City Chic Collective (CCX) investor relations material

Executive summary

• Underlying EBITDA rose 92% to AUD 12.3 million, driven by higher gross margin, disciplined cost management, and strategic execution in customer, product, and cost discipline.

• Global sales reached AUD 130.5 million for FY26, with ANZ revenue up 7.6% and USA revenue down 42.1% due to deliberate inventory reduction and tariff uncertainty.

• Statutory NPAT from continuing operations was a loss of AUD 6.6 million, improving 26% from FY25.

• Record 517,000 active customers, up 3% year-over-year, with NPS of 76 and strong customer engagement.

• U.S.A. operations remained profitable at a contribution level, with a reset completed and new product driving sales.

Financial highlights

• Trading gross margin improved to 60.6%, up 209 basis points year-over-year, progressing toward a 62% target.

• Underlying Cost of Doing Business reduced by AUD 7.1 million, with operational marketing costs down nearly 25% and wages down 5.5%.

• Net cash position increased to AUD 5.2 million at year-end, up 75% from June 2025, with all borrowings repaid and a AUD 10 million debt facility undrawn and extended to March 2028.

• Positive cash flow of AUD 2.2 million was delivered for the period.

• Inventory reduced by more than 11% to AUD 24.1 million, reflecting disciplined management and lower U.S.A. inventory investment.

Outlook and guidance

• Early FY27 trading shows flat overall ANZ sales, but store comp sales up 11.4% and gross margin expansion ongoing.

• U.S.A. expected to see material improvement in revenue and margin as inventory and new product investments take effect in H1 FY27.

• Focus remains on profitable revenue growth, leveraging strengthened product, brand, and a simplified business model.

• Product assortment evolution and targeted customer acquisition are key priorities in ANZ.

• U.S.A. strategy centers on scaling growth in key dress categories and disciplined inventory investment.