• Reset multi-brand Retail strategy to grow revenue
• Unlock growth potential in Hotels through simplification
• Simplify operations and reduce costs for improved returns
• Targeting $300 million in cost savings by F29
• Revised dividend policy to 50-75% of underlying NPAT

Endeavour Group Ltd. has announced a strategic update designed to drive differentiated revenue growth, improve operational efficiency, and deliver long-term shareholder returns. The strategy includes resetting the multi-brand retail strategy, unlocking growth potential in hotels, and simplifying operations to reduce costs. The company targets $300 million in cost savings by financial year 2029, including $100 million in financial year 2027. The Group also revised its dividend policy to maintain a payout ratio between 50% and 75% of Group underlying Net Profit After Tax. CEO Jayne Hrdlicka emphasized the importance of customer value, targeted hotel investment, cost discipline, and a simplified asset base to realize the Group's growth potential.

Targeting $300 million in cost savings by F29

The company is confident that executing this strategy will strengthen its competitiveness and create sustainable long-term value for shareholders.