• ANZ Group Underlying NPAT of $73.2m, -12.3% vs FY24
• UK Underlying Net Loss of $11.2m
• 12 UK stores refurbished and rebranded, with 58% gross margin in May/June

Nick Scali Limited ('the Group') (ASX: NCK) reported its results for the full year ended 30 June 2025. The Australia and New Zealand Group ('ANZ Group') delivered an Underlying1 net profit after tax of $73.2m, down 12.3% compared to FY24. ANZ Group written sales orders were $459.9m, up 2.8% compared to FY24, with stronger performance in the second half. Online sales continued to grow, up 21.8% to $42.4m. The UK business reported an Underlying1 net loss after tax of $11.2m, impacted by store closures for refurbishment and clearance of old product ranges. However, the gross margin for the rebranded Nick Scali stores improved to 58% in May and June. The company has completed the refurbishment and rebranding of 12 UK stores, with the remaining stores expected to be completed by the end of 1H FY26. The Group declared a fully franked final dividend of 33 cents per share.

Australia and New Zealand written sales orders for July increased 7.7%, with LFL up 7.2%. Sales revenue for Q1 FY26 is expected to be up on prior year. Five new stores are confirmed for opening during the year. Losses are expected to continue in the UK until remaining stores are refurbished and individual store sales improve.