• Premier Retail Sales of $812.2 million, up 0.9% on FY24
• Premier Retail Underlying EBIT margin of 24.1%
• Approved final fully franked FY25 ordinary dividend of 50 cps

Premier Investments Limited ('Premier' or 'the Group') today released results for the 52 weeks ended 26 July 2025 (FY25). Premier delivered Statutory Net Profit After Tax (NPAT) of $338.2 million, up 31.1% on FY24. The statutory result includes the results of the continuing operations of Premier Retail (comprising Peter Alexander and Smiggle), Premier's equity accounted investment in Breville Group Limited, the results of the discontinued operations (Apparel Brands and equity accounted investment in Myer) for the first half of FY25, net profit on the disposal of the discontinued operations, and significant one-off expenses and transaction costs associated with the sale of Apparel Brands. Premier Retail delivered Profit Before Tax (PBT) (excluding significant items) of $220.3 million (down 14.9%) from its continuing operations in FY25. Premier Retail's sales of $812.2 million (excluding Peter Alexander UK) were up 0.9% on FY24, with Peter Alexander delivering record sales of $548.0 million, up 7.7% on FY24, while Smiggle global sales were down 10.7% to $264.2 million. Premier Retail maintained a strong underlying EBIT margin of 24.1%. The Group completed the sale of the Apparel Brands business to Myer on 26 January 2025 and no longer holds any interest in Myer shares. Premier maintains a strong balance sheet with an investment in Breville valued at $1.17 billion and cash on hand of $333.3 million. The Board has approved a final fully franked FY25 ordinary dividend of 50 cents per share.

Premier Retail is commencing FY26 with a clean inventory position. The improving 2H25 momentum has continued into the first 6 weeks of 1H26, with Peter Alexander sales up 9.2% and Smiggle sales down 4.0% on the prior comparable period.

Premier continues to focus on leveraging growth in existing markets and expanding the reach of both Peter Alexander and Smiggle brands in new international markets over the coming years. The Board remains confident of the Group's ability to deliver, especially during the critical second quarter of 1H26, while acknowledging the volatile retail environment across all markets.