Australian designer label Camilla has reported a fall in its profit after tax in FY25 despite a 2 per cent bump up in the brand’s total revenue to $138.15 million.
This comes from Camilla’s FY25 accounts filed on ASIC and obtained by Ragtrader.
The accounts show rises in occupancy, employee benefits, digital marketing and depreciation and amortisation costs during the period, offset by drops in travel and accommodation expenses and consulting expenses.
Following expenses, the brand’s operating profit was $989,970, down from $4.969 million in FY24, with Camilla’s profit for the period $444,522, down from $4.146 million in FY24.
For FY25, Camilla paid a total dividend of $2.66 million, similar to FY24.
Alongside these account figures, the Australian Financial Review reported that Camilla was forced to pay back at least $5.4 million in taxes and penalties and restate its financial accounts after a review by Australian authorities and “issues with sales duties in the United States”.
This also led to the brand to drop its long-time auditor PwC and replace them with KPMG.
Founded by Camilla Franks in 2004, the brand currently has 33 stores across Australia and the United States. Three years ago, Camilla scored investment from Tattarang – the company that owns R.M.Williams.
Camilla is also believed to be impacted by the collapse of Saks Global in the US, a department store which stocks around 44 Australian labels.
Ragtrader has reached out to Camilla for comment.