Nick Scali Limited · ASX:NCK
Nick Scali — Investor Presentation (February 2026)
16 slides from Nick Scali's investor presentation, Feb 13, 2026
Slide 1: 1H FY26 Results Presentation
1H FY26 Results Presentation 13 February 2026
Slide 2: 1H FY26 Summary
1H FY26 Summary ANZ Group • Written Sales up 10.5% vs prior year. • Revenue $251.7m, up 13.1% vs prior year. • 1H gross profit margin was 65.9%, up 1.5pp from 1H FY25 and 0.9pp higher than FY25. • Net Profit after tax $46.6m, up $10.6m or 29% on 1H FY25 underlying and up $12.5m or 37% on 1H FY25 sta
Slide 3: Written Sales Orders and Group Revenue
Written Sales Orders and Group Revenue ANZ Group Written Sales Orders 1H FY26 $229.8m ANZ Group Revenue 1H FY26 $251.7m Change versus 1H FY25 +10.5% Change versus 1H FY25 +13.1% Written Sales for 1H FY26 were up 10.5% vs prior year with growth across ANZ 1H revenue growth 13.1%, reflecting higher wr
Slide 4: Group Financial Performance $m
Group Financial Performance $m H1 FY26 H1 FY252 ANZ Group ANZ UK Group Group ANZ Group gross margin 1H at 65.9%, vs 1H FY25 at 64.4%. Sales Revenue 251.7 17.6 269.3 251.1 ANZ underlying2 1H FY26 operating expenses increased by Cost of sales (85.9) (7.2) (93.1) (94.8) $5m compared to the prior year,
Slide 5: Group Cashflow $m
Group Cashflow $m Group Operating cashflows 1H FY26 1H FY25 Cash of $53.4m generated from ANZ operating activities in 1H FY26 (including operating lease and interest payments) compared to $44.1m Operating cash flows net of lease liabilities 1H FY25. repayments and lease interest payments 51.5 29.0 U
Slide 6: Group Balance Sheet $m
Group Balance Sheet $m Dec 2025 Jun 2025 Inventory – On hand Cash and deposits 91.7 101.0 ANZ DCs ANZ showrooms UK DC UK showrooms Total Inventory – in transit 14.6 13.5 Dec 2025 13.6 23.0 1.6 3.8 42.0 Inventory – on hand 42.2 44.6 Jun 2025 15.7 23.5 1.9 3.5 44.6 Property at net book value 132.4 120
Slide 7: Nick Scali in the UK
Nick Scali in the UK Image: Nick Scali Thurrock store. 7
Slide 8: UK Summary
UK Summary Written Sales Orders Leadership • Sales orders continued to improve • Further consolidation of UK head during the half as more stores were office roles as Australian operational rebranded. processes are adopted in the UK, driving greater efficiency across the group. • 4 rebranded Nick Sca
Slide 9: Store Network
Store Network New Long term June 25 Dec 25 • New Plush showroom opened Nov 25 in Bendigo, VIC. locations3 Opportunity1 • Five further new stores for FY26 (3 Nick Scali, 2 Plush), Nick Scali bringing total planned new stores in FY26 to 6 new locations. Australia 60 -1 59 73 • UK Lincoln store closed
Slide 10: Outlook
Outlook Outlook ANZ Written sales for the month of Jan 26 increased by 3.1%, like for like written sales increased 3.2%. During the second half a further 5 new stores are planned for opening with additional opportunities currently being reviewed. UK With the store refurbishment now mostly complete m
Slide 11: Q&A
Q&A 11
Slide 12: 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 13: Supporting Information
Supporting Information 13
Slide 14: Appendix A – Underlying Group NPAT Reconciliation $m
Appendix A – Underlying Group NPAT Reconciliation $m ANZ costs resulting 1H FY26 1H FY25 UK Restructuring from freight forwarder 1H FY25 Statutory Statutory & integration costs business failure Underlying Sales Revenue 269.3 251.1 – – 251.1 Cost of sales (93.1) (94.8) – – (94.8) Gross Profit 176.2 1
Slide 15: Appendix B – Underlying EBITDA and EBIT Reconciliations $m
Appendix B – Underlying EBITDA and EBIT Reconciliations1 $m 1H FY26 ANZ 1H FY26 UK 1H FY26 Group 1H FY25 Group Profit (loss) before tax 66.9 (5.6) 61.3 48.4 Finance costs 8.0 0.9 8.9 8.5 Interest income in Other income (1.6) (0.1) (1.7) (2.1) Depreciation and amortisation 23.6 4.5 28.1 27.0 EBITDA 9
Slide 16: Appendix C – Lease Expense $m
Appendix C – Lease Expense $m 1H FY26 1H FY25 Group ANZ UK Group Property Expense 9.2 7.1 2.1 8.8 AASB16 depreciation expense 23.9 19.8 4.1 23.4 AASB16 Interest Expense 6.8 5.9 0.9 6.2 Total property expenses statutory 39.9 32.8 7.1 38.4 AASB16 depreciation expense (23.9) (19.8) (4.1) (23.4) AASB16