• Total revenue growth of 2.6% on prior corresponding period
• ANZ revenue up 10.0% on prior corresponding period
• USA revenue down 21.1% but ahead of plan

City Chic Collective Ltd (ASX: CCX) has provided a trading update for the 18-weeks to 2 November 2025, based on preliminary and unaudited results. The company has reported continued positive momentum, driven primarily by a strong performance in the ANZ business, which is up 10.0% on the prior corresponding period (PCP). Despite planning for lower sales due to tariff uncertainty, the USA business has traded ahead of expectations and remained profitable after being restructured to a largely variable cost base. Total revenue grew by 2.6% on PCP, with ANZ revenue up 10.0% and USA revenue down 21.1% but still ahead of plan. Gross margin percentage remains in line with expectations, and the company's total cash balance stands at $9.5 million, with $5 million undrawn on its debt facility. The company is on track to be operating cash flow positive in FY26. The product development process has been overhauled, with a focus on higher quality and margin products, and the company has opened two new stores under a refreshed store concept. In the USA, the summer product has performed ahead of expectations, and the company is taking a cautiously optimistic view of trading conditions for next summer.

The company is encouraged by the resilience of its direct-to-consumer channels in the USA, and management continues to monitor the US trading environment, which is showing increasing stability and positive outlook for trade agreements. The next 8 weeks are crucial to the half-year result, and the company is well-positioned to deliver on its plan with improved product in market and the sell-through achieved to date.