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Why Did Kogan.com Slash $46.3M Off Mighty Ape’s Value?
9:59am on Monday 18th of August, 2025 AEST
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Retail
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Why Did Kogan.com Slash $46.3M Off Mighty Ape’s Value?
9:59am on Monday 18th of August, 2025 AEST
Key Points
One-off $46.3 million goodwill impairment on Mighty Ape acquisition
Impairment driven by slower recovery from 2024 website upgrade issues
Challenging New Zealand retail environment impacting performance
Non-cash charge does not affect Adjusted EBITDA
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