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City Chic Collective Limited (ASX:CCX)

ALERT: Price-sensitive ASX Announcement for CCX
Current share price for CCX : $0.040 -0.036 (-47.37%)+
Announcement
Release
28 Aug 2025 8:13AM
Price at Release
$0.076
Full Release
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Summary
City Chic Collective Limited delivered a strong financial performance in FY25, with an Underlying EBITDA of $6.4 million, marking a significant turnaround amidst challenging macroeconomic conditions. The company reported a revenue increase of 2.3% to $134.7 million and achieved substantial cost efficiencies, reducing labor and other operational expenses significantly. Growth was driven by strong performances in the ANZ region, especially in online and comparable store sales, while USA branded product sales also increased notably. The company maintained strict inventory management and began FY26 with continued revenue momentum. Looking ahead, City Chic plans to expand its store footprint and anticipates improved economic conditions in ANZ, contributing to further growth.
Key Points
  • City Chic Collective Limited reported a $6.4 million Underlying EBITDA for FY25, marking a $14.8 million improvement from the previous year.
  • Group revenue increased by 2.3% to $134.7 million, with trading gross margin dollar growth of 9.1%.
  • The company achieved significant cost reductions, including a 16.5% reduction in labor costs and nearly 29% reduction in other expenses.
  • ANZ revenue grew by 8.3%, driven by a 10.9% increase in online sales and an 8.4% rise in comparable store sales.
  • City Chic's USA revenue from branded products grew by 25.6%, although total USA revenue decreased by 14.9% due to changes in product lines.
  • The company managed inventory efficiently, reducing it by 12% to $27.1 million.
  • Positive revenue momentum from 2H FY25 continued into FY26 with revenue exceeding forecasts.
  • City Chic plans to open 6-8 new stores in FY26 and expects economic conditions in ANZ to improve.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.