Lovisa Holdings Ltd. · ASX:LOV
Lovisa — H1 2026 Earnings Presentation
24 slides from Lovisa's earnings presentation, Feb 19, 2026
Slide 1: Lovisa Holdings Limited FY26 Half Year Results
LOVISA HOLDINGS LIMITED FY26 HALF YEAR RESULTS JOHN CHESTON GLOBAL CHIEF EXECUTIVE OFFICER CHRIS LAUDER GROUP CHIEF FINANCIAL OFFICER
Slide 2: Contents
CONTENTS 1. HALF YEAR OVERVIEW 2. FINANCIAL OVERVIEW 3. TRADING PERFORMANCE – SALES & GROSS MARGIN 4. EARNINGS 5. CASHFLOW & BALANCE SHEET 6. STORE GROWTH 7. TRADING UPDATE 8. SUMMARY 9. APPENDICES
Slide 3: FY26 Half Year Overview
FY26 HALF YEAR OVERVIEW1 • Total Sales up 23.3% on prior half year reflecting • 1,095 stores at half year end continued growth in the store network, with Lovisa • 85 new stores opened for the half year vs 57 in 1H25 underlying1 Total Sales up 22.7% • 56 new stores opened in Q2 vs 38 in Q2 FY25 • Glo
Slide 4: Financial Overview
FINANCIAL OVERVIEW1 Variance Profit growth continues HY26 HY26 ($000) 1H FY26 v 1H FY25 • Lovisa Underlying Revenue up 22.7% on 1H FY25 with Reported Lovisa Underlying1 Lovisa Underlying 1 comparable store sales +2.2% for the half year Revenue 500,651 498,096 +22.7% • Gross Margin % again strong, wi
Slide 5: Trading Performance – Sales
TRADING PERFORMANCE – SALES1 TOTAL SALES1 (A$M) Strong sales momentum $500 $450 • Lovisa Underlying 1 Sales Revenue up 22.7% to $498.1m, with $400 Sales ($AUDm) $350 continued store network growth driving this outcome $300 • Solid comp sales +2.2% for the half year $250 $498 $200 $373 $406 • Europe
Slide 6: Trading Performance – Gross Margin
TRADING PERFORMANCE – GROSS MARGIN1 Continued growth in Gross Margin1 85.0% Historical Gross Margins1 • Lovisa Underlying1 gross profit increased 23.4% to $412.9m 83.0% • Underlying Gross Margin was again strong up 50 basis 81.0% points to 82.9% • Gross Margin growth delivered on top of the 170 basi
Slide 7: Earnings
EARNINGS1 EBIT1 GROWTH $m Strong Earnings 1 growth $100.0 $80.0 • Reported EBIT up 8.9% to $98.3m, reflecting 20.4% growth from Lovisa Stores offset by the impact of the start-up phase of our $60.0 $109.1 potential second global brand, Jewells, of $10.8m $90.6 $40.0 $81.6 $70.1 • Lovisa Underlying E
Slide 8: Cash Flow
CASH FLOW (A$000s) HY26 HY25 Continued strong cash generation Reported Reported Cash from operating activities 183,793 141,084 • Cash flow from operating activities up 30.3% to $183.8m, Net interest paid (12,432) (9,680) with working capital continuing to be well managed Tax paid (17,115) (14,403) •
Slide 9: Balance Sheet
BALANCE SHEET Balance Sheet remains strong (A$000s) HY26 Reported FY25 Reported HY25 Reported • Inventory holdings increased in line with store network and revenue Cash 70,477 42,633 54,709 growth, with clean stock position at the end of the half year Receivables 23,801 27,090 20,060 Current Tax Rec
Slide 10: Store Growth
STORE GROWTH Acceleration of global expansion with 85 new stores opened Store number growth Country HY26 FY25 HY25 Var 6 mths New Stores Relocations Closures Var YOY • 85 new stores opened in the period offset by 21 Australia 186 182 180 4 8 (3) (1) 6 closures/relocations, with constant focus on kee
Slide 11: Store Fitout Upgrade
STORE FITOUT UPGRADE • Continued investment in the store network • New concept being rolled out globally Enhanced aesthetics and ambiance Optimised high efficiency lighting Refined and elevated stainless steel finishes Store in store piercing studio - Implementing a new fun customer experien
Slide 12: Highpoint Australia
Highpoint Australia 12
Slide 13: V&A Waterfront South Africa
V&A Waterfront South Africa 13
Slide 14: Melbourne Central Australia
Melbourne Central Australia 14
Slide 15: Fairview Canada
Fairview Canada rr) a
Slide 16: Chadstone Australia
Chadstone Australia 16
Slide 17: ION Singapore
ION Singapore 17
Slide 18: Werribee Australia
Werribee Australia (ick IT STACK IT CURATE IT 18
Slide 19: Trading Update
TRADING UPDATE • Trading for the first 7 weeks of the second half saw Total Sales for this period up 21.5% on the same period in FY25. Comparable store sales for this period were up 1.6%. • We continue to focus on opportunities for expanding both our physical and digital store network, with structur
Slide 20: Summary
SUMMARY1 • Strong Sales growth for the period, driven by momentum in new store rollout to deliver 23.3% growth • 50bp improvement in Underlying Gross Margin to 82.9% driven by focus on sourcing, promotion and shrinkage management and strong execution on product and inventory control • Global expansi
Slide 21: Appendices
e OVS? AG: DiEsNGDalE@ Ess
Slide 22: Appendix
APPENDIX 1 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
Slide 23: ASIC Regulatory Guide 230 Disclosing non-IFRS financial information
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 presentation for the
Slide 24: Thank You
THANK YOU