The Warehouse Group FY25 Annual Results

02/10/2025 08:30 NZDT, FLLYRP

The Warehouse Group announces FY25 Annual Results, marking a year of reset and progress

Highlights

• Group Sales, up 1.6% to $3.1 billion, flat on a 52-week same store sales comparable basis;

• The Warehouse Sales were up 1.4% to $1.8 billion;

• Warehouse Stationery Sales were down 2.5% to $226.0 million;

• Noel Leeming Sales were up 3.3% to $1.0 billion;

• Gross Profit Margin was down 140 basis points to 32.2%;

• Cost of Doing Business (CODB) reduced as a percentage of sales by 40 basis points to 32.2%.

• Operating Profit (EBIT pre-NZ IFRS 16) of $1.3 million, down from $28.9 million in FY24;

• Reported Net Loss After Tax was $2.8 million (FY24: Net Loss After Tax $54.2 million);

• Capital Expenditure tightly controlled at $12.4 million, down from $39.0 million in FY24;

• Net Debt was $96.1 million, due to the timing of year end, and net cash flows in the 53rd week including month end supplier payments. If year end had of been at the same time as FY24, net debt would have been approximately $13 million;

• No dividend declared for the financial year.

Please refer to the attached:

1. WHS FY25 Media Release

2. WHS FY25 Investor Presentation

3. WHS FY25 Annual Report

4. WHS FY25 Results Announcement

5. WHS FY25 Sustainability Report

6. FY25 Q4 Sales Report