Lovisa (LOV) H2 2025 earnings summary

Executive summary

• Revenue increased 14.2% year-over-year to $798.1m, driven by global store network expansion and 1.7% comparable store sales growth.

• EBIT rose 8.2% to $138.7m and NPAT grew 4.8% to $86.3m, reflecting solid earnings growth.

• 162 new stores opened, expanding the network to 1,031 stores across more than 50 markets.

• Final dividend of 27 cents per share declared, with full-year dividends totaling 77 cents.

• Leadership transition completed with new CEO and strengthened executive team.

Financial highlights

• Gross profit rose 15.7% to $654.7m, with gross margin improving by 100bps to 82.0%.

• EBITDA increased 11.4% to $249.0m; EPS up 2.7 cents to 78.1 cents.

• Operating cash flow reached $243.3m, supporting strong dividend payments.

• Net debt at year-end was $34.4m, with available cash facilities of $120m.

• Capital expenditure totaled $55m, primarily for new store openings.

Outlook and guidance

• First 8 weeks of FY26 show comparable store sales up 5.6% and total sales up 28.0% year-over-year.

• Store rollout momentum expected to continue, with 16 new stores opened and 6 closures since year-end.

• Continued focus on global store expansion and omnichannel investment.