Kathmandu owner KMD Brands has called for another pause in trading, as the company scrambles to raise funds ahead of its long-delayed earnings update.

First announced on March 25 – the original release date of its half-year results – KMD Brands entered the voluntary trading suspension before releasing its results on Monday, March 30.

However, on March 30, KMD Brands once again called for a delay.

“KMD intends to launch a capital raise, and finalise terms for a refinancing of its existing bank facilities, in conjunction with the release of its financial results for the half year ended January 31,” the company said in its latest update to the NZX and ASX.

“KMD is not presently in a position to make an announcement regarding the capital raise and refinance, as the final details, including pricing, are still being determined.”

These changes come after the group appointed Goldman Sachs to assist in a recapitalisation on March 16.

“In order for the directors to approve the HY26 results, and KMD’s auditors to complete their review of the HY26 results, the final details of the refinance and the capital raise will need to be confirmed,” KMD added.

The suspension is expected to be lifted by market open on March 31.