SHAVER SHOP GROUP LIMITED ANNUAL

Operating and Financial Review

Operating and Financial Review Non-IFRS measures The Directors’ Report includes references to non-IFRS financial measures. The Directors believe the presentation of non- IFRS financial measures are useful for the users of this financial report as they provide additional and relevant information that reflect the underlying financial performance of the business. Non-IFRS financial measures contained within this report are not subject to audit or review. 5 ylno esu lanosrep roF Shaver Shop Group Limited Directors' report 30 June 2026 Group Results Reported Reported Increase 2026 2025 (Decrease) $000 $000 % Sales 225,100 218,598 +3.0% Gross profit 104,203 99,516 4.7% Gross margin % 46.3% 45.5% 1.7% Operating expenses (costs of doing business) (63,288) (60,160) 5.2% Operating expenses % of sales (costs of doing business) 28.1% 27.5% 2.2% Earnings before interest, tax, depreciation & amortization (EBITDA) 40,915 39,356 4.0% EBITDA margin 18.2% 18.0% 3.5% Depreciation & amortisation – non-lease (2,605) (2,224) 17.1% Depreciation & amortisation – right of use assets (leases) (15,547) (14,664) 6.0% Earnings before interest & tax (EBIT) 22,763 22,468 1.3% EBIT margin 10.1% 10.3% -1.6% Interest expense - borrowings (23) 140 N/A Interest expenses - leases (1,951) (1,514) 28.9% Income tax expense (5,983) (6,170) -3.0% Net profit after tax (NPAT) attributable to owners 14,805 14,924 -0.8% Earnings per share (EPS) - basic (cents) 11.3 11.5 -1.7% Dividends per share (cents)* 10.3 10.3 0.0% * Reflects the period from which the dividends were declared - not the financial period in which they were declared and paid - accordingly the FY2026 final dividend has been included in the table above. The FY2026 final dividend is to be paid in September 2026. In FY2026, the Company’s consolidated revenue increased by 3.0%, or $6.5 million, to $225.1 million (FY2025 - $218.6 million). The sales increase was driven primarily by: ● Online sales growth of 9.1% (or $4.5 million) to $54.3 million. Online sales represented 24.1% of total sales in the year (FY2025 – 22.7%); and ● In-store sales growth of 1.2% or $2.0 million. Like for like sales growth (which includes online sales) was up +0.8% in FY2026 (FY2025 – down -0.1%). In addition to this, Shaver Shop opened 3 new stores at Bathurst, NSW, Eastern Creek Quarter, NSW and Albany, NZ. On 30 June 2026, Shaver Shop closed its Northlands, NZ l