Lovisa (LOV) H2 2025 earnings summary

Executive summary

• Delivered solid FY 2024 results with total sales up 14.2% year-over-year, driven by global store network expansion and improved comparable store sales, up 1.7%.

• EBIT rose 8.2% to AUD 138.7 million and NPAT grew 4.8% to AUD 86.3 million, reflecting solid earnings growth.

• Opened 162 new stores, expanding the network to 1,031 stores across 50+ markets.

• Final unfranked dividend of AUD 0.27 per share, with full-year dividends totaling AUD 0.77.

• Leadership transition completed with new CEO and strengthened executive team.

Financial highlights

• Revenue reached AUD 798.1 million, up 14.2% from FY24; gross profit rose 15.7% to AUD 654.7 million.

• Gross margin improved by 100 basis points to 82.0%, continuing a multi-year trend of margin expansion.

• EBITDA increased 11.4% to AUD 249.0 million; EPS up 2.7 cents to 78.1 cents.

• Cash from operations before interest and tax was AUD 243 million; cash capex was AUD 55 million.

• Net debt at year-end was AUD 34.4 million, with available cash facilities of AUD 120 million.

Outlook and guidance

• Trading for the first eight weeks of FY 2026 saw comparable store sales up 5.6% and total sales up 28% year-over-year.

• Store rollout momentum expected to continue, with 16 new stores opened and 6 closures since year-end.

• Continued focus on expanding both physical and digital store networks, with structures in place to support ongoing growth.