Slide 1: Half Year Addendum
HY27 HALF YEAR ADDENDUM 1 Half Year Addendum 26 WEEK PERIOD ENDED 26 JULY 2026
Slide 2: Contents
HY27 HALF YEAR ADDENDUM 2 Contents Highlights 3 Sales 4 Gross Profit Margin % 5 Net Profit After Tax 6 Balance Sheet 7 Our Team 8 Online Platform Investment 9 VIP Clubs 10 Supply Chain Transformation 11 Sustainability 12 Strategy Investment on Track 13 Investment Value Delivery 14 Financial Summary
Slide 3: Highlights
HY27 HALF YEAR ADDENDUM 3 Highlights Sales Gross Profit Performance • Record Group sales Record sales while $374.2m, up 0.79% • Third consecutive quarter • Gross margin 40.85% • Decline moderated to 58 bps advancing strategic of positive sales growth • Sporting Goods sales up 2.56% despite continued
Slide 4: Sales
HY27 HALF YEAR ADDENDUM 4 Sales Record sales achieved for the Group despite cautious consumer spending. • Record Group sales of $374.2 million, +$2.9 million on last year • Third consecutive quarter of positive Group sales growth • Online sales growth +2.1% to $73.4 million, 19.6% of Group sales • S
Slide 5: Gross Profit Margin %
HY27 HALF YEAR ADDENDUM 5 Gross Profit Margin % Gross margins remain under pressure from challenging market conditions and a weaker New Zealand dollar, but rate of decline continues to slow.
Slide 6: Net Profit After Tax (NPAT)
HY27 HALF YEAR ADDENDUM 6 Net Profit After Tax (NPAT) Solid NPAT performance with continued investment in a challenging retail environment. • Costs incurred advancing • Strong cost discipline despite strategic initiatives ongoing cost pressures impact NPAT across many areas • Lower interest income f
Slide 7: Balance Sheet
HY27 HALF YEAR ADDENDUM 7 Balance Sheet • Focused inventory control continues to deliver benefits • Healthy cash position with minimal use of funding facility expected before year-end to support seasonal inventory build ahead of peak trading • Capital expenditure dominated by the investment in the n
Slide 8: Our Team
HY27 HALF YEAR ADDENDUM 8 Our Team Sustained investment in our people, systems and ways of working is building capability, competence and confidence across the team. Team Development Leadership development has stepped up a gear. Three new cohorts commenced our Leadership Programme, redesigned and no
Slide 9: Online Platform Investment
HY27 HALF YEAR ADDENDUM 9 Online Platform Investment The first half of the year focused on delivering the new Rebel Sport loyalty experience, managed through customers' online accounts. This gives customers greater freedom and flexibility to manage their experience with us. We also introduced basket
Slide 10: VIP Clubs
HY27 HALF YEAR ADDENDUM 10 VIP Clubs Our clubs are a long-term strategic and competitive advantage, providing significant reach across New Zealand and a highly engaged customer base. We will continue to invest in them to increase customer frequency, engagement and lifetime value. Club Rebel Rewards
Slide 11: Supply Chain Transformation
HY27 HALF YEAR ADDENDUM 11 Supply Chain In progress 2026 Transformation • Our automation vendor mechanical and electrical teams have completed the We’ve achieved a significant milestone construction phase. with the opening of our new Drury • Our Warehouse Management System, Distribution Centre. Manu
Slide 12: Sustainability
HY27 HALF YEAR ADDENDUM 12 Sustainability Signed agreement with 100% certified renewable electricity provider for our entire store network, Our Steps to a marking a key milestone in our Scope 2 emissions Better Tomorrow reduction roadmap. The emissions reduction and financial benefits of the new We'
Slide 13: Strategy Investment on Track
HY27 HALF YEAR ADDENDUM 13 Strategy GROUP STRATEGY 2024 – 2026 Investment LONG TERM GROWTH ACCELERATION RETAIL EXPERIENCE EVOLUTION SUPPLY CHAIN TRANSFORMATION BUILDING BLOCKS on Track Online platform upgrade. Optimisation of profit returns on store space. Flagship store concepts. Electronic Shelf L
Slide 14: Strategic Investment Moving into Value Delivery
HY27 HALF YEAR ADDENDUM 14 Strategic Investment Moving into Value Delivery As the period of elevated strategic investment nears completion, our focus is shifting to realising the operational, customer and financial returns from the capabilities we have built. CAPABILITY BUILT LOOKING FORWARD: UNLOCK
Slide 15: Financial Summary
HY27 HALF YEAR ADDENDUM 15 Financial Summary Metrics HY Jul 21 HY Jul 22 HY Jul 23 HY Jul 24 HY Jul 25 HY Jul 26 FY Jan 201. FY Jan 21 FY Jan 22 FY Jan 23 FY Jan 24 FY Jan 25 FY Jan 26 Homeware Revenue - $000 222,628 228,739 229,391 230,027 229,780 229,088 410,908 439,234 460,887 487,501 490,116 489
Slide 16: Positive Impact on Local Communities
HY27 HALF YEAR ADDENDUM 16 Positive Impact on Local Communities “Thank you so much for your generous support of the “Buy a Blanket, Give a Blanket” campaign. Through our "We would like to extend our partnership with sincere thanks once again Briscoes, something for your generous truly meaningful has