• Nuchev enters into distribution agreement with H&S to support margin expansion and scalable growth
• Strengthens Nuchev's portfolio of growth brands including Brauer, Skin Physics and Rapid Loss
• Transition to distribution model improves margins, increases operating leverage, and enhances brand execution

Nuchev Limited (ASX:NUC) has entered into a distribution agreement with H&S Global (Au) Pty Ltd (ACN 621 762 285) (H&S), marking the next phase of the Company's commercial partnership and expanding Nuchev's role across the Brauer, Skin Physics and Rapid Loss brands. The move to a distribution model provides Nuchev with greater control over brand execution, pricing and market development, while improving margins and enabling operating leverage as scale builds. The agreement aligns with Nuchev's strategy to scale its brand portfolio across growing the health, wellness and beauty categories and build operating scale to support its pathway to profitability. The agreement expands Nuchev's commercial role across three established and growing brands: Brauer - a trusted practitioner and retail wellness brand with strong heritage and brand recognition; Skin Physics - a science-led beauty brand positioned in high-growth skin health categories; and Rapid Loss - a performance nutrition and weight management brand with strong consumer demand. Transitioning to a distribution model strengthens Nuchev's commercial platform and supports the Company's strategy to deliver sustainable, profitable growth. Key strategic benefits include improved margins across the brand portfolio, increased operating leverage as volumes scale, stronger control over brand execution and market performance, enhanced alignment between sales growth and earnings growth, and a scalable platform to support future expansion. Under the distribution model, Nuchev will record gross sales and assume responsibility for inventory and receivables associated with the brands. Implementation will occur rapidly and in a structured manner to ensure continuity of supply and customer service.

The transition to a distribution model is expected to improve margins, increase operating leverage as volumes scale, and enhance Nuchev's control over brand execution and market performance. This strategic move supports the company's pathway to profitability and positions it for sustainable, profitable growth.