How Is Adairs Balancing Growth and Challenges in Its FY25 Reset?

• Group sales rose 6.5% to $618.1 million, led by Adairs (+9.5%) and Mocka (+14.7%)
• Underlying EBIT grew modestly by 1.4% to $55.2 million, with Focus on Furniture EBIT down 36.6%
• Statutory net profit after tax declined 18.5% to $25.7 million amid transition costs
• Vision 2030 strategic framework launched, including a $25–30 million ERP technology upgrade