Truworths International (TRU) investor relations material

Group trading

• Group retail sales fell 4.3% to R6.5bn in the first 17 weeks of FY27 as consumer spending remained under pressure in South Africa and the UK.

• Office UK sales translation reflected an average exchange rate of R21.92/£ versus R23.63/£ in the prior period.

• Lower promotional activity supported Truworths Africa’s Rand gross profit, which was in line YoY, and Office UK’s Sterling gross profit, which increased ~2%.

• Group account sales were broadly unchanged and represented 46% of retail sales versus 44% prior; cash sales fell 7.5%, while the balance sheet remained strong and cash generation resilient.

Truworths Africa

• Retail sales fell 2.7% to R4.1bn; account sales declined 0.2% and represented 73% of segment sales versus 71% prior, while cash sales fell 8.6%.

• Online sales rose 16.9% and reached 10% of segment sales versus 8% prior.

• Gross active trade receivables grew 2.2% to R6.2bn at FY27 Q1; overdue balances remained 16%, 79% of active account holders could purchase versus 80% prior, and active accounts fell 0.5%.

Office UK

• Retail sales rose 0.3% to £106.8m in Sterling but fell 6.9% to R2.3bn in Rand terms, reflecting the stronger Rand.

• Online sales fell 6.0% in Sterling amid lower promotions and represented 40% of segment sales versus 43% prior.