Retail

• OperatingCash Flowsurged 38% to $32.4m;Balance Sheetholds $4.6m net cash with zero debt

• Adjusted PBT (excluding AASB 16, property revaluations and FY26 penalty) increased 10.9% to $654.7m

• Total FY26 ordinaryDividendincreased 22.5% to 337 cents per share

• Comparable-store sales grew 2.0%; 160 new stores opened, taking the global network to 1,136 stores

• Reported EBITDA swung to a $7.4m loss vs $17.4m profit previously; adjusted EBITDA was still $1.7m positive

•Working Capitalinitiatives generated $68.5m of cash in 2H FY26, with cash conversion at 109.4%

• Sales outside the US increased 14% to $420m, reducing dependence on the challenging US luxury market