• Underlying profit after tax FY25 of $62.0m
• ANZ Group revenue of $453.5m, UK revenue of $41.8m
• ANZ Group gross margin of 65.0%, UK gross margin of 47.1%

Nick Scali Ltd reported its FY25 results, with the ANZ Group delivering an underlying profit after tax of $62.0m. The ANZ Group saw revenue of $453.5m, a 1.4% decrease compared to FY24, while the UK operations generated revenue of $41.8m. The ANZ Group gross margin was 65.0%, while the UK gross margin improved to 47.1%. The company continued to invest in its store network, with 11 UK stores rebranded as Nick Scali and a new store opened in Artarmon, NSW. The UK operations faced ongoing challenges, including disruption from store refurbishments and poor performance of the Fabb branded stores. The company is focused on completing the remaining UK store refurbishments and improving sales to reach profitability in the UK. The group ended the year with cash and bank deposits of $101.0m and net cash of $29.3m.

The company expects sales revenue for the first quarter of FY26 to be up on the prior year. A further 5 new stores are confirmed for opening during the year, with additional opportunities currently being reviewed.

The company expects losses to continue in the UK until the remaining stores are refurbished and individual store sales improve. In the ANZ market, written sales for July 2025 increased by 7.7%, with like-for-like written sales up 7.2%.