Dusk Group Ltd. · ASX:DSK
Dusk — Investor Presentation (February 2026)
22 slides from Dusk's investor presentation, Feb 13, 2026
Slide 1: 1H FY26 Results Presentation
1H FY26 RESULTS PRESENTATION 13 FEB 2026 VLAD YAKUBSON GORDON SQUIRE GROUP LIMITED (ASX:DSK) CEO & MANAGING DIRECTOR CFO & COMPANY SECRETARY
Slide 2: Table of Contents
TABLE OF CONTENTS FY26 RESULTS PRESENTATION 01 BUSINESS OVERVIEW 02 FINANCIAL SUMMARY 03 OUTLOOK 04 APPENDIX 2 1H FY26 RESULTS PRESENTATION GROUP LIMITED (ASX:DSK)
Slide 3: Business Overview
BUSINESS OVERVIEW 3 1H FY26 RESULTS PRESENTATION GROUP LIMITED (ASX:DSK)
Slide 4: Results Overview
A. RESULTS OVERVIEW TOTAL SALES ONLINE SALES GROSS PROFIT CODB $91.8m $8.0m $59.9m $43.6m +5.1%1 +16.5% +5.1% +5.9% +3.6% LFL2 8.7%3,+85bps 65.2%,+3bps 47.4%, +35bps UNDERLYING EBIT4 CASH EARNINGS/SHARE5 INTERIM DIVIDENDS6 $14.3m $35.8m 16.1cps 4.0cps +3.5% 1H FY25 $38.5m 1H FY25 15.3cps FY25 Interi
Slide 5: Operational Update
B. OPERATIONAL UPDATE FY26 rejuvenation continues to progress well, supporting dusk’s transformation. TALENT RENEWAL PRODUCT REJUVENATION CUSTOMER BASE EXPANSION OMNI-CHANNEL EXPERIENCE Significant improvement in Our Signature product range We continue to test and learn with Continued improvement in
Slide 6: AfterGlow Plan
C. AFTERGLOW PLAN UPDATE ON TRIAL IN PEAK TRADE 1 DELIVERING RESULTS 2 FURTHER EXPANSION MINI-REFURBS PLANNED Both West Lakes (SA) and LFL sales +24% The trial has been successful, Uplifting top stores with Macarthur Square (NSW) delivered Avg. Transaction Value (ATV) +15% and the store format will
Slide 7: Trials across four distinct store formats strengthened confidence in AfterGlow
SMALL FORMAT: 50-70sqm LARGE FORMAT: 120-150sqm The trials conducted across four distinct store formats have strengthened our confidence in the AfterGlow store format MEDIUM FORMAT: 70-120sqm PRICING FORMAT: DFO/OUTLET
Slide 8: Financial Summary
FINANCIAL SUMMARY 8 1H FY26 RESULTS PRESENTATION GROUP LIMITED (ASX:DSK)
Slide 9: Sales: solid uplift underpinned by product improvements
A. DELIVERED A SOLID SALES UPLIFT UNDERPINNED BY PRODUCT IMPROVEMENTS, SALES TARGETED MARKETING AND RETAIL EXECUTION CONSISTENCY: • Total sales of $91.8m, up +5.1% vs pcp. Record 1H sales result. OVERVIEW • LFL sales were up +3.6% vs pcp, stores +2.6% and online +16.5%. • Strong contributions from t
Slide 10: Sales Online
B. IMPROVED DIGITAL MARKETING AND CURATED OFFERS DRIVING GROWTH: SALES • Online sales of $8.0m, up +16.5% vs pcp. Highest recorded 1H result. ONLINE • Online sales penetration of +8.7%, up +85 bps vs pcp. • Member sales significantly higher in online vs. total business, indicating effective CRM in t
Slide 11: Rewards Membership
C. 750 REWARDS MEMBERSHIP MEMBERS (000’s) 60 MEMBER SALES ($m) and CONTRIBUTION (mix %) 100% 90% 50 700 80% AS A % OF TOTAL SALES ($M) 70% 40 62% REWARDS SALES ($M) 59% 56% 57% 60% 650 48% 30 50% 600 40% 20 30% 550 20% 10 10% 718 722 703 661 718 49 51 43 42 52 500 0 0% 1H FY22 1H FY23 1H FY24 1H FY2
Slide 12: Average Transaction Value
D. CUSTOMER SPEND UPLIFT DROVE ATV, LED BY DUSK REWARDS MEMBERS: AVERAGE • Total ATV of $54, up +8% vs pcp. • Members ATV and non-members ATV up +9% and +4% respectively. TRANSACTION • ATV up in both stores and online. • Basket size (units/transaction) growth was driven by a broader range and VALUE
Slide 13: Financial Performance
E. RESULTS ACHIEVED IN A HIGHLY COMPETITIVE PROMOTIONAL ENVIRONMENT: FINANCIAL • Record sales of $91.8m for the half, up +5.1% (+ 3.6% LFL). Improving sales trend as the half progressed, driven by refreshed core product ranges, PERFORMANCE growth in online and a successful peak trading period. • Gro
Slide 14: Cost of Doing Business
F. TIGHTLY CONTROLLED CODB, WHILST INVESTING IN GROWTH INITIATIVES: COST OF DOING • Employee expenses resulted in a reduction of -10 bps driven by improved productivity and effective wage control. BUSINESS • Occupancy increased due to a combination of annual lease escalation costs, net 2 new stores
Slide 15: Financial Position
G. FINANCIAL POSITION A$m 1H FY25 FY25 1H FY26 CURRENT ASSETS STRONG BALANCE SHEET TO SUPPORT FUTURE GROWTH: Cash 38.5 20.2 35.8 Trade and other receivables 0.6 0.4 0.7 Inventories 14.4 17.3 18.9 • Closing cash of $35.8m, with no debt . Others 3.0 1.0 2.3 • In CY2025 we paid $7.5m in dividends to sh
Slide 16: Outlook
OUTLOOK 16 1H FY26 RESULTS PRESENTATION GROUP LIMITED (ASX:DSK)
Slide 17: Trading Update
A. TRADING UPDATE The trading results for the first six weeks of 2H FY26 vs pcp: Total Cycling Sales growth +17.8% +0.8% No. of stores 149 150 KEY HIGHLIGHTS: • Pleasing start to Q3 trade with double-digit sales growth, driven mainly by improved stock availability across core vs. pcp. • We continue
Slide 18: Future Growth (Australia)
B. FUTURE GROWTH (AUSTRALIA) CUSTOMER AND BRAND LED Product & Innovation • Sharpening our core ranges while expanding into adjacent categories with clear demand. • Scaling licensed product ranges to drive traffic, relevance and new customer acquisition. • Building Bath & Body as a strategic growth p
Slide 19: Future Growth (International)
B. FUTURE GROWTH (INTERNATIONAL) INTERNATIONAL OPPORTUNITY – A DISCIPLINED, PHASED OPTION A strategic option under assessment Over the past 24 months we have materially strengthened the foundations of the business — across leadership, product, store design, marketing, systems and operations. We are
Slide 20: Appendix
APPENDIX 20 1H FY26 RESULTS PRESENTATION GROUP LIMITED (ASX:DSK)
Slide 21: Underlying Adjustment
A. UNDERLYING ADJUSTMENT A$m 1H FY25 1H FY26 A$m 1H FY25 1H FY26 A$m (net of tax) 1H FY25 1H FY26 Statutory EBITDA 24.7 25.9 Statutory EBIT 14.9 15.5 Statutory NPAT 9.5 10.0 Impact of AASB16 (8.9) (9.6) Impact of AASB16 (1.0) (1.3) Impact of AASB16 0.2 - Impairment - - Impairment - 0.3 Impairment -
Slide 22: Disclaimer
B. Disclaimer This presentation has been prepared by Dusk Group Forward looking statements This presentation contains forward looking statements. These are based on dusk’s current expectations about future events and is Limited (‘dusk’) ABN: 38 603 018 131. It is general subject to risks and uncerta