• $14.8 million underlying EBITDA turnaround in FY25
• Strong momentum in ANZ business, with 15.2% revenue growth in H2 FY25
• USA business now profitable with lower, variable cost base

City Chic Collective has delivered a substantial turnaround in its financial performance in FY25, moving from an $8.4 million underlying EBITDA loss in FY24 to a $6.4 million profit in FY25. This $14.8 million turnaround reflects the disciplined execution of the company's strategic priorities. Group revenue grew by 2.3% year-on-year, driven by strong momentum in the second half of FY25, particularly in the ANZ business, which delivered 15.2% revenue growth. The USA business also contributed profitably in FY25 after undergoing an operational transformation to a lower and more variable cost base. The company has successfully delivered $22.3 million in annualised cost reductions over the past two years and identified a further $1 million in savings targeted for FY26. City Chic Collective's strategic focus on amplifying its customer-centric approach, revitalizing its product assortments, and simplifying its business operations has been the key driver of this turnaround. The company remains cautiously optimistic about the outlook, with plans to be free cash-flow positive in FY26 and no drawn debt as at 31 December 2025.

City Chic Collective expects to have no drawn debt as at 31 December 2025 and be free cash-flow positive for FY26.

The company remains cautiously optimistic about the outlook, with plans to continue executing its strategic priorities of focusing on its high-value customer segment, elevating its product assortment, and simplifying its business to drive down costs. The company is confident in the significant, untapped potential of the United States market and is ready to increase its presence there when conditions allow.