a.k.a. Brands Holding Corp 2025年度报告

As we look to 2026, we plan to maintain ourmomentum and expect to deliver on our financialtargets through the following strategies: To Our Stockholders: 2025 was a year of continued growth and meaningfulprogress for a.k.a. Brands. We delivered another year ofnet sales growth, strengthened the operationalfoundation of our business, and entered 2026 with solidmomentum. Despite a dynamic trade environment, ourteams executed with discipline and agility, and we areconfident that our brands and flexible business modelare well-positioned to deliver accelerating growth andexpanding profitability over the near and long term. Attract and retain customers through exclusive,trend-driven products and innovative marketing.Ourbrands are still early in their journeys, with significantgrowth opportunities ahead. We will continue to evolveour test-and-repeat merchandising model, deliverweekly newness to customers, and leveragedifferentiated strategies across social and digitalplatforms to deepen our direct relationships withexisting and new customers. Key Achievements: Expand our market reach through omnichannelinitiatives, including stores, wholesale, andmarketplaces.We remain committed to showing up In 2025, we achieved significant milestones across thecompany, including: for customers wherever they choose to shop. PrincessPolly will continue expanding its U.S. retail footprint andwill unlock distribution in the U.K. this year, establishingthe foundation for international growth. Culture Kingsis actively pursuing its next U.S. store location, buildingon the learnings from our Brisbane format. Petal & Pupwill add Dillard's, Von Maur, and select independentboutiques to its growing wholesale network. •Consecutive Net Sales Growth:We grew net sales4% to $600.2 million, with U.S. net sales up 7% to$394.3 million, now representing 66% of theportfolio. On a two-year stack, the U.S. grew 25%,reinforcing our conviction in the long-termopportunity ahead. •Gross Margin Expansion:We delivered 30 basispoints of gross margin expansion to 57%, despitesignificant tariff headwinds, demonstrating thestrength of our merchandising discipline andsupply chain actions. Streamline our operations and leverage technologyto drive efficiencies and margin expansion.We areactively embedding artificial intelligence across theorganization, including in product imagery, marketingproductivity, and inventory optimization. Our flexible,asset-light technology stack allows us to test and scalesolutions quickly across the platform. We expect AI tobe a meaningful driver of demand generation andmargin expansion in the coming years, and we arescaling these initiatives with discipline and speed. •Supply Chain Transformation:We substantiallycompleted a comprehensive diversification of oursourcing network, strengthening our flexibility andoperational resilience to navigate the evolving tradeenvironment. •Expansion of Physical Retail:Princess Pollyopened seven new U.S. stores in 2025 and launchedits first international location in Bondi Beach,Sydney, Australia bringing its global store count to14, with eight additional U.S. leases already signedheading into 2026. In closing, the progress we made in 2025 isencouraging and we are energized by what lies ahead.The work we have done to strengthen our foundationpositions us well and gives us confidence that 2026represents an inflection point for the company. Ourstrategic initiatives will deliver continued growth andexpanding profitability over the near and long term,and we are steadfast in our mission to create the nextgeneration of fashion for the next generation ofconsumers. •Wholesale Growth:Our wholesale businesscontinued to perform well across the portfolio, withboth Princess Polly and Petal & Pup exceedingexpectations at Nordstrom, and Petal & Pupexpanding to Nuuly, Nykaa Fashion, and DavidJones. Thank you for your continued support and dedication.Sincerely, •Debt Refinancing:We successfully refinanced ourdebt facility in October 2025, extending thematurity to 2028 and strengthening our financialfoundation as we execute on our growth plans. •Inventory Discipline:We ended the year withinventory down 10% year-over-year, reflecting ourcontinued commitment to disciplined inventorymanagement and improved product turns acrossthe portfolio. Ciaran LongChief Executive Officer a.k.a. Brands Holding Corp. (Exact name of registrant as specified in its charter)__________________________________________________________________________________________________ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”).Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to