• Total Sales up 23.3% on prior half year with Lovisa underlying Total Sales up 22.7%
• Lovisa Underlying Gross Margin up 50bps to 82.9%
• Reported EBIT up 8.9% to $98.3m, Underlying EBIT up 20.4% to $109.1m

Lovisa Holdings Ltd reported strong financial results for the 1H FY26, with total sales up 23.3% on the prior half year reflecting continued growth in the store network. Lovisa's underlying total sales were up 22.7%, with global comparable store sales for the half year up 2.2%. The company's underlying gross margin was again a highlight, up 50bps on the prior half year to 82.9%. Lovisa continued to invest in growing the global business, with 85 new stores opened during the period, offset by 21 closures/relocations. Reported EBIT was up 8.9% to $98.3m, with Lovisa's underlying EBIT up 20.4% to $109.1m. Reported NPAT was up 2.6% to $58.4m, reflecting 21.5% underlying growth from Lovisa stores offset by the investment in the start-up phase of the Jewells business. The company's balance sheet remains strong, with net cash of $12.0m at period end and committed debt facilities of $120m available to support ongoing growth. Lovisa declared an interim dividend of 53 cents per share, up 3 cents on the prior period.

Lovisa provided a trading update for the first 7 weeks of the second half, with total sales up 21.5% and comparable store sales up 1.6% compared to the same period in FY25.

Lovisa continues to focus on opportunities for expanding both its physical and digital store network, with structures in place to drive this growth in existing and new markets and formats. The company expects store rollout momentum to continue, supported by its strong balance sheet and available cash and debt facilities.