• Retail sales momentum building as customers respond positively to investment in lower shelf prices
• Dan Murphy's and BWS Q2 sales growth of 2.2%, including a record December sales month
• Hotels performing well, delivering Q2 sales growth of 4.4%, in line with Q1

Endeavour Group (ASX: EDV) has provided an update on its trading performance for the first half of the financial year ending 4 January 2026 (H1 F26). Retail sales for the 27-week period increased by 0.3% to $5.5 billion, with sales momentum improving in Q2. Dan Murphy's and BWS sales grew by 0.7% to $5.4 billion, with four consecutive months of sales growth since September reflecting the group's commitment to price leadership. Q2 combined sales for Dan Murphy's and BWS grew by 2.2%, including a record sales month in December. Specialty sales declined by 16.2%. Hotels performed well, delivering Q2 sales growth of 4.4%, in line with Q1. Group EBIT (pre significant items) is expected to be between $555 million and $566 million, with Group PBT (pre significant items) expected to be between $400 million and $411 million. The group expects to incur a net expense of approximately $45 million (pre-tax) related to significant items in its H1 F26 result, including a provision for one-off cessation costs associated with the closure of the Melbourne Liquor Distribution Centre.

Group PBT (pre Significant Items) expected to be between $400 million and $411 million for H1 F26.