Endeavour Group (EDV) Trading Update summary

Leadership changes

• Executive Chairman Ari Mervis resigned effective 3 August 2025 due to disagreements with the Board.

• Lead Independent Director Duncan Makeig becomes interim Chair and will lead the search for a new independent Chair.

• Kate Beattie, previously CFO, is appointed interim CEO until Jayne Hrdlicka starts on 1 January 2026.

• Jayne Hrdlicka is consulting on a strategy refresh ahead of her official start.

• Tali Ross will serve as interim CFO during this transition.

Financial and trading update

• FY25 group sales are expected to reach $12.06 billion.

• Statutory net profit after tax for FY25 is projected between $420 million and $425 million.

• Results include one-off items such as restructuring, redundancy costs, and an impairment from the Prowine bottling facility closure.

• Solid cashflow and disciplined capital management have reduced net debt.

• Full year results will be released on 25 August 2025.

Board and strategy initiatives

• The Board is conducting a comprehensive search for new Non-Executive Directors and a permanent Chair.

• A strategy refresh is underway, examining performance and execution across all business units to maximize shareholder value.

• Jayne Hrdlicka is contributing to the strategy refresh two days a week until her start date.

• The Board acknowledges Ari Mervis's service and the company's unique asset base and opportunities.