Articore Group – the parent company of Australian print-on-demand product marketplace and the TeePublic marketplace in the United States – has initiated an on-market share buy-back program.
The number of shares purchased under the buy-back will not exceed 10 per cent of issued capital, and will depend on business and market conditions, the prevailing share price, available investment opportunities and other considerations, according to Articore.
The group added that it can suspend or terminate the buy-back at any time. All shares bought back will be cancelled.
“The buy-back reflects the board’s confidence in Articore’s turnaround, improved cash generation and the long-term potential of the business,” Articore Group chair Robin Mendelson said. “We recognise a disconnect between the company’s recent share price performance and the underlying strength of the business.
“Acquiring shares at current market levels represents an effective use of capital, while our approach will remain prudent to ensure we retain the flexibility to fund ongoing growth opportunities.”
This comes amid a swing to green for Articore, with early FY26 numbers showing a 5 per cent lift in its gross profit despite a 7 per cent fall in marketplace revenue.
The group’s marketplace revenue for the first quarter of FY26 – which is total revenue minus creator revenue – dropped $5.8 million to $82 million in Q1 FY26. Despite the fall, gross profit was up, hitting $41.5 million, which helped lift the company’s profit margin by 5.7 percentage points to 50.6 per cent.