• Total sales expected to be $137m-$139m
• Gross profit % expected to be 50-100 bps lower than FY24
• Underlying EBIT expected to be $7m-$8m

Dusk Group Limited (ASX: DSK) has provided a trading update for its expected FY25 results. The company expects total sales to finalise at approximately $137m-$139m, up from $126.7m in FY24. Gross profit percentage is expected to be 50-100 basis points lower than the 64.3% achieved in FY24. Underlying EBIT is expected to finalise in the range of $7m-$8m, up from $6.2m in FY24. Net inventory is expected to be $15m-$17m at the end of the period, compared to $15.5m at the end of FY24. The company is also expecting net cash of $18m-$20m at the end of FY25, down from $20.8m at the end of FY24. Dusk continues to implement its product-led turnaround strategy, achieving ongoing sales and EBIT growth year-on-year as it drives new customer acquisition and expands into new product categories. The recent Mother's Day week highlighted Dusk's importance as a gifting destination, delivering year-on-year growth.

Total sales expected to be $137m-$139m, gross profit margin 50-100 bps lower than FY24, and underlying EBIT expected to be $7m-$8m.

Dusk is excited by the improvements it is planning for FY26, as it delivers refreshed core product ranges, exciting seasonal and fashion products, and further category expansion. The company remains in a strong financial position.