FY25 Results and Trading Update
| Stock | City Chic Collective Ltd (CCX.ASX) |
|---|---|
| Release Time | 28 Aug 2025, 8:13 a.m. |
| Price Sensitive | Yes |
City Chic Collective Ltd Reports FY25 Results and Trading Update
- Global sales revenue of $134.7m, up 2.3% on FY24
- Underlying EBITDA of $6.4m, a strong turnaround from EBITDA loss in FY24
- Trading Margin up 3.5 percentage points to 59.7%
City Chic Collective Ltd (ASX: CCX) has announced its financial results for the full year ended 29 June 2025 (FY25). The company delivered a $15 million turnaround to positive EBITDA of $6.4 million, against a tough macro backdrop, validating the strength of its strategy and the dedication of its team. Global sales revenue grew 2.3% to $134.7 million, driven by continued momentum in ANZ, where sales climbed 8.3% for the full year and 15.2% in the second half. In the USA, City Chic-branded sales advanced 25.6%, despite ongoing market volatility and tariff headwinds. Trading gross margin improved by 3.5 percentage points to 59.7%, reflecting the success of the company's refreshed product ranges and disciplined cost management, which reduced the cost of doing business by 14% to 54% of sales. The company ended the period with $8.0 million in cash and $5.0 million undrawn from its debt facility. Looking ahead, the positive momentum has continued into the first 8 weeks of FY26, with revenue ahead of plan in both ANZ and the USA. City Chic expects to further reduce its fixed cost base, grow comparative sales through its product strategy, and expand its store network with 6-8 new stores planned for FY26.
In FY26, City Chic expects to further reduce its fixed cost base by $1.0m and achieve $0.7m in annualised cost savings. The business is on track to be operating cash flow positive in FY26.
City Chic expects economic conditions in ANZ to improve, with consumer confidence at a 3-year high. It expects to continue growing comparative sales through further execution of its product strategy, increased customer frequency and growing its target customer base through focused advertising. It also expects to further grow its sales volumes through new store openings, with a further 6-8 new stores planned, its 'Store to Door' initiative and Myer and Belk being onboarded as partners in 1H FY26.