• Premier NPAT up 31.1% to $338.2 million
• Successful sale of Apparel Brands to Myer, Premier now focused on Peter Alexander and Smiggle
• Dividends continue to reward shareholders with $6.96 per share distributed

Premier Investments Ltd reported a 31.1% increase in FY25 NPAT to $338.2 million, while PBT declined 14.9% to $220.3 million. The company's Continuing Operations, comprising Peter Alexander and Smiggle, delivered FY25 Underlying EBIT of $195.4 million, down 18.0% on FY24. Shortly after the end of 1H25, Premier successfully completed the sale of its Apparel Brands (Just Jeans, Jay Jays, Jacqui E, Portmans and Dotti) to Myer, resulting in an In-Specie Distribution of $1.03 billion in Myer shares plus $387.1 million in franking credits to Premier shareholders. Premier's FY25 Financial Statements include disclosures relating to Continuing Operations (Peter Alexander and Smiggle) and Discontinued Operations (Apparel Brands and Equity accounted investment in Myer). Peter Alexander delivered record sales of $548.0 million, up 7.7% on FY24, while Smiggle sales declined 10.7% to $264.2 million. Premier continues to invest in expanding the Peter Alexander brand, with 6 new stores opened and 9 existing stores relocated/expanded during FY25. Peter Alexander also launched in the UK market in November 2024. The company plans to launch a new loyalty program, 'Peter's Dreamers', in October 2025. Smiggle has a strong pipeline of product collaborations and is progressing on a new loyalty program planned for early CY2026. Premier's Board remains confident in the Group's ability to deliver, particularly in the critical second quarter of 1H26, while acknowledging the volatile retail environment.

Premier's Board remains confident in the Group's ability to deliver, particularly in the critical second quarter of 1H26, while acknowledging the volatile retail environment. The company continues to focus on delivering value for customers, maintaining inventory productivity, and driving operational efficiencies. Premier is well-positioned to capitalize on growth opportunities for its Peter Alexander and Smiggle brands, both locally and internationally.