The Warehouse Group FY25 Annual Results

FLLYR
Thu, Oct 02 2025 08:30 am

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


Announcement PDF


Markets News

Leaders, property sector helps drive NZ stocks higher
Markets Market Close

Leaders, property sector helps drive NZ stocks higher

The S&P/NZX 50 Index was 62.33 points or 0.46% higher at 13,514.09.

Jamie Gray 03 Oct 2025
Infrastructure

Northport expansion gets green light, updated conditions

Shares in Port of Tauranga, which owns 50% of Northport, rose 2% after the news.

John Anthony 03 Oct 2025
Northport expansion gets green light, updated conditions
Economy

Govt outlines strategy to deliver Defence Capability Plan

The economy and NZ industry would be beneficiaries.

Staff reporters 03 Oct 2025
Govt outlines strategy to deliver Defence Capability Plan