PMV Analysis: FY25 AGM and Trading Update

Published 6 Dec 2025 • 3 min • PMV

Event: FY25 AGM and Trading Update | Date: 2025-12-05 | Source: Premier Investments ASX Announcement

Soft Guidance Reflects Persistent Consumer Pressures

Premier Investments released its FY25 AGM update on 5 December 2025, providing a trading snapshot and first-half FY26 guidance amid challenging retail conditions. The company expects Premier Retail's underlying EBIT (pre-AASB 16) for the 26 weeks ending 24 January 2026 to be around $120 million, implying a year-on-year decline from the prior period's $134 million. Management highlighted ongoing cost-of-living impacts constraining discretionary spending, though Black Friday and Cyber Monday delivered record sales for Peter Alexander. Premier Retail entered FY26 with a clean inventory position, and the board announced a 12-month on-market share buyback of up to $100 million, signaling confidence in the company's value. Current trading remains under pressure, with consumers cautious ahead of key holiday and back-to-school periods. Source: Premier Investments ASX Announcement.