Premier Investments (ASX:PMV) Reports FY25 Results with 31.1% NPAT Growth
Financial Performance
Premier Investments Limited reported a statutory net profit after tax (NPAT) of $338.2 million for FY25, marking a 31.1% increase from FY24. Retail sales reached $812.2 million, a 0.9% rise year-on-year, while the underlying EBIT margin stood at 24.1%.
Dividend Declaration
The Board approved a final fully franked FY25 ordinary dividend of 50 cents per share. This dividend ensures that over the past five years, Premier has rewarded shareholders with $825.4 million in cash dividends, a $1.03 billion In-Specie Distribution of Myer shares, and $740.9 million in franking credits.
Sale of Apparel Brands to Myer
On 26 January 2025, Premier successfully sold the Apparel Brands to Myer, transitioning to a high-margin two-brand business with Peter Alexander and Smiggle. Premier no longer holds any interest in Myer shares following the In-Specie Distribution completed on 6 February 2025.
Operational Highlights
Premier maintains a strong cash position of $333.3 million and a clean inventory to commence FY26. Sales momentum continues with improved performance in the first six weeks of 1H26.
Executive Comments
Chairman Mr Solomon Lew stated, “FY25 has been a year of significant change for Premier. From working through a robust due diligence process with Myer, to completing the sale of the five-brand Apparel Brands business to Myer on 26 January 2025, to emerging as a high-margin two brand business across multiple countries – this year has been both challenging and exciting. Premier’s transformation, although still ongoing, ensures that the business is best placed to maximise future opportunities and deliver for shareholders.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
