Michael Hill International 2025 AGM Overview

Michael Hill International (ASX: MHJ) showcased a year of resilience, strategic discipline, and transformation during its 2025 Annual General Meeting. Despite persistent macroeconomic pressures and subdued consumer demand across Australia and New Zealand, the company demonstrated strong operational control and prudent capital management. Leadership emphasised productivity, cost optimisation, and the integration of artificial intelligence to drive innovation and efficiency.

The appointment of Jonathan Waecker as CEO signalled a new era of growth, supported by governance renewal and continuity under Deputy Chair Claudia Batten. Financially, the Group delivered stable results with revenue of AU$644 million and EBIT of AU$15.3 million, maintaining margins despite inflationary headwinds. Canada remained the standout performer, achieving record sales, while the second half saw improved same-store sales and stronger productivity metrics. Entering FY26, Michael Hill is well-positioned for the peak trading season, supported by new collections, brand reinvigoration, and enhanced customer experiences across its global network.

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