WHS - The Warehouse Group FY26 Annual Results

Wednesday 30th September 2026

The Warehouse Group reports strong profit growth in FY26

Summary for the 52 weeks ended 2 August 2026:

• Reported sales were $3.0 billion, down 1.9% on a 53-week FY25, up 0.4% on a comparative 52-week same-store basis [Footnote 1]

• Group gross profit margin up 40 basis points to 32.6%

• Cost of doing business reduced by $29.8 million to 31.8% of sales, an improvement of 40 basis points

• Operating profit [Footnote 2] (EBIT pre-NZ-IFRS 16) increased to $22.6 million from $1.3 million in FY25

• Reported net profit after tax increased to $11.2 million from $2.8 million net loss after tax in FY25

• Operating cash flow improved by $121.2 million to $193.5 million, capital expenditure increased to $21.1 million from $12.4 million in FY25 with investment primarily directed to stores

• Net debt reduced to $17.0 million from $96.1 million in FY25

• No final dividend has been declared for FY26

Footnote 1: FY25 was a 53-week financial year ending 3 August 2025, compared to 52 weeks in FY26. Same-store sales removes the 53rd week of FY25, excludes online, NLG Commercial, and the impact of opening and closing of stores during the reported and comparable year.

Footnote 2: Operating Profit (EBIT pre-IFRS16) excludes the impact of NZ IFRS16 and unusual items and is a non-GAAP measure.

Please refer to the attached:

1. WHS FY26 Media Release

2. WHS FY26 Investor Presentation

3. WHS FY26 Annual Report

4. WHS FY26 Results Announcement

5. WHS FY26 Sustainability Report

6. WHS FY26 Q4 Sales Report

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