Lovisa Holdings Ltd. · ASX:LOV
Lovisa — FY2025 Earnings Presentation
20 slides from Lovisa's earnings presentation, Aug 27, 2025
Slide 1: FY25 Full Year Results
Lovisa Holdings Limited FY25 FULL YEAR RESULTS JOHN CHESTON GLOBAL CHIEF EXECUTIVE OFFICER CHRIS LAUDER GROUP CHIEF FINANCIAL OFFICER
Slide 2: Forward-looking statements disclaimer
Some of the information contained in this presentation contains “forward-looking statements” which may not directly or exclusively relate to historical facts. These forward-looking statements reflect the current intentions, plans, expectations, assumptions and beliefs about future events of Lovisa H
Slide 3: Contents
CONTENTS 1. FULL YEAR OVERVIEW 2. FINANCIAL OVERVIEW 3. TRADING PERFORMANCE – SALES & GROSS MARGIN 4. EARNINGS 5. CASHFLOW & BALANCE SHEET 6. STORE GROWTH 7. STRATEGY RECAP 8. TRADING UPDATE 9. SUMMARY 10. APPENDICES 3
Slide 4: FY25 Full Year Overview
FY25 FULL YEAR OVERVIEW • Total sales up 14.2% on prior year reflecting continued • Improved rollout trajectory in H2 after slower first half growth in the store network • 4 new markets for the period and presence in over 50 • Global comparable store sales for the year up 1.7% markets at the end of
Slide 5: Financial Overview
FINANCIAL OVERVIEW ($000) FY25 FY24 Variance Profit growth continues • Revenue up 14.2% on FY24 with comparable store Revenue 798,133 698,664 14.2% sales up 1.7% for the year Gross profit 654,670 565,790 15.7% • Gross Margin % again strong at 82.0%, up 100bps • CODB higher impacted by ongoing invest
Slide 6: Trading Performance – Sales
TRADING PERFORMANCE – SALES Improved sales momentum TOTAL SALES (A$M) $800 • Global Sales Revenue up 14.2% to $798m, with continued store $700 $600 Sales ($AUDm) network growth driving this outcome $500 • Return to positive comp sales trajectory with improved second $400 $798 $699 half delivering +1
Slide 7: Trading Performance – Gross Margin
TRADING PERFORMANCE – GROSS MARGIN Continued strong Gross Margin result Historical Gross Margins 80.0% • Gross profit increased 15.7% to $654.7m 75.0% • Gross Margin was again strong up 100 basis points to 82.0% 70.0% • Gross Margin growth delivered on top of the 110 basis 82.0% 65.0% 80.5% 79.9% 81
Slide 8: Earnings
EARNINGS Earnings growth maintained $150.0 EBIT GROWTH $m $125.0 • EBIT up 8.2% to $138.7m, NPAT up 4.8% to $86.3m $100.0 • CODB higher due to growth in the store network, however offset $75.0 $138.7 $128.2 by CEO LTI expense lower at $2.1m (including CEO sign-on) $50.0 $105.7 compared to $11.9m in
Slide 9: Cash Flow
CASH FLOW Continued strong cash generation (A$000s) FY25 FY24 Cash from operating activities 243,284 240,405 • Cash flow from operating activities $243m, with working Net interest paid (20,517) (17,585) capital continuing to be well managed Tax paid (14,854) (35,306) • Reduction in tax paid due to r
Slide 10: Balance Sheet
BALANCE SHEET Balance Sheet remains strong (A$000s) FY25 FY24 • Inventory holdings increased in line with store network growth, with Cash 42,633 30,520 Receivables 27,090 19,445 clean stock position at the end of the financial year Current Tax Receivables 3,404 11,521 • Increase in lease liabilities
Slide 11: Store Growth
STORE GROWTH Acceleration of global expansion with 162 new stores opened Store number growth Country FY25 FY24 New Stores Relocations Closures Var YOY • 162 new stores opened in the year offset by 31 Australia 182 178 9 (3) (2) 4 closures/relocations, with constant focus on keeping the New Zealand 3
Slide 12: Store Fitout Upgrade
STORE FITOUT UPGRADE • New store fitout concept ( 5th Series ) • Enhanced aesthetics and ambiance • Optimised high efficiency lighting • Refined and elevated stainless steel finishes • Store in store piercing studio - Implementing a new fun customer experience • Dynamic digital screens integration 1
Slide 13: Werribee Australia
Werribee Australia Lyovsirencns PIERCE IT ® STACK IT |CURATE IT
Slide 14: Strategy Recap
STRATEGY RECAP Our strategic plans remain in place OUR PAST OUR PRESENT OUR FUTURE We have established a global brand Continued expansion both in existing and 15 years ago we set out to develop a fast new markets with the same successful fashion jewellery concept to meet We continue to develop over
Slide 15: Trading Update
TRADING UPDATE • Trading for the first 8 weeks of FY26 saw comparable store sales for this period up 5.6%. Total sales for this period are up 28.0% on the same period in FY25. • Since the end of the financial year, we have opened 16 new stores with 6 closures/relocations, with total store count at 1
Slide 16: Summary
SUMMARY • Sales performance solid for the financial year, with growth primarily from new store rollout with improving comparable store sales through the second half to deliver 14.2% growth • 100bp improvement in Gross Margin driven by price and promotion management and strong execution on product an
Slide 17: Appendices
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Slide 18: Appendix: Non-IFRS financial information
APPENDIX 1 ASIC Regulatory Guide 230 Disclosing non-IFRS financial information In December 2011 ASIC issued Regulatory Guide 230. To comply with this Guide, Lovisa Holdings Limited is required to make a clear statement about the non-IFRS information included in the Profit announcement and presentati
Slide 19: Appendix – Profit & Loss Statement
APPENDIX 2 – PROFIT & LOSS STATEMENT ($’000) FY25 FY24 Variance Revenue 798,133 698,664 14.2% Cost of sales (143,463) (132,874) 8.0% Gross profit 654,670 565,790 15.7% Employee expenses (239,631) (206,281) 16.2% Property expenses (49,366) (41,487) 19.0% Distribution expenses (21,267) (25,398) -16.3%
Slide 20: Thank You
Luise THANK YOU