Trading Update for FY25 Year End

• Global sales revenue of $134.7m, up 2.3% on FY24
• Comparable store sales growth of 8.4%, with 10.3% in 2H FY25
• Underlying EBITDA of $6.0m to $6.5m, a strong turnaround from FY24 EBITDA loss

City Chic Collective has reported a trading update for the 52 weeks to 29 June 2025 (FY25), based on preliminary and unaudited numbers. The company reported global sales revenue of $134.7 million, up 2.3% on the prior corresponding period (PCP). This was driven by an 8.3% increase in revenue from the ANZ region, with comparable store sales growth of 8.4% and a 15.2% increase in the second half. The USA region saw a 14.9% decline in revenue, though City Chic branded product grew by 25.6%. The company expects to deliver an underlying EBITDA of between $6.0 million and $6.5 million, a significant turnaround from the $8.4 million EBITDA loss in the prior corresponding period. This reflects the impact of the company's transformation efforts, despite ongoing market volatility and macroeconomic headwinds. Trading margin improved by 3.6 percentage points to 58.9%, and the cost of doing business reduced from $96.5 million in FY24 to $84.4 million in FY25. Inventory was tightly managed, closing at $27.2 million, and the company ended the period with $8.0 million in cash and $5.0 million drawn from its $10.0 million debt facility.

The company is focused on driving revenue growth to deliver sustainable profitability, with a simplified structure and significantly lower cost base positioning it well to take advantage of more favourable market conditions when they return. The company is committed to deepening its customer relationships by listening to their feedback and delivering the products they want.