KMD Brands (ASX:KMD, NZE:KMD) expects fiscal first-half underlying earnings before interest, tax, depreciation, and amortization (EBITDA) between NZ$8 million and NZ$11 million, compared to NZ$3.9 million a year ago, according to a Monday Australian and New Zealand bourse filing.

The company's year-on-year group sales grew 7.9% year to date in fiscal 2026.

The company has extended its existing debt facility term to April 2027 and has adjusted the fixed cover charge ratio for July 2026 and January 2027 measurement periods with no restrictions in place, as part of its long-term refinance plan.

KMD has also reduced its total syndicated bank facilities to approximately NZ$283 million, and it expects to comply with all amended covenants at the January 2026 measurement point and is in discussions with lenders on the refinancing of its long-term debt facilities.

The group expects net debt at Jan. 31 to be in the range of NZ$85 million to NZ$90 million, compared to the first half fiscsl 2025 net debt of NZ$76.2 million, impacted by the weakening of the New Zealand dollar year-on-year.

The company's New Zealand shares rose 4% in recent Monday trade.