Adore Beauty Group Limited reported strong financial results for FY24, with annual revenue up 7.4% to $195.7 million and reported EBITDA increasing 661% to $4.8 million.
The company's growth was driven by a record 519,000 returning customers, improved customer retention at 64.7%, and increased brand awareness reaching 71% in their core demographic.
Adore Beauty expanded its product offerings, launched new private label brands, and more than doubled its retail media revenue to $4 million.
The company remains debt-free with a positive cash balance of $32.9 million, and has continued its sales momentum into FY25 with revenue up 7.0% in the first seven weeks compared to the previous year.
ASX Code: ABY