• Successful execution of business rejuvenation with strong sales and earnings growth in FY25
• Continued momentum in FY26 with new product ranges, brand refresh, and store concept trial
• Trading update shows positive sales trends, with new 'AfterGlow' store format performing well

dusk Group Limited (ASX: DSK) presented its 2025 AGM update, showcasing the successful execution of the first phase of its business rejuvenation strategy. In FY25, the company delivered strong sales and earnings growth, with total sales of $137.8 million (+8.7%), like-for-like sales growth of 7.1%, and a 22.9% increase in underlying EBIT to $7.7 million. The company also made significant progress in laying the foundations for long-term performance improvement, including talent renewal, customer base expansion, product rejuvenation, and enhancing its omni-channel experience. Looking ahead, dusk's rejuvenation efforts will continue in FY26 and beyond, with plans to further contemporize the brand, expand its product range, and roll out the new 'AfterGlow' store concept. The trading update for the first 16 weeks of FY26 showed positive momentum, with total sales growth of 13.3% and the 'AfterGlow' concept performing above internal expectations. The company is well-prepared for the upcoming peak trading period and plans to expand its pop-up store locations to drive brand awareness and customer acquisition.The presentation also covered the formal business of the AGM, including the re-election of director Katherine Ostin, the adoption of the Remuneration Report, and the approval of performance rights for the CEO and Managing Director, Vlad Yakubson.

For 1H FY26, dusk expects to open 4 new stores and close 1 store, and in 2H FY26, open 2 stores and close 7 underperforming stores. Gross margin is in line with internal expectations.

dusk's rejuvenation strategy is aimed at accelerating sales growth, engaging existing and new customers, growing the business outside seasonal peaks, and improving its fitness for potential international expansion. The company is encouraged by the initial results of the 'AfterGlow' store concept trial and plans to accelerate the rollout of the new format to its top stores pending the performance over the Christmas period.