Kogan’s sales skyrocket in third quarter

Darshana Gupta

20th May 2025

Electronics and services retailer Kogan has recorded robust sales growth in the third quarter of this year. 

Kogan’s gross sales were at $280.5 million during the quarter, up by 20.2 per cent from $233.5 million in the same quarter last year. 

The group’s gross revenue dropped 0.7 per cent due to a decline at Mighty Ape, offsetting an 8.4 per cent growth in Kogan’s website. 

Its gross profit saw a 7.3 per cent increase to $54.2 million, driven by platform-based sales, with a gross margin of 39.7 per cent. 

The company’s adjusted EBITDA declined by 37.5 per cent from $10.9 million to $6.8 million, with a 5 per cent margin. 

This was attributed to the performance of Mighty Ape and an investment in marketing to drive customer growth.