5.3% despite erratic market conditions. • Australian division remained a robust revenue and EBIT deliverer despite a tough retail market. • European division most improved with 21% sales growth over PCP. • North America division successfully navigated the introduction of tariffs. • Net profit after tax (NPAT) of $3.4 million. • $19.3m in cash holdings. • 10cps interim dividend marks the eleventh year of paying a dividend. H1 FY26 FINANCIAL HIGHLIGHTS 8 For personal use only
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DIVIDEND & CAPITAL MANAGEMENT • Interim dividend of 10 cents per share (fully franked), (H1FY25: 0.10 cents per share). • Implied trailing 12-month yield of 7.9%. • The Board determined the interim dividend having regard to underlying earnings and cash generation, as well as the Company’s strong balance sheet. PROVIDING CONSISTENT RETURN OF CAPITAL TO SHAREHOLDERS 9 For personal use only
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“WE NEVER HAD A MASTER PLAN FOR THE BUSINESS, JUST A SERIES OF GUIDING PRINCIPLES THAT WERE ARTICULATED BY PETER AND STEPHEN AS A BUSINESS MISSION: STAY TRUE TO OUR ROOTS, REMAIN HARDCORE AND BE ADAPTIVE TO THAT AS OUR WORLD EVOLVES, AND MOST IMPORTANTLY HAVE FUN BREAKING CONVENTION.” 1 0 – MATT HILL For personal use only
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APPENDIX For personal use only
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BOARD & SENIOR MANAGEMENT GLOBE INTERNATIONAL HARRY HODGE CHAIRMAN & NON-EXECUTIVE DIRECTOR Harry Hodge was appointed to the Board of Directors and as Chairman on 16 June 2023. Harry has over 30 years’ experience in senior executive and non-executive roles in organisations ranging from starts-ups, SME’s, large and international organisations across women’s and men’s fashion, actions sports, youth culture as well as retail sectors. In an executive capacity as CEO/Executive Chairman, Harry played a pivotal role in establishing the Quiksilver, Roxy and DC brands in Europe. STEPHEN HILL EXECUTIVE DIRECTOR Stephen co-founded Globe in 1985, remains a major shareholder in the business and has expertise in the development of growth initiatives, brand development and market positioning strategies for the Company. Stephen is a former skateboarding champion and remains a daily skateboarder, snowboarder and surfer. PETER HILL EXECUTIVE DIRECTOR Peter co-founded Globe in 1985 and remains a major shareholder in the business. He is a major contributor to the strategic market direction and brand development of the business with a particular emphasis on Asian sourcing and distribution where he is based. Peter is a former skateboarding champion and remains an active participant in boardsports and motorsports. MATT HILL CHIEF EXECUTIVE OFFICER Matt has been involved in Globe since its inception in 1985. Matt relocated to Los Angeles in 1995 to establish Globe’s USA operations and complete a masters degree in film production at the University of Southern California. In 2004 Matt was appointed the global CEO of Globe International. Matt has an extensive background in skateboarding, filmmaking, brand development, and strategic positioning and remains a major shareholder in the business. KAREN BROWNE CHIEF FINANCIAL OFFICER Karen is an experienced CFO with over 16 years’ experience across a range of industries. Karen was appointed as Globe CFO on 1 January 2024. Most recently Karen was Group CFO of a Global logistics company with overall responsibility for financial, treasury, regulatory & tax compliance. For personal use only
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GLOBE INTERNATIONAL FY26 H1 PROFIT & LOSS STATEMENT 2025 2024 $’000 $’000 Revenue from contracts with customers 98,206 95,291 Other income 466 536 Changes in inventories of finished goods and work in progress 5,872 6,090 Inventories purchased (53,886) (53,942) Employee benefits expenses (17,828) (15,522) Variable selling expenses (5,239) (4,493) Distribution expenses (4,987) (4,881) Other expenses (15,236) (13,970) Depreciation and amortisation expense (1,990) (1,782) Finance expenses (538) (449) Profit before related income tax expense 4,840 6,878 Income tax expense (1,422) (2,119) Profit attributable to members of Globe International Limited 3,418 4,759 For personal use only
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GLOBE INTERNATIONAL BALANCE SHEET AS AT 31 DEC 2025 2025 2024 ASSETS $’000 $’000 Current assets Cash and cash equivalents 19,322 19,882 Trade and other receivables 24,037 33,807 Inventories 45,552 39,176 Prepayments 3,474 2,518 Current tax assets 627 - Total current assets 93,012 95,383 Non- current assets Property, plant and equipment 16,640 16,376 Right -of -use assets 9,851 12,074 Intangible assets 484 587 Other assets 2,053 2,098 Deferred tax assets 3,123 3,374 Total non- current assets 32,151 34,509 Total assets 125,163 129,892 2025 2024 LIABILITIES $’000 $’000 Current liabilities Trade and other payables 28,020 27,461 Current lease liabilities 2,133 2,800 Borrowings 561 1,126 Derivative financial instruments 463 1,158 Current tax liability - 311 Provisions 3,319 3,205 Total current liabilities 34,496 36,061 Non- current liabilities Non -current lease liabilities 8,400 10,040 Borrowings 6,200 6,485 Provisions 113 126 Total non- current liabilities 14,713 16,651 Total liabilities 49,209 52,712 NET ASSETS 75,954 77,180 Equity Contributed equity 144,223 144,223 Treasury Shares (418) (487) Reserves (3,716) (3,149) Accumulated losses (64,135) (63,407) TOTAL EQUITY 75,954 77,180 For personal use only
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GLOBE INTERNATIONAL 2025 2024 $’000 $’000 Cash flows from operating activities Receipts from customers (inclusive of goods and services tax) 114,885 110,390 Payments to suppliers and employees (inclusive of goods and services tax) (104,970) (99,155) Interest received 215 219 Interest and other costs of finance paid (538) (449) Income taxes paid (2,234) (2,277) Net cash provided by operating activities 7,357 8,728 Cash flows from investing activities Payments for property, plant and equipment (894) (322) Payments for intangible assets (250) (250) Net cash used in investing activities (1,144) (572) Cash flows from financing activities Dividends paid (4,146) (5,390) Principal payments for leases (1,426) (1,120) Repayment of borrowings (849) (255) Net cash used in financing activities (6,421) (6,765) Net increase / (decrease) in cash and cash equivalents (208) 1,391 Cash and cash equivalents at beginning of the financial year 19,882 22,117 Effect of exchange rates on cash holdings in foreign currencies (352) 1,080 Cash and cash equivalents at the end of the financial year 19,322 24,588 FY26 H1 CASH FLOW For personal use only
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GLOBE INTERNATIONAL This presentation has been produced by Globe International Limited (“Globe”) and may contain forward looking statements that are based on management’s current expectations, beliefs and assumptions and are subject to a number of risks and uncertainties. Forward looking statements contained in this presentation are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, the actual outcomes and results may differ from those described. In any forward-looking statement in which Globe expresses an expectation or belief such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. We are not under any duty to update forward-looking statements unless required to by law. This investor presentation is not an offer of securities, and does not form part of any prospectus that has or may be issued. Globe and its directors, employees, associates, affiliates and agents, make no: (a) Representations or warranties, expressed or implied, in relationship to this presentation or the accuracy, reliability or completeness of any information in it or the performance of Globe; and (b) Accept no responsibility for the accuracy or completeness of this presentation. This presentation is intended to provide information only and does not constitute or form an offer of securities or a solicitation or invitation to buy or apply for securities, nor it or any part of it form the basis of, or be relied upon in any connection with any contracts or commitment whatsoever. The information in this presentation does not take into account the objectives, financial situation or particular needs of any person. Nothing in this presentation constitutes investment, legal, tax or other advice. This presentation does not, nor does it purport to, contain all the information prospective investors in Globe would desire or require in reaching an investment decision. To the maximum extent permitted by law, Globe, their officers, directors, employees, associates, affiliates or agents, nor any other person accepts any liability for any loss, claim, damages, costs or expenses of any nature (whether foreseeable or not), including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this presentation or its content or otherwise arising in connection with it or any errors or omissions in it. The distribution of this presentation in jurisdictions outside of Australia may be restricted by law. This presentation has not been filed, lodged, registered or approved in any jurisdiction and recipients of this presentation should keep themselves informed of and comply with and observe all applicable legal and regulatory requirements. In Australia, this presentation is made only to sophisticated or professional investors under the corporations act, but will be released on the ASX. For personal use only
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GLOBE INTERNATIONAL INVESTORS Samantha Cook Company Secretary Globe International Limited Samantha.cook@globebrand.com MEDIA Matt Hill CEO Globe International Limited Matt.h@globebrand.com ABN 65 007 066 033 Globe International Limited 1 Fennell Street, Port Melbourne, VIC 3207 +61 3 8534 9999 For personal use only