Clicks Group (CLS) Trading update summary

Group performance

• Group turnover rose 7.4% to R19.5 billion for the first 20 weeks of the 2026 financial year compared to the prior period.

• Retail sales increased by 6.0%, with comparable store sales up 3.7% and selling price inflation averaging 2.4%.

• Pharmacy turnover grew 9.0%, driven by strong demand, record Black Friday sales, and robust Christmas gifting sales.

• Distribution turnover increased by 11.4%, supported by higher purchasing compliance and more pharmacy openings.

Operational highlights and challenges

• Retail turnover was affected by aggressive competitor discounting and a warehouse management system delay in Cape Town, impacting sales by approximately R120 million.

• Product availability in the Western Cape has improved and is expected to reach targets by February 2026.

• UPD's notional turnover for bulk agency distribution clients declined 20.2% due to non-renewal of two contracts, resulting in a 0.2% decrease in total managed turnover.

Financial reporting and outlook

• Interim results for the six months to 28 February 2026 are expected to be released on or about 23 April 2026.

• Financial information in this update has not been reviewed or audited by independent auditors.