• 90% of Breville's products manufactured in China
• Diversifying manufacturing base to Mexico, Indonesia and Cambodia
• No material impact on FY25 results, reiterates FY25 guidance

Breville Group Limited has announced that the United States has introduced a range of new tariffs on products manufactured outside the US. Breville currently manufactures approximately 90% of its products, by value, in China, with the rest coming from the EU, Mexico and Taiwan. The company sells approximately 45% of its products into the United States. Breville is well progressed on a project to diversify its manufacturing base, with the initial target locations being Mexico, Indonesia and Cambodia. This project may adjust as facts on the ground evolve, but the company will benefit from added geographic diversification in its manufacturing base. Breville does not anticipate any material impact from the tariffs announced today on its FY25 result and reiterates its FY25 guidance for EBIT growth of between 5% and 10%. However, subject to the current uncertainty and fluidity in the economic environment, US tariff implementation and iteration, coupled with any country-specific responses, it is likely that the Group's input costs will increase for FY26. The company will continue to make tactical adjustments, where appropriate, to lessen the potential short-term impacts from any new tariffs. Breville's long-term approach to delivering sustainable profitable growth across all markets, as well as a geographically diversified manufacturing base, remains unchanged.

Breville reiterates its FY25 guidance for EBIT growth of between 5% and 10%.

Subject to the current uncertainty and fluidity in the economic environment, US tariff implementation and iteration, coupled with any country-specific responses, it is likely that the Group's input costs will increase for FY26.