Nick Scali Limited · ASX:NCK
Nick Scali — FY2025 Earnings Presentation
18 slides from Nick Scali's earnings presentation, Aug 8, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation 8 August 2025
Slide 2: FY25 Highlights
FY25 Highlights ANZ Group • 2H Written Sales Orders +7.3%, with FY25 up almost 3% YOY (2.8%). • 2H Revenue $231m, FY25 Revenue $454m. • 2H gross profit margin was 65.6%, up 1.2pp from 1H. ANZ gross margin for FY25 65.0%, vs 66.0% in FY24. • Underlying1 profit after tax $73.2m. UK • FY25 Revenue $42m
Slide 3: Written Sales Orders and Group Revenue
Written Sales Orders and Group Revenue ANZ Group Written Sales Orders FY25 $459.9m ANZ Group Revenue FY25 $453.5m Change versus FY24 +2.8% Change versus FY24 -1.4% Written Sales were stronger in the second half with 2H +7.3%, vs ANZ 2H revenue -1.0%, reflecting lower written sales in the first half,
Slide 4: Group Financial Performance $m
Group Financial Performance $m Underlying2, 4 ANZ Group ANZ UK Group Group ANZ Group gross margin 2H 65.6%, vs 64.4% 1H. FY25 ANZ gross Group FY25 FY25 FY25 FY24 margin 65.0%. Sales Revenue 453.5 41.8 495.3 468.2 ANZ underlying2 FY25 operating expenses increased $6.1m compared to the prior year with
Slide 5: Group Cashflow $m
Group Cashflow $m FY25 FY24 Operating cashflows Operating cash flows net of lease liabilities ANZ Group $118.8m FY25. repayments and lease interest payments 93.1 126.1 UK operational funding $25.7m supporting UK working capital requirements and capital investments. UK acquisition – acquired creditor
Slide 6: Group Balance Sheet $m
Group Balance Sheet $m FY25 FY24 Inventory – On hand Cash and deposits 101.0 111.3 ANZ DCs ANZ showrooms UK DC UK showrooms Inventory – in transit 13.5 14.1 June 2025 15.7 23.5 1.9 3.5 Inventory – on hand 44.6 43.9 June 2024 17.9 22.8 1.2 2.0 Property at net book value 120.1 119.6 Intangibles Plant
Slide 7: ANZ Group Online
ANZ Group Online Written sales order growth • FY25 online written sales orders were $42.4m, up 21.8% with enhancements in the eCommerce user experience driving growth. Written sales orders ($m) 42.4 34.8 FY25 FY24 7
Slide 8: Nick Scali in the UK
Nick Scali in the UK Image: Nick Scali Thurrock store. 8
Slide 9: UK Summary
UK Summary Written Sales Orders Leadership • Disruption to trading as stores being refurbished are • Experienced furniture retailer appointed as GM UK in May. closed for a 4-5 week period. • Focus is on retail teams in stores. • Fabb branded stores have traded particularly poorly as old • Evaluating
Slide 10: Store Network
Store Network 11 New location Converted Long term June 24 opened to clearance Closed June 25 Opportunity1 20 15 Nick Scali Australia 59 1 – – 60 73 New Zealand 5 – – – 5 13 64 1 – – 65 86 Plush Australia 44 3 -2 – 45 85-90 New Zealand – – – – – 05-10 44 3 -2 – 45 90-100 14 2 4 13 ANZ Total 108 4 -2
Slide 11: Property
Property Location Date Net Lettable Property Carrying Value $m Acquired Area (m2) – Historical Acquisition Cost 132.3 – Current Book Value (Acquisition cost, 120.1 Auburn, NSW Dec 2017 5,469 less depreciation) Auburn, NSW Feb 2020 788 Alexandria, NSW Jul 2010 1,680 Caringbah, NSW Jul 2014 2,633 FY25
Slide 12: Outlook
Outlook Outlook ANZ Written sales for month of July 25 increased by 7.7%, like for like written sales up 7.2%. Sales revenue for first quarter FY26 expected to be up on prior year. A further 5 new stores are confirmed for opening during the year, with additional opportunities currently being reviewe
Slide 13: nickseali
nickseali
Slide 14: Disclaimer & Important Information
Disclaimer & Important Information Nick Scali Limited (the “Company”) advises that the information in this presentation contains general background information about the Company’s activities as at the date of the presentation. It is information given in summary form and is based on information avail
Slide 15: Supporting Information
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Slide 16: Appendix A – Underlying Group NPAT Reconciliation $m
Appendix A – Underlying Group NPAT Reconciliation $m ANZ costs resulting FY25 UK Restructuring from freight forwarder FY25 Statutory & integration costs business failure Underlying Sales Revenue 495.3 – – 495.3 Cost of sales (180.7) – – (180.7) Gross Profit 314.6 – – 314.6 Gross Margin % 63.5% – – 6
Slide 17: Appendix B – EBITDA, EBIT and Reconciliations $m
Appendix B – EBITDA, EBIT and Reconciliations1 $m ANZ costs resulting from FY25 UK restructuring FY25 FY25 freight forwarder ANZ Group and integration FY25 UK Group ANZ Group business failure Underlying FY25 UK costs Underlying Underlying Profit (loss) before tax 100.9 2.8 103.7 (13.6) 2.4 (11.2) 92
Slide 18: Appendix C – Lease Expense $m
Appendix C – Lease Expense $m FY25 ANZ UK Group FY24 Property Expense 13.3 4.4 17.7 12.9 AASB 16 depreciation expense 37.2 8.5 45.7 39.2 AASB16 Interest Expense 10.9 1.8 12.7 10.8 Total property expenses statutory 61.4 14.7 76.1 62.9 AASB 16 depreciation expense (37.2) (8.5) (45.7) (39.2) AASB16 Int