Foschini Group Limited · JSE:TFG
Foschini — The Foschini Group Limited (TFG) — H1 FY2026 Earnings Presentation
73 slides from Foschini's earnings presentation, Nov 6, 2025
Slide 1: TFG Results Presentation
TFG RESULTS PRESENTATION For the half-year ended 30 September 2025 1
Slide 2: Agenda
Agenda 01 Overview and Highlights 02 Group Financial Review 03 Segmental Performance 04 Strategy and Outlook 2
Slide 3: Overview and Highlights
01 OVERVIEW AND HIGHLIGHTS Anthony Thunström Group CEO 3
Slide 4: Today's key take-aways
Today’s key take-aways • Its been tougher for longer across our regions • We were surprised by the inconsistent trade • June and September downturns were dramatic • Inevitable margin pressure as a result • Maintained RLC market share • Adopting a cautious approach to H2 TFG Results Presentation – fo
Slide 5: Group performance
Group performance • Top line driven by Africa growth and the inclusion Revenue +12.2% Gross Profit +12.3% of White Stuff R31.4bn R14.4bn • Macros and trading environment continue to Gross weigh on all territories Revenue (ex acq) +3.7% Profit (ex acq) +1.0% • Maintained growth through to Gross Profi
Slide 6: Tougher for longer: macros continued to undermine retail recovery
Tougher for longer: macros continued to undermine retail recovery across regions Inflation rates (%) GDP growth rates (%) Largely unchanged: • Stubborn inflation pressure • Weak GDP momentum 9 1.2 • Depressed consumer confidence 6 0 3 -1.2 South Africa 2021 2024 2023 2024 2025 Consumer confidence SA
Slide 7: Beyond macros: consumers caught between cheap imports and costly distractions
Beyond macros: consumers caught between cheap imports and costly distractions • Shein’s transaction value is more than 30% below its Nov 2022 and Apr 2023 peaks. Average Transaction Value source: TFG Results Presentation – for the half-year ended 30 September 2025 7
Slide 8: Beyond macros: consumers caught between cheap imports and costly distractions
Beyond macros: consumers caught between cheap imports and costly distractions R10bn → R150bn Increase in bookmaker and online gambling in 5 years2 Online betting 0.72% GGR/ GDP 0.58% 0.23% 42% of South African 0.14% adults gamble monthly3 0.09% 0.08% 0.09% 0.13% 0.13% Twice as many as regularly smok
Slide 9: Strong Africa growth against subdued GDP, UK boost from White Stuff, Australia flat
Strong Africa growth against subdued GDP, UK boost from White Stuff, Australia flat TFG Africa Gross Operating Revenue +5.5% Gross Profit +3.1% Margin 41.3% profit -9.7% TFG London Gross Revenue +69.0% Gross Profit +60.2% Margin 64.1% Operating profit +9.1% TFG Australia Gross Operating Revenue -0.3
Slide 10: Understanding TFG Africa's performance
Understanding TFG Africa’s performance TFG Africa’s sales growth, FY26 H1 v FY25 H1 April May June July August September 10.8% 8.9% 8.2% 5.6% 0.2% -0.7% Easter Strong Elevated Recovery Tough shift from Winter PY GNU period from trading FY25 start base July to Sept conditions TFG Results Presentation
Slide 11: TFG Africa turnover
TFG Africa turnover Divisional performance overview Beauty Sports Turnover +23,6% GP +29,6% Turnover +4,9% GP -1,0% Cellular Turnover +3,8% TFG Africa GP +1,7% (All Africa businesses) Men Turnover +1,7% Turnover Growth GP +0,8% +5,3% Specialty Turnover: +7,0% GP Growth GP: +8,0% +3,1% Value Turnover
Slide 12: Our strategy progress
Our strategy progress TFG Results Presentation – for the half-year ended 30 September 2025 12
Slide 13: Building out – our strategic growth initiatives
Building out – our strategic growth initiatives Investing in high potential categories and locations Beauty JD Jet Volpes VALUE-ADDED SERVICES ↑ turnover ↑ turnover ↑ density ↑ turnover ↑ turnover ↑ margin ↑ share ↑ ROCE ↑ share ↑ profitability Strategy ↑ share • In 2,359 stores • 4 stores opened •
Slide 14: Optimise – QR-led execution supporting womenswear momentum
Optimise – QR-led execution supporting womenswear momentum and market-share gains Foschini and The Fix’s adoption of QR has driven stronger retail performance • Further 30 bps in H1 70% Own manufacture • AI-enablement allows for 13,3m units more in-season tradability • New capability: QR denim 100%
Slide 15: Leveraging omni-channel capability to drive growth
Leveraging omni-channel capability to drive growth Omni-sales growth by month • R450m FY26 sales target – on track • Started from zero 18 months ago 60 • 98% of sales are incremental • 75% are click-and-collect 50 40 Millions Active daily devices 30 3,294 20 Typical store sales from omni 10 1% - 3,5
Slide 16: Transform – Bash remains Number 1
Transform – Bash remains Number 1 Exceptional top-line supported by continued operational efficiencies H1 Financial outcomes Sales GP % Online R1,4bn +40% R521m +52% 5,6%→7,4% H1 Operational highlights Cancelled orders Net fulfilment Parcels <48 hours Own delivery 1,4%→0,8% -13% 31%→38% 36% as a % o
Slide 17: Group Financial Review
02 GROUP FINANCIAL REVIEW Ralph Buddle Group CFO 17
Slide 18: Group | Salient features
Group | Salient features • Tough trading conditions across Africa, UK and Australia • Costs well controlled but insufficient to avoid negative operating leverage • Depreciation higher due to investment initiatives • Finance costs from White Stuff acquisition, elevated inventory levels, new stores an
Slide 19: Group | Key metrics
Group | Key metrics +12.7% Gross +12.3% Gross 49.3% Turnover R29.2bn Profit R14.4bn Margin (H1 2025: 49.5%) EBIT 7.9% -9.9% -23.0% EBIT PBT Margin (H1 2025: 9.8%) R2.3bn R1.3bn -21.3% 13.4% Net Debt / 1.55x HEPS 292.6c ROCE (H1 2025: 14.1%) EBITDA (H1 2025: 1.18x) Excl. goodwill 12-month rolling Pre
Slide 20: Group | Turnover, Gross Profit, EBIT & EBITDA
Group | Turnover, Gross Profit, EBIT & EBITDA Negative operating leverage from subdued topline Africa London Australia % growth +5.3% +3.1% -9.7% -2.9% +69.0% +60.2% +9.1% +47.4% -0.5% -0.8% -18.4% 0.0% 19,034 362 245 235 7,866 157 3,701 88 A$’m 1,651 28 31 R’m £’m 12 H1 2026 H1 2026 H1 2026 Retail
Slide 21: TFG Africa | Sales growth
TFG Africa | Sales growth Sharp sales contractions in both June and September quarter ends Cumulative H1 2026 TFG growth: +5.3% Africa RLC growth: +5.2% TFG % growth +9.8% +0.2% +7.4% -0.7% +3.7% RLC % growth +11.2% -4.0% +5.7% +1.0% 24% 2024 GNU Recovery in July and August Tough trading School holi
Slide 22: TFG London | Sales growth
TFG London | Sales growth White Stuff: performing well, but non-comparable London 130% 69.0% 110% 61.5% 65.7% 90% 57.7% 70% 65.1% 65.9% 55.0% 50% 30% 10% -10% Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 April May June July August September October Growth Cum
Slide 23: TFG London | Sales growth (excluding White Stuff)
TFG London | Sales growth (excluding White Stuff) TFG London, excluding White Stuff, showing signs of recovery London 17% 0.5% 12% 7% 0.7% 2% 0.8% 0.2% -3% -0.8% -2.6% -8% -13% -2.5% -18% -23% Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 April May June Jul
Slide 24: TFG Australia | Sales growth
TFG Australia | Sales growth Sales gaining momentum, rate cuts fuelling optimism heading into peak trade Australia 17% 12% 7% 2% -3% -0.5% -0.9% -1.9% -3.7% -2.0% -8% -2.8% -8.6% -13% -18% -23% Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 April May June Ju
Slide 25: Group | Cash Flow
Group | Cash Flow White Stuff on London balance sheet, with associated cash flows; share buy back cash flows planned and initiated in September H1 2026 2,715 R456m share R’m buyback 234 (2,404 ) (77 ) (752 ) (487 ) (1,060 ) (2,065 ) 0 (745 ) (456 ) (3,266 ) Cash operating Working capital Trade recei
Slide 26: Group | Net debt
Group | Net debt Higher net debt position, but largely normalised by H2 seasonal cash inflows Net debt / EBITDA 1.18X 1.00X 1.55X 12-month rolling 10.1 1.5 0.5 7.6 6.8 1.0 0.8 1.0 1.1 1.0 6.2 6.3 5.8 -0.4 H1 2025 FY 2025 H1 2026 Excess cash Financial Services funding Seasonal peak of working capital
Slide 27: Group | Balance Sheet
Group | Balance Sheet Seasonal inventory in H1; book in good shape Working Capital • Inventory levels are aligned to peak season R15.9bn 2.1x trade and remain healthy (excl. White Stuff Inventory Stock +16.0% on H1 2025 Turn H1 2025: 2.4x inventory at R15.2bn with a growth of (+11.3% on FY 2025) (FY
Slide 28: Segmental Performance: TFG Africa
03 SEGMENTAL PERFORMANCE: TFG AFRICA 28
Slide 29: TFG Africa | Segment performance
TFG Africa | Segment performance Growth on R’m H1 2026 H1 2025 Retail turnover 19, 034 5.3% Gross profit 7, 866 3.1% Net other income 2, 163 5.9% Net bad debt (748) 23.8% Trading and other expenses (7, 630) 5.4% EBIT 1, 651 (9.7%) Finance costs - leases (408) 6.5% Finance costs (387) (0.5%) Profit b
Slide 30: TFG Africa | Retail performance
TFG Africa | Retail performance Growth on G rowth on R’m H1 2026 Retai l H1 2025 H1 2025 Retail turnover 19, 034 5.3% 19,034 5.3% Sales growth of +5.3% with GM down - 0.9%, reducing GP growth to +3.1% (impact Gross profit 7, 866 3.1% 7,866 3.1% of gross profit reduction of c.-R168m). Net other incom
Slide 31: TFG Africa | Financial services performance
TFG Africa | Financial services performance Growth on Fi nanci al Growth on R’m H1 2026 H1 2025 Servi ces* H1 2025 Retail turnover 19, 034 5.3% Interest income of R1 bn up only 2.1% on Gross profit 7, 866 3.1% debtors book which grew +8.0%, due to lower interest rates. Net non-interest income increa
Slide 32: TFG Africa | Trading Expenses
TFG Africa | Trading Expenses Trading expenses controlled, but LFL stores expenses of 5.7% ahead of LFL sales of 4.1% % of Turnover 0.45 39.7% 40.1% 40.1% 0.4 38.8% 36.8% 3.3% 3.3% 0.35 0.3 0.25 0.2 36.8% 36.8% 0.15 0.1 0.05 0 H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 Retail Financial Services % Growt
Slide 33: TFG Africa | Capex
TFG Africa | Capex 47 new stores; focus on existing store optimisation continues Capex Depreciation 1000 % of turnover 2.4% 2.3% 2.6% 2.5% 2.7% 904 900 821 600 520 800 69 500 469 457 724 29 700 400 357 649 314 300 573 600 281 200 71 500 100 R’m 153 0 400 144 H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 5
Slide 34: TFG Africa | Inventory
TFG Africa | Inventory Excess inventory to be managed in Q3 (Black Friday) Net Inventory 12,108 10,849 10,598 R’m H1 2025 FY 2025 H1 2026 Stock turn: 2.5x 2.4x 2.3x Stock health: 17% 18% 19% 0-8 weeks 47% 9-26 weeks 25% 58% 55% 26% >27 weeks 35% . TFG Results Presentation – for the half-year ended 3
Slide 35: TFG Group | Closing thoughts
TFG Group | Closing thoughts • Challenging macroeconomic conditions in all territories continue • Focused on mitigating actions • Full year guidance remains challenging • R1bn share buyback completed TFG Results Presentation – for the half-year ended 30 September 2025 35
Slide 36: Segmental Performance: TFG Africa Credit
03 SEGMENTAL PERFORMANCE: TFG AFRICA CREDIT JANE FISHER GROUP DIRECTOR 36
Slide 37: Credit | Demand
Credit | Demand Robust demand supporting credit growth Accept rates & credit turnover 6,000 60% Credit TFG +7.9% 5,000 50% Turnover Africa R5.2bn H1 2025:+1.7% 4,000 40% 3,000 30% 25.6% 23.9% 20.9% 20.3% 20.0% 19.6% +4.3% Accounts 2,000 17.0% 17.4% 18.0% 20% 2.9m H1 2025: +0.7% Customer R’ Millions
Slide 38: Credit | Health
Credit | Health Healthy book construct maintained Gross book & provisions 12,000 70% 60% 10,000 Ageing Buying 82.6% Overdue 12.3% 50% Position 8,000 H1 2025: 83.0% H1 2025: 12.8% 40% 6,000 30% 4,000 20% Net 2,000 10% Bad debt Write-off +5.1% Bad Debt 14.0% 20.1% 20.0% 19.3% 18.7% 17.8% 17.9% 17.9% 1
Slide 39: Credit | Summary
Credit | Summary Net Bad debt increase due to book growth % Growth R’m H1 2026 H1 2025 on H1 2025 Income 1,504 1,424 5.6% Net Bad Debt (748) (604) 23.8% Trading Expenses (346) (326) 6.1% EBIT 410 494 (17.0%) Gross book vs EBIT R12,000 R600 R10,000 R500 R8,000 R400 R6,000 R300 R4,000 R200 R2,000 R100
Slide 40: Segmental Performance: TFG London
03 SEGMENTAL PERFORMANCE: TFG LONDON Justin Hampshire CEO TFG London Emma Mackrill CFO TFG London 40
Slide 41: TFG London | Overview
TFG London | Overview • Macro headwinds unchanged: o Consumer caution continues with targeted spending o Low overall UK non-food growth, exceptions driven by new tech launches and health & beauty o Stubborn inflation driven by energy and food o Major cyber attacks disrupting partner performance o Ef
Slide 42: TFG London | Performance
TFG London | Performance % Growth £’m H1 2026 H1 2025 on H1 2025 Retail Turnover 245 145 69.0% • Growth driven by the White Stuff acquisition o Post acquisition performance positive Gross Profit 157 98 60.2% • Adverse gross margin % impacted by mix and prior year stock clearance Gross Margin % 64.1%
Slide 43: TFG London | Inventory
TFG London | Inventory Net Inventory 98 91 66 59 H1 2025 FY 2025 H1 2026 H1 2026 (excl. White Stuff) Stock health: 11% 13% 25% • Current season stock levels significantly improved 0-8 weeks against prior year 20% 19% 9-26 weeks 12% 63% • Additionally, improved availability in core product >27 weeks
Slide 44: TFG London | Outlook
TFG London | Outlook ECONOMIC CHALLENGES • Looming budget uncertainty • Stubborn inflation and potential further tax rises unhelpful OUTLOOK • Stronger customer base heading into H2 • Margin remains a focus • Leverage separates trends in core categories • Further annualization of White Stuff • New b
Slide 45: Segmental Performance: TFG Australia
03 SEGMENTAL PERFORMANCE: TFG AUSTRALIA Dean Zanapalis CEO TFG Australia Troy Wilson CFO TFG Australia 45
Slide 46: TFG Australia | Performance
TFG Australia | Performance EBIT down -18.4% due primarily to cost inflation % Growth A$’m H1 2026 H1 2025 on H1 2025 Revenue 363 364 (0.3%) • Economic conditions remained challenging Retail Turnover 362 364 (0.5%) • Revenue and gross margin only slightly down vs LY Gross Profit 235 237 (0.8%) • Apr
Slide 47: TFG Australia | Inventory
TFG Australia | Inventory Stock levels are very healthy, and the quality remains strong Net Inventory 135 136 126 H1 2025 FY 2025 H1 2026 • 8% increase in the stock balance vs 1H25 (3% increase in units) 4% 3% 2% 1% 2% Stock health: 6% • Excluding test growth brand Axl & Co, units are level 9% 12% w
Slide 48: TFG Australia | Outlook
TFG Australia | Outlook ECONOMIC CHALLENGES • Consumer confidence remains low amid cost-of-living pressures and relatively high interest rates • Cost of doing business pressures including award wage increases and rent • Unemployment remains low • The market remains competitive and promotionally led
Slide 49: Outlook
04 OUTLOOK Anthony Thunström Group CEO 49
Slide 50: Post-results trade update
Post-results trade update 5 weeks view Africa London Australia 18% 100% 10% 14% 80% 69% 60% 6% 10% 40% 34.9% 6% 5.3% 3.7% 20% 2% 2% 0.6% 0% -2% -0.7% -0.5% -2% H1 Sept 5 weeks H1 5 weeks H1 5 weeks 1 WS acquisition only included from 25 Oct TFG Results Presentation – for the half-year ended 30 Septe
Slide 51: Looking forward
Looking forward TFG TFG AFRICA LONDON Menswear • Defend high (25%+) mid-market share • Increase QR • Build out of own-channel and reduce concessions • Build out Value • Phase 8 re-positioning in prime locations • White Stuff growth opportunity Sports • Defend high market share (30%+) position • Buil
Slide 52: Outlook
Outlook Taking control of what we can • Driving decisive cost rationalisation • Accelerated optimisation of trading space • Review of inventory commitments in light of current trading trends • Execution of a R1bn share buyback programme In conclusion • Tough H1 • H2 critical to full year results TFG
Slide 53: Enjoy your coffee break… Q&A
We will resume in 5 minutes for the Q & A session. Enjoy your coffee break… Q&A 53
Slide 54: Thank you
THANK YOU 54
Slide 55: Appendix
APPENDIX 55
Slide 56: Group | Income Statement
Group | Income Statement H1 2026 H1 2025 Change Rm Rm Revenue 31,394 27,975 12.2% Retail turnover 29,152 25,875 12.7% Cost of turnover (14,775) (13,073) 13.0% Gross profit 14,377 12,802 12.3% Interest income 1,071 1,065 0.6% Insurance revenue 177 124 42.7% Other income 994 911 9.1% Net bad debt (748
Slide 57: TFG Africa | Income Statement
TFG Africa | Income Statement H1 2026 H1 2025 Change Rm Rm Revenue 21,274 20,164 5.5% Retail turnover 19,034 18,068 5.3% Gross profit 7,866 7,626 3.1% Interest income 1,069 1,061 0.8% Insurance revenue 177 124 42.7% Other income 994 911 9.1% Net bad debt (748) (604) 23.8% Insurance service expense (
Slide 58: TFG Africa | Performance
TFG Africa | Performance Turnover and Margin 45,000 50.0% 40,000 43.4% 42.0% 42.2% 45.0% 35,000 41.3% 39.5% 30,000 40.0% 25,000 18,092 18,068 19,034 35.0% 20,000 15,427 15,000 13,195 30.0% 10,000 6,480 7,154 7,626 7,866 5,729 25.0% 5,000 R’m 0 20.0% H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 Turnover G
Slide 59: TFG London | Income Statement
TFG London | Income Statement H1 2026 H1 2025 Change H1 2026 H1 2025 Change £m £m Rm Rm Revenue 245 145 69.0% Revenue 5,904 3,394 74.0% Retail turnover 245 145 69.0% Retail turnover 5,904 3,394 74.0% Gross profit 157 98 60.2% Gross profit 3,782 2,302 64.3% Trading expenses (145) (87) 66.7% Trading e
Slide 60: TFG London | Performance
TFG London | Performance Turnover and Margin 350 64.3% 67.8% 70.0% 64.1% 58.2% 57.6% 300 60.0% 245 50.0% 250 40.0% 200 177 158 157 30.0% 146 145 150 102 102 98 20.0% 100 85 10.0% 50 0.0% £’m 0 -10.0% H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 Turnover Gross Profit Gross Margin EBIT 50.0 8.0% 9.0% 6.8%
Slide 61: TFG Australia | Income Statement
TFG Australia | Income Statement H1 2026 H1 2025 Change H1 2026 H1 2025 Change A$m A$m Rm Rm Revenue 363 364 (0.3%) Revenue 4,216 4,417 (4.6%) Retail turnover 362 364 (0.5%) Retail turnover 4,214 4,413 (4.5%) Gross profit 235 237 (0.8%) Gross profit 2,729 2,874 (5.0%) Interest income* - - 0.0% Inter
Slide 62: TFG Australia | Performance
TFG Australia | Performance Turnover and Margin 600 67.9% 70.0% 65.1% 64.9% 63.7% 63.8% 500 65.0% 402 400 373 364 362 60.0% 300 270 273 55.0% 238 237 235 200 172 50.0% 100 45.0% A$’m 0 40.0% H1 2022 H1 2023 H1 2024 H1 2025 H1 2026 Turnover Gross Profit Gross Margin 19.5% EBIT 140.0 120.0 12.5% 100.0
Slide 63: Group | Trading Expense
Group | Trading Expense H1 2026 H1 2025 Rm Group Africa London Australia Group Africa London Australia Occupancy costs 3,472 2,102 578 792 3,088 1,972 355 761 Depreciation and amortisation 721 520 123 78 587 457 52 78 Employee costs 5,610 3,100 1,222 1,288 4,919 2,911 716 1,292 Other operating costs
Slide 64: Group | Statement of Financial Position
Group | Statement of Financial Position H1 2026 H1 2025 Change H1 2026 H1 2025 Change Rm Rm Rm Rm ASSETS EQUITY AND LIABILITIES Non-current assets TOTAL EQUITY 25,223 24,282 3.9% Property, plant and equipment 6,806 6,047 12.6% LIABILITIES Goodwill and intangible assets 10,833 10,094 7.3% Non-current
Slide 65: Group | Cash Flow Statement
Group | Cash Flow Statement H1 2026 H1 2025 Rm Rm Cash flows from operating activities Operating profit before working capital changes 5,529 5,345 Increase in working capital (2,422) (3,050) Cash generated from operations 3,107 2,295 Interest income 63 78 Finance costs (1,002) (903) Taxation paid (7
Slide 66: Credit | Additional Information
Credit | Additional Information TFG AFRICA TFG AFRICA TFG AFRICA Change H1 2026 H1 2025 FY 2025 Income (Rm) 1,504 1,424 5.6% 2,859 Net bad debt (Rm) (748) (604) 23.8% (1,388) Credit costs (Rm) (346) (326) 6.1% (683) EBIT (Rm) 410 494 (17.0%) 788 Number of applications 2,109,866 1,901,716 10.9% 3,872
Slide 67: Credit | TransUnion Consumer Credit Index H1 2025
Credit | Transunion Consumer Credit Index H1 2025 Modest credit health recovery • The rise in the TransUnion Africa Consumer Credit Index (CCI) signals a modest improvement in household credit health • Despite an improving score, the recovery remains fragile • Three-month defaults remained high in a
Slide 68: Global Footprint
Global Footprint TFG STORES 4 922 COUNTRIES 21 TFG AFRICA STORES TFG LONDON STORES TFG AUSTRALIA STORES 3 619 684 619 CONTRIBUTION TO TURNOVER CONTRIBUTION TO TURNOVER CONTRIBUTION TO TURNOVER 65.3% 20.3% 14.4% TFG Results Presentation – for the half-year ended 30 September 2025 68
Slide 69: Footprint movement since April 2025
Footprint movement since 1 April 2025 TFG AFRICA TFG LONDON 47 20 699 3,614 3,619 684 (42) (35) 3 614 699 Mar 25 Mar 25 3 619 684 Sep 25 Sep 25 30 Mar 25 New outlets Closed outlets 30 Sep 25 30 Mar 25 New outlets Closed outlets 30 Sep 25 TFG AUSTRALIA GROUP 4,923 93 4,922 26 (94) 4 923 610 619 Mar 2
Slide 70: TFG Africa Footprint
TFG Africa Footprint Country Stores South Africa 3,386 Namibia 100 Zambia 29 Botswana 64 Lesotho 19 Eswatini 21 South Africa Stores Eastern Cape 346 Free State 182 Gauteng 954 KwaZulu-Natal 473 Limpopo 303 Mpumalanga 325 North West 188 Northern Cape 99 Western Cape 516 TFG Results Presentation – for
Slide 71: TFG London footprint
TFG London footprint Total Standalone Europe Concessions Stores Stores UK & Ireland 536 273 263 Switzerland 11 5 6 Germany 19 4 15 Spain 19 0 19 Netherlands 9 2 7 Total Standalone North America Concessions Stores Stores USA 31 4 27 Mexico 30 0 30 Total Standalone Asia Concessions Stores Stores Hong
Slide 72: TFG Australia footprint
TFG Australia footprint Australia Total Stores Standalone Stores Concessions Australia 568 528 40 New Zealand 51 51 0 TFG Results Presentation – for the half-year ended 30 September 2025 72
Slide 73: Disclaimer
DISCLAIMER This announcement contains certain forward-looking statements with respect to the financial conditions and results of operations of the Foschini Group Limited and its subsidiaries, which by their nature involve risk and uncertainty because they relate to events and depend on circumstances
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