• Q4 US trading impacted by reduced consumer demand and tariff effects
• Australia/NZ and developing markets performing in line with expectations
• Manufacturing diversification strategy progressing well

Gale Pacific Limited, a leading global marketer and manufacturer of branded screening and shading products, has provided a trading update. In the US market, Q4 trading is expected to be impacted by reduced consumer demand through retail partners as a result of new tariff levels introduced on 2 April 2025. However, the company's existing US inventory is not affected by these tariffs. US retail partners are adopting a cautious approach to replenishing inventory, and tariff-related price negotiations with US customers are ongoing. In contrast, performance in Australia, New Zealand, and developing markets, especially the Middle East, remains in line with expectations. The company's strategy to diversify its manufacturing footprint outside of China is progressing well. Due to the uncertainty in the US market, the company is revising its full-year EBITDA guidance to be between $10 million and $12 million, down from the previous guidance of $18 million to $20 million.

Revised full-year EBITDA guidance between $10 million and $12 million.

The company is actively exploring opportunities to diversify its manufacturing footprint across Asia in response to the US-China trade dispute.