LEWIS GROUP LIMITED - Trading Update for the Nine Months ended December 2025

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number: 2004/009817/06
Share code: LEW
ISIN: ZAE000058236
Bond code: LEWI
("Lewis Group" or "the group")


TRADING UPDATE FOR THE NINE MONTHS ENDED DECEMBER 2025


Lewis Group delivered a solid performance for the nine months to December 2025, with
total revenue increasing by 11.1%, driven by strong growth in credit sales and other
revenue, despite constrained discretionary consumer spending.


Group merchandise sales grew by 7.1%. Credit sales increased by 9.1%, accounting for
69.4% (Dec 2024: 68.2%) of total sales. Cash sales increased by 2.8% for the nine months.


Group merchandise sales for the third quarter to December 2025 increased by 7.8%,
supported by strong Black Friday sales across all brands, following growth of 8.9% and
4.6% for the first and second quarters respectively.


Comparable store sales grew by 4.3% for the nine-month period and 4.9% for the third
quarter.


Other revenue, consisting of effective interest income and ancillary services income as well
as insurance revenue, benefited from the strong credit sales in recent years, increasing by
16.2% for the nine months and 15.2% for the third quarter.


The collection rate remained resilient at a satisfactory 78.3% for the nine months (Dec
2024: 79.6%), consistent with the rate reported for the half year to September 2025.


Debtor costs grew by 14.8% for the nine-month period and by 16.9% for the third quarter
primarily driven by the growth in the debtors book and continued macro-economic pressure
on consumers.


The financial information in this trading update is the responsibility of the directors and has
not been reviewed or reported on by the group's independent auditor. The group's annual
results for the year to 31 March 2026 are expected to be released on SENS on or about 28
May 2026.

Cape Town
27 January 2026

Sponsor
The Standard Bank of South Africa Limited

Debt Sponsor

Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 27-01-2026 07:05:00

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