Trading Update and 1H FY27 Profit Guidance

• ANZ sales down 15%, store traffic down 10%
• UK sales up 29%, like-for-like sales up 14%
• Expected Group net profit after tax $28M to $32M

Nick Scali Limited provides a trading update for the first half of FY27, noting challenging conditions in Australia and New Zealand (ANZ) with written sales orders down 15% and store traffic down 10% compared to the prior corresponding period. The UK business saw improvements with written sales orders up 29% and like-for-like sales up 14%. The company expects underlying Group net profit after tax for the six months ending 31 December 2026 to be in the range of $28 million to $32 million.

Expected underlying Group net profit after tax for 1H FY27: $28M to $32M

Nick Scali expects continued expansion of its store network in ANZ and the UK, with a focus on maintaining gross margins and disciplined cost management.