Kogan FY26 presentation: $1B sales milestone, stock falls 15%

On August 24, 2026, Kogan Group (ASX:KGN) disclosed its FY26 financial results, attaining a historic milestone of $1 billion in sales for the first time. Despite reporting a 14% increase in adjusted earnings and enhanced profitability across its core Kogan.com business, the company's shares experienced a significant drop of 15.3%, falling to $3.82.

This sharp decline in stock price signaled investor apprehension about the sustainability of growth and the ongoing challenges faced by subsidiary Mighty Ape. The stark contrast between the company's robust operational performance and the negative market reaction highlighted growing concerns over Kogan's ability to sustain momentum while completing the turnaround of its New Zealand acquisition.