NCK FY25 4E and Annual Report

• Statutory revenue up 5.8%, underlying NPAT down 24.5%
• Dividend of 33 cents per share declared
• Expanded UK footprint with 11 new showrooms

Nick Scali Limited, a furniture retailer operating in Australia, New Zealand, and the United Kingdom, reported its financial results for the year ended 30 June 2025. The group's statutory revenue increased by 5.8% to $495.3 million, driven by a full year of revenue contribution from the UK entity, which was acquired in the prior year. However, the group's underlying net profit after tax decreased by 24.5% to $62.0 million, primarily due to one-off expenses, including restructuring costs in the UK and additional costs incurred from the failure of a freight forwarder in Australia and New Zealand. The group maintained a strong financial position, with closing cash and bank deposits of $101.0 million and net cash and bank deposits of $29.3 million. During the year, the group invested $13.6 million in property, plant, and equipment, including $4.6 million for the refurbishment of the UK store network. The group's showroom network expanded, with 11 new Nick Scali Furniture showrooms opened in the UK and one new Nick Scali Furniture showroom and one new Plush-Think Sofas showroom opened in Australia and New Zealand. The group remains focused on attracting, engaging, and retaining top talent to support its growth and deliver value to shareholders.

The group reported an underlying profit from ordinary activities after tax of $61.998 million for the financial year ended 30 June 2025.