• Sales of $209.6 million (+14.2% vs pcp), driven by strong performance across US, PS and CTC
• Underlying EBIT of $43.6 million, up 23.2% vs pcp
• Gross profit margin expanded 150bps to 62.1%

Universal Store Holdings Ltd delivered a strong H1 FY26 result, with Group sales increasing 14.2% to $209.6 million and underlying EBIT up 23.2% to $43.6 million. The US business recorded sales of $174.8 million, up 11.9% on the prior corresponding period (pcp) with like-for-like (LFL) sales growth of 8.7%. The Perfect Stranger (PS) retail format continued its expansion, with sales of $17.8 million (+41.5% vs pcp) and LFL sales growth of 14.8%. The CTC business also contributed, with sales of $23.2 million (+4.8% vs pcp) and LFL retail sales growth of 9.5%. The Group's gross profit margin expanded 150bps to 62.1%, reflecting strong private brand and third-party assortment performance, disciplined inventory management and price optimisation. Costs of doing business increased 50bps to 31.4% of sales, driven by wage inflation, team and system investments to support future growth. The Group's balance sheet remained strong, with $38.4 million in cash and no borrowings. Eight new stores were opened in H1 FY26, taking the total network to 118 stores at 31 December 2025.

The Group did not provide any high-importance, price-sensitive forward-looking financial guidance.

The Group did not provide any forward-looking outlook statements.