Global Fashion Group (GFG) Corporate presentation summary

Market position and scale

• Operates as a leading fashion and lifestyle e-commerce destination across ANZ, LATAM, and SEA, serving a target population of 215 million with 7 million active customers as of June 2026.

• Net Merchandise Value (NMV) exceeds €1 billion, with 69% of NMV transacted via mobile apps and an average order value of €63.

• Holds a unique position as the only local multi-brand platform of scale in its markets, competing with both offline department stores and global online players.

Business model and operations

• Utilizes three flexible business models: Retail (60% of NMV), Marketplace (40% of NMV), and Platform Services (4% of revenue), offering strong brand partnerships and operational flexibility.

• Fulfilment infrastructure supports over 30 million items shipped annually, with regional automation and local centers in Australia, Brazil, Colombia, Indonesia, Malaysia, and the Philippines.

• Return rates vary by region, with ANZ at 29%, LATAM at 11%, and SEA at 15% in 2025.

Financial performance and trajectory

• Achieved a gross margin of 47% and adjusted EBITDA of €18 million for the LTM June 2026, with normalized free cash flow improving to €(19) million.

• Regional performance: ANZ contributes 50% of NMV and €29 million EBITDA, LATAM 30% of NMV and €5 million EBITDA, SEA 20% of NMV and €5 million EBITDA.

• Cost base reduced by €106 million since 2022, with inventory reduced by 43% and aged inventory down to 14%.