PMV FY26 Results Announcement and Investor Presentation

Key points

• Premier Investments reported FY26 PBT of $211.1m and NPAT of $129.2m
• Premier Retail EBIT was $175.9m, down 4.16% YoY
• Peter Alexander sales up 3.2% to $565.3m, Smiggle down 12.9% to $230.2m
• Final dividend of 36 cents per share, fully franked
• Breville investment market value at $1.08 billion

Full summary

Premier Investments Limited (ASX: PMV) reported Profit Before Tax (PBT) of $211.1 million and statutory Net Profit After Tax (NPAT) of $129.2 million for the 52 weeks ended 25 July 2026 (FY26). The result was underpinned by $175.9 million in Earnings Before Interest and Tax (EBIT) from Premier's wholly owned and operated retail brands, Peter Alexander and Smiggle (together 'Premier Retail'), as well as the equity accounted income of Premier's investment in Breville Group Limited ('Breville'). Peter Alexander delivered another record sales performance in FY26 and successfully launched its Peter's Dreamers loyalty program, attracting more than 1.4 million members within its first 10 months of operation. Smiggle sales were down 12.9% to $230.2 million, with a 13.0% reduction in store numbers to 268 stores since the start of FY25 (309 stores), reflecting the brand's continued focus on operational efficiency. The discretionary retail conditions in 2H26 were very challenging, in particular during the latter months of 2H26. Despite this backdrop, Premier remained focused on executing its growth strategies and positioning both brands for the critical Black Friday, Christmas and Back-to-School trading period ahead. The actions taken over the past six months leave both brands better placed as they enter 1H27. The Board has approved a final dividend of 36 cents per share, fully franked, bringing total FY26 dividends to 81 cents per share.