Truworths International Limited · JSE:TRU
Truworths International — FY2025 Earnings Presentation
78 slides from Truworths International's earnings presentation, August 2025
Slide 1: Group Annual Results for the 52 Weeks Ended 29 June 2025
GROUP A N N U A L R E S U LT S FOR THE 52 WEEKS ENDED 29 JUNE 2025 1
Slide 2: Agenda
AGENDA 1 INTRODUCTION 2 FINANCIAL REVIEW 3 ACCOUNT MANAGEMENT 4 STRATEGIC INITIATIVES 5 ENVIRONMENT, SOCIAL AND GOVERNANCE 6 OUTLOOK 7 QUESTIONS 2
Slide 3: Introduction
1 INTRODUCTION 3
Slide 4: Overview of the Period
OV E R V I E W O F T H E P E R I O D • Disappointing year as our expectations were cautious yet mildly optimistic anticipating a gradual economic recovery and mildly improving credit environment • However the macroeconomic conditions were tough in South Africa with low GDP growth and persistently we
Slide 5: Truworths Strongly Correlated to GDP Growth and Consumer Confidence
T R U W O R T H S S T R O N G LY C O R R E L AT E D TO GDP GROWTH AND CONSUMER CONFIDENCE Sales vs GDP Sales vs CCI 30% 8% 30% 30 25% 6% 25% 20 20% 4% 20% 15% 15% 10 2% 10% 10% 0% 0 5% 5% -2% 0% 0% -10 -5% -4% -5% -20 -10% -6% -10% -15% -8% -15% -30 Sales Growth GDP Growth CCI Sales Growth 5
Slide 6: TU SA Consumer Credit Index
TU CCI increased to 53 in 2025Q1 and declined marginally to 52 in 2025Q2, TU SA CONSUMER CREDIT INDEX reflecting the fragile credit recovery CREDIT RECOVERY REMAINS FRAGILE Rise in the CCI signals a modest improvement in household credit health. However, structural economic weaknesses, political unc
Slide 7: Challenging Period
CHALLENGING PERIOD • Last 5 years have been challenging for the Group due to tough macroeconomic circumstances faced by Truworths Africa • Truworths Africa • Average annual space growth of 0.3% • Average annual growth in active accounts of 1.9%, but in a tough consumer credit environment • Average a
Slide 8: Financial Review: Group
2 FINANCIAL REVIEW GROUP 8
Slide 9: Performance Against Targets
P E R F O R M A N C E A G A I N S T TA R G E T S GROUP Truworths Medium- International term targets 2025 (published in Local International 52 weeks FY24) benchmark* benchmark* Gross margin (%) 51.3 49 - 53 44.8 52.9 Operating margin (%) 20.0 18 - 23 13.0 12.7 Return on equity (%) 28 22 - 27 20 20 Re
Slide 10: Financial Performance
FINANCIAL PERFORMANCE GROUP Change on Change on Jun 2025 Jun 2025 Jun 2024 Jun 2024 prior period prior period 52 weeks 52 weeks 52 weeks 52 weeks Reported Pro forma Reported Pro forma^ Reported Pro forma* % % Sale of merchandise (Rm) 21 323 21 323 20 664 20 664 3 3 Gross margin % 51.3 51.3 52.3 52.3
Slide 11: Financial Performance
FINANCIAL PERFORMANCE GROUP Normalisation of ROA due to growing cash balance, impairment reversals and capex investment for the future DPS AND DILUTED HEPS RETURN ON EQUITY (ROE) AND RETURN ON ASSETS (ROA) AND RETURN ON CAPITAL (ROC) ASSET TURNOVER (ATO) (INCLUDES TOTAL CASH) (cents) (%) (%) (times)
Slide 12: ROIC vs WACC
ROIC excludes excess cash ROIC VS WACC GROUP (%) 45 Post Covid-19 Normalisation of ROIC due to impairment reversals recovery period and capex investment for the future 40 35 35 30 28 24 25 25 23 20 14 14 15 14 15 12 10 5 - Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2025 (52 wks)* ROIC WACC * Weeks 2 -
Slide 13: Statements of Financial Position
S TAT E M E N T S O F F I N A N C I A L P O S I T I O N GROUP Change on Jun 2025 Jun 2024 prior period Rm Rm % Property, plant and equipment 2 768 2 533 9 Right-of-use assets 3 341 3 545 (6) Goodwill and intangible assets 1 919 1 828 5 Inventories 2 465 2 312 7 Trade and other receivables 5 473 5 41
Slide 14: Capital Management
Net cash after month-end C A P I TA L M A N A G E M E N T payments of c R206 million GROUP DIVIDENDS Final dividend of 170 cents per share (Jun 2024: 197 cents per share). Annual dividend per share of 487 cents Jun 2025 Jun 2024 (Jun 2024: 529 cents). Net Net Net cash/(debt) Net (debt)/cash FUNDING
Slide 15: Cash Flow Analysis
Cash realisation rate 101% C A S H F LO W A N A LY S I S (2024: 99%) GROUP (Rm) 7 000 Net cash increase after month-end payments = c R447 million (normalised 6 000 31 (512) cash realisation rate 90%) 1 345 (968) 5 000 166 (187) 4 000 (1 105) (487) 3 000 (25) 4 675 4 550 2 000 (1 972) 2 933 1 000 961
Slide 16: Financial Review: Truworths Africa
2 FINANCIAL REVIEW TRUWORTHS AFRICA 16
Slide 17: Financial Performance: Truworths Africa Pro Forma
FINANCIAL PERFORMANCE TRUWORTHS AFRICA – PRO FORMA Retail sales: Gross profit: Gross margin: EBITDA margin: R14 471m R7 376m 53.6% 29.1% 0% 2% 1.3ppts 1.7ppts Jun 2024: R14 530m Jun 2024: R7 536m Jun 2024: 54.9% Jun 2024: 30.8% Profit before Profit Trading Operating finance costs and tax: before
Slide 18: Income Statement: Truworths Africa
I N C O M E S TAT E M E N T TRUWORTHS AFRICA – PRO FORMA Jun 2025 Jun 2024 Change on Pro forma current year figures 52 weeks 52 weeks prior period exclude the following: Rm Rm % • a right-of-use asset impairment Sale of merchandise 13 770 13 723 - of R35 million Cost of sales (6 394) (6 187) 3 Pro f
Slide 19: Divisional Retail Sales
D I V I S I O N A L R E TA I L S A L E S TRUWORTHS AFRICA Jun 2025 Jun 2024 change on 52 weeks 52 weeks prior period DIVISIONAL CONTRIBUTION Rm Rm (%) Truworths ladieswear 5 142 5 140 - Identity Truworths menswear 3 666 3 619 1 15% Truworths Truworths kids 1 417 1 430 (1) ladieswear Other Other# 2 0
Slide 20: Stores and Trading Space
S TO R E S A N D T R A D I N G S PA C E TRUWORTHS AFRICA Trading space Stores Stores '000 m2 June 2024 Store Movement Net June 2025 June 2025 Truworths 353 (1) 8 7 360 294 Identity 254 (3) 5 2 256 70 Truworths Man 35 (3) 2 (1) 34 11 Uzzi 32 (2) (2) 30 3 Sync 26 (1) 3 2 28 2 Office London 22 2 2 24 3
Slide 21: Sales Densities Trend
SALES DENSITIES TREND TRUWORTHS AFRICA R per m2 45 000 2.2% increase over 3 years 39 359 40 000 37 350 37 648 37 311 36 317 36 510 35 256 35 682 34 649 35 000 32 357 30 000 25 000 20 000 15 000 10 000 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2025 (52 wks)*
Slide 22: Merchandise Inflation Trend
M E R C H A N D I S E I N F L AT I O N T R E N D TRUWORTHS AFRICA Unusually high product inflation RSP Inflation due to significant depreciation of (%) the Rand in these two periods 20 15 10 5 - (5) 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 2025 W
Slide 23: Gross Profit Trend
GROSS PROFIT TREND TRUWORTHS AFRICA (Rbn) (%) 9.0 70 8.0 60 7.0 56.7 55.4 54.9 54.1 53.6 50 6.0 5.0 40 4.0 30 3.0 20 2.0 10 1.0 6.7 7.4 7.9 7.5 7.4 - - Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2025 (52 wks)* Gross profit Gross margin * Weeks 2 - 53 (5 July 2021 - 3 July 2022) 23
Slide 24: Analysis of Trading Expenses
A N A LY S I S O F T R A D I N G E X P E N S E S TRUWORTHS AFRICA – PRO FORMA Change on Jun 2025 Jun 2024 prior period Rm Rm % Depreciation and amortisation 1 167 1 170 - Employment costs 2 018 2 019 - Occupancy costs 726 668 9 Trade receivable costs 1 260 1 310 (4) Other operating costs 1 080 1 119
Slide 25: Analysis of Trading Expenses (Continued)
A N A LY S I S O F T R A D I N G E X P E N S E S TRUWORTHS AFRICA (CONTINUED) • Property, plant, equipment and software: Excluding non-comparable 0% stores and the new DC, depreciation decreased 13% due to assets Depreciation and becoming fully depreciated in the current period. amortisation • Right
Slide 26: Analysis of Trading Expenses (Continued)
A N A LY S I S O F T R A D I N G E X P E N S E S TRUWORTHS AFRICA (CONTINUED) • Costs not directly comparable to prior period due to introduction of charged-off portfolio in prior period. • Net bad debt and related costs, excluding the movement in the expected credit loss (ECL) allowance, increased
Slide 27: Profit Before Finance Costs and Tax
P R O F I T B E F O R E F I N A N C E C O S T S A N D TA X TRUWORTHS AFRICA (Rbn) (%) 4.0 40 35 34 3.5 35 31 32 29 3.0 30 2.5 27 25 26 2.0 23 23 20 20 1.5 15 1.0 10 0.5 5 2.9 3.5 3.7 3.2 2.8 - - Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2025 (52 wks)* Profit before finance costs and tax EBITDA margin
Slide 28: Capital Expenditure
C A P I TA L E X P E N D I T U R E TRUWORTHS AFRICA Actual Actual Committed Change on Jun 2025 Jun 2024 Jun 2026 prior period Rm Rm Rm % Store renovations and 220 236 231 (7) development Computer infrastructure 30 41 49 (27) and software Land, buildings and 2 1 11 100 refurbishments Motor vehicles 1
Slide 29: Cash Flow Analysis
Cash realisation rate 108% C A S H F LO W A N A LY S I S (2024: 100%) TRUWORTHS AFRICA (Rm) 5 000 Net cash decrease after month-end payments 4 500 Includes R214 million = c R438 million (normalised 31 (468) for the new DC cash realisation rate 91%) 4 000 1 250 (659) 3 500 3 000 325 (177) (840) 2 500
Slide 30: Financial Review: Office UK
2 FINANCIAL REVIEW OFFICE UK 30
Slide 31: Financial Performance: Office UK Pro Forma
FINANCIAL PERFORMANCE OFFICE UK - PRO FORMA Retail sales: EBITDA: Gross margin: EBITDA margin: £318.6m £75.6m 47.1% 23.5% 10% 11% 0.1ppts 0.4ppts Jun 2024: £290.4m Jun 2024: £67.9m Jun 2024: 47.0% Jun 2024: 23.1% Profit before Profit Trading Operating finance costs and tax: before tax: margin: m
Slide 32: Income Statement: Office UK
I N C O M E S TAT E M E N T OFFICE UK – PRO FORMA Adjusted current year figures Jun 2025 Jun 2024 Change on exclude the following: 52 weeks 52 weeks prior period • a right-of-use asset £m £m % impairment reversal of £0.8 million Sale of merchandise 321.3 294.3 9 Cost of sales (170.1) (155.9) 9 Adjus
Slide 33: Geographic Sales and Number of Stores
G E O G R A P H I C S A L E S A N D N U M B E R O F S TO R E S OFFICE UK Trading space increased by 6.4% Retail sales Retail sales Change on Number of Number of Jun 2025 Jun 2024 prior period stores* stores* £m £m % Jun 2025 Jun 2024 United Kingdom 303.9 276.8 10 80 79 Republic of Ireland 14.7 13.6
Slide 34: Stores
S TO R E S OFFICE UK Stores Stores June June 2024 Store Movement Net 2025 Office standalone stores 71 (2) 3 1 72 Offspring standalone stores 4 4 Office concession stores 1 1 Offspring concession stores 10 10 TOTAL 86 (2) 3 1 87 STORES CLOSED STORES OPENED 34
Slide 35: Sales Densities Trend
SALES DENSITIES TREND OFFICE UK £per m2 16 691 17 000 15 887 15 694 15 000 13 000 12 367 11 532 11 000 10 400 9 000 7 435 7 000 5 000 Jun 2019 Jun 2020 Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2025 (52 wks)* * Weeks 2 - 53 (5 July 2021 - 3 July 2022) 35
Slide 36: Gross Profit Trend
GROSS PROFIT TREND OFFICE UK (£m) (%) 160 47.0 47.1 50 44.2 45.2 140 41.5 40 120 100 30 80 20 60 40 10 20 81.5 99.1 120.0 138.4 151.2 - - Jun 2021 Jun 2022 Jun 2023 Jun 2024 Jun 2025 (52 wks)* Gross profit Gross margin * Weeks 2 - 53 (5 July 2021 - 3 July 2022) 36
Slide 37: Analysis of Trading Expenses
A N A LY S I S O F T R A D I N G E X P E N S E S OFFICE UK Change on Jun 2025 Jun 2024 prior period £m £m % Depreciation and amortisation 14.1 12.9 9 Employment costs 32.0 29.7 8 Occupancy costs 17.8 17.1 4 Other operating costs 30.4 27.4 11 Trading expenses 94.3 87.1 8 37
Slide 38: Analysis of Trading Expenses (Continued)
A N A LY S I S O F T R A D I N G E X P E N S E S OFFICE UK (CONTINUED) 9% • • Depreciation on property, plant, equipment and software increased 5%. Depreciation on right-of-use assets increased 13% due to net impairment reversals (December 2023 £4.1m, Depreciation and June 2024 £1.5m) together with
Slide 39: Profit Before Finance Costs and Tax
P R O F I T B E F O R E F I N A N C E C O S T S A N D TA X OFFICE UK (£m) (%) 30 60 23.1 23.5 25 50 20.6 18.6 20 40 15. 5 18.7 19.1 16.8 15 30 16.0 10 20 10.2 10 5 20.0 35.8 44.5 55.0 61.5 - - Jun 2021^ Jun 2022 Jun 2023^ Jun 2024~ Jun 2025~ (52 wks*)^ Profit before finance costs and tax EBITDA marg
Slide 40: Capital Expenditure
C A P I TA L E X P E N D I T U R E OFFICE UK Actual Actual Committed Change on Jun 2025 Jun 2024 Jun 2026 prior period £m £m £m % Store renovations and 5.4 6.5 6.4 (17) development Distribution facilities 0.2 0.3 0.1 (33) Computer infrastructure 1.5 1.1 3.6 36 and software Total 7.1 7.9 10.1 (10) 40
Slide 41: Cash Flows
Cash realisation rate 88% C A S H F LO W S (2024: 96%) OFFICE UK (£’000) 80 000 70 000 (6 740) 4 188 (1 852) (13 136) 60 000 (436) 50 000 (11 293) (6 636) 40 000 75 094 (1 293) 30 000 57 118 20 000 39 189 37 896 10 000 - Cash Working Interest Finance Tax Capex Free Lease liabilities Capex Cash Other
Slide 42: Account Management
3 AC C O U N T M A N AG E M E N T 42
Slide 43: TU SA Consumer Credit Index
TU SA CONSUMER CREDIT INDEX RECOVERY REMAINS FRAGILE The TransUnion Africa Consumer Credit Index (CCI) recorded a modest increase to 52 in the first half TransUnion SA Consumer Credit Index 70 of 2025, its highest level since 2022. While this may point to a gradual recovery from the record low of 39
Slide 44: Book Balance Distribution by Behaviour Score
BOOK BALANCE DISTRIBUTION BY BEHAVIOUR SCORE Goal over last 4 years has been Sustained growth of good balances to improve balance health Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 RISK 44
Slide 45: Truworths vs Competitors: Average Instalment
T R U W O R T H S V S C O M P E T I TO R S AVERAGE INSTALMENT Rand Truworths Low Risk Truworths Medium Risk Average Instalment Truworths High Risk Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 COMPETITORS HIGH RISK COMPETITORS MEDIUM RISK COMPETITORS LOW RISK TRUWORTHS HIGH RISK TRUWORTHS MEDIUM RISK TRUWORTHS
Slide 46: New Accounts: Risk Approved vs Opened
NEW ACCOUNTS RISK APPROVED VS. OPENED Number of Applications vs Risk Approved and Opened percentages 6 45% Millions 37% 38% 40% 5 35% 35% 31% No of Applications 4 27% 28% 30% 26% 26% 24% 24% 23% 22% 22% 25% 3 19% 18% 17% 20% 16% 16% 15% 2 13% 15% 10% 1 5% 2.1 1.8 2.2 2.8 3.5 3.8 5.0 5.4 5.3 5.5 0 0%
Slide 47: Applicant Age Distribution
APPLICANT AGE DISTRIBUTION >50: 8% <24: 25% 40-49: 16% 43% of applicants are 29 years old or younger 35-39: 15% 25-29: 18% 30-34: 18% <24 25-29 30-34 35-39 40-49 >50 47
Slide 48: Trade Receivables Statistics
T R A D E R E C E I V A B L E S TAT I S T I C S TRUWORTHS AFRICA Jun Jun 2025 2024 Number of active accounts (000's) 2 855 2 870 Change in number of active accounts (%) (1) 3 Gross active trade receivables (before expected credit losses) (Rm) 6 448 6 425 Change in gross active trade receivables (bef
Slide 49: Truworths Strategic Initiatives: Aspirational Fashion
4 TRUWORTHS S T R AT E G I C I N I T I AT I V E S A S P I R AT I O N A L FA S H I O N 49
Slide 50: Buying & Range Building Initiatives
BUYING & RANGE BUILDING I N I T I AT I V E S • Buy colour statements and deeper volumes of key items across colours in ladies, mens and kids, supported by our quick response capability • Focus on category consolidation to drive improved value and reduce overlap • Increase collaboration with internat
Slide 51: Buying & Planning Initiatives
B U Y I N G & P L A N N I N G I N I T I AT I V E S • Improve allocation models by leveraging Part Allocation capabilities of new Truworths Africa distribution centre • Enhancements to replenishment systems for improved in-stock percentages without increasing stockholding • Use enhanced modelling to
Slide 52: Brand Building & Expansion Initiatives
B R A N D B U I L D I N G & E X PA N S I O N I N I T I AT I V E S • Enhance the Identity Megastore, with differentiated product and customer experience creating youthful energy and trendy appeal • Development of new experimental concept • Capitalise on the strength and expand ranges of the unique de
Slide 53: Speciality Product & Brand Expansion
SPECIALITY PRODUCT & BRAND E X PA N S I O N • Grow our range within Ladies Accessories & Bags • Expand offering and presence in the beauty segment • Aggressively roll out our newer brands 53
Slide 54: Truworths Strategic Initiatives: Supply Chain
4 TRUWORTHS S T R AT E G I C I N I T I AT I V E S S U P P LY C H A I N 54
Slide 55: Supply Chain, Distribution & Logistics
S U P P LY C H A I N, D I S T R I B U T I O N & LO G I S T I C S • Complete transition to new Truworths Africa DC and leverage enhanced functionality • Continue to improve efficiency of CMTs through investment in newer technologies to improve productivity and quality • Continue to build internal des
Slide 56: Truworths Strategic Initiatives: Customers
4 TRUWORTHS S T R AT E G I C I N I T I AT I V E S CUSTOMERS 56
Slide 57: Customers
C U S TO M E R S • Improvements to our predictive capability with the use of AI and alternate data sources to • Optimise credit limits • Develop alternative credit products • Leverage our large loyalty base (>20 million) • Enhance our CRM strategies • Continue to improve our digital offering to prom
Slide 58: Truworths Strategic Initiatives: Retail Presence
4 TRUWORTHS S T R AT E G I C I N I T I AT I V E S R E TA I L P R E S E N C E 58
Slide 59: Real Estate & Store Concept Expansion
R E A L E S TAT E & S TO R E C O N C E P T E X PA N S I O N • Refine new Truworths Re-Imagined store concept and continue roll out to existing ‘old format’ large Emporium stores • Develop new Emporium and stand-alone formats and concepts • Expansion of existing brands/departments, including Truworth
Slide 60: Strategic Initiatives: Office UK
4 S T R AT E G I C I N I T I AT I V E S OFFICE UK 60
Slide 61: Real Estate Expansion & Modernisation
R E A L E S TAT E E X PA N S I O N & M O D E R N I S AT I O N • Continue the Office real estate expansion and modernisation programme • 13 projects approved and several other projects being evaluated • Grow Offspring retail store presence and remodel key stores • Leverage collaboration opportunities
Slide 62: Customers
C U S TO M E R S • Leverage enhanced functionality of newly developed Office and Offspring apps • Significantly grow the marketable (opt-in) customer database • Embed the well established (in Truworths) champion/challenger methodology to considerably increase the number of tests performed 62
Slide 63: Distribution & Fulfilment Enhancements
DISTRIBUTION & FULFILMENT ENHANCEMENTS • Increase capacity and improve automation capability for online orders in the Kilmarnock DC, with resultant cost savings • Improve web order fulfilment from stores through greater visibility of stock on hand 63
Slide 64: System Enhancements
SYSTEM ENHANCEMENTS • Large scale replacement of the Office merchandising systems • Improve management of stock allocations, replenishment, size curves, pricing/markdown execution, and DC stock handling • Upgrade point-of-sale system with significantly enhanced functionality 64
Slide 65: Environmental, Social and Governance
5 ENVIRONMENTAL, SOCIAL AND GOVERNANCE 65
Slide 66: Social & Environmental
S O C I A L & E N V I R O N M E N TA L Continued social and environmental best practice alignment with the United Nations Sustainable Development Goals, specifically these 7: NO GOOD HEALTH QUALITY POVERTY AND WELL-BEING EDUCATION End poverty in all its forms Ensure healthy lives and Ensure inclusiv
Slide 67: Governance
GOVERNANCE • Ongoing refreshment of the non-executive component of the board • New independent non-executive director appointed effective 1 October 2024 with responsibility as audit committee chairman • Succession for long-serving non-executive directors is an ongoing key focus of the board • Nine n
Slide 68: Outlook
6 O U T LO O K 68
Slide 69: Outlook: Sales and Trading Space
O U T LO O K SALES AND TRADING SPACE • Group retail sales for the first seven weeks of the 2026 financial period decreased by 0.1% compared to the prior period • Group’s gross profit for the same period was marginally positive, despite the level sales performance, due to lower end-of-season promotio
Slide 70: Outlook: Truworths Africa
O U T LO O K TRUWORTHS AFRICA • Unlock growth by enhancing the appeal of Truworths’ aspirational fashion ranges and value proposition • targeted merchandise buying, planning and range building initiatives • Growth will be supported by • expanding the merchandise offering in categories that support t
Slide 71: Outlook: Truworths Africa
O U T LO O K TRUWORTHS AFRICA • Ongoing uncertainty and volatility in global markets • continue to weigh on South Africa’s economy and currency, stalling prospects for a sustained economic recovery • Consumer discretionary spending is expected to remain constrained • low economic growth, subdued con
Slide 72: Outlook: Office UK
O U T LO O K OFFICE UK • Improved quality of Office’s stores in recent years enhanced its appeal to major footwear brands, leading to increased product allocations from key global suppliers • Office’s unique positioning remains a key strength of the brand • Aims to remain at the forefront of women’s
Slide 73: Questions
7 QUESTIONS 73
Slide 74: Investor Relations
FOR ANY INVESTOR RELATIONS MATTERS, KINDLY SEND AN E-MAIL TO: I N V E S T O R R E L A T I O N S @TRUWORTHS.CO.ZA 74
Slide 75: Disclaimer
DISCLAIMER T H I S A N N O U N C E M E N T C O N TA I N S C E R TA I N F O R W A R D - LO O K I N G S TAT E M E N T S W I T H R E S P E C T TO T H E F I N A N C I A L C O N D I T I O N A N D R E S U LT S O F O P E R AT I O N S O F T R U W O R T H S I N T E R N AT I O N A L L I M I T E D A N D I T S
Slide 76: Appendices
APPENDICES 76
Slide 77: Summarised Group Statements of Financial Position
Summarised Group Statements of Financial Position 77 at 29 Jun cat 30 Jun 2025 2024 Audited Audited Note Rm Rm ASSETS Non-current assets 8 661 8 553 ,, plant and equipment 2768 2533 Rightofuse assets 3341 3545 Intangible assets 1625 1534 Goodwill 294 294 loans and receivables 28 28 Assets held at fa
Slide 78: Summarised Group Statements of Comprehensive Income
Summarised Group Statements of Comprehensive Income to 30 Jun 2024 Audited Rm Revenue 9 23071 22 436 Sale of merchandise 9 21323 3.2 20 664 Cost of sales (10 389) (9 859) Gross profit 10 934 1.2 10 805 Other income 9 405 562 Intangible asset impairment reversal - 1019 Trading expenses (8.447) 3.4 (8
Truworths International — FY2025 Earnings Presentation on 6ix