Ladies and gentlemen, welcome to Shaver Shop Group results, presentation and investor conference call for the 2026 financial year. Please. Note that today's call is being recorded. There will be. A presentation followed by a Q&A session Presenting today will be. Cameron. Fox Shaver Shop Group CEO and Managing Director and Larry Hamson Shaver Shop Group, CFO and. Company Secretary. If you wish to follow along with the slides. Shaver Shop Group presentation has been lodged with the ASX and is also available from Shaver Shop Group. Investor Centre website I will now hand you over to Cameron Fox. Please go ahead. Good morning, ladies and gentlemen, and thank you for joining us today. As we present Shaver Shop Group annual results for 2026. I just one housekeeping item before we get started. As always, please note our disclaimer in the appendix to the presentation around forward looking statements. In terms of agenda, we'll first revisit our strategy in some of the factors that make Shaver Shop Group business model unique in the market, and we'll place for the future. I'll then cover off some of the key financial and operational highlights before handing over to Larry, who will run you through the financial results in more detail. Lastly, we'll touch on FY 27 priorities and provide a brief update on trading over the last 6 to 7 weeks. Let's start with a snapshot of Shaver Shop Group slide four. As many of you know, we are one of the leading specialty retailers in Australia in personal care appliances This is an addressable market that spans all age brackets and demographics. The. Piggeries we sell are constantly evolving, with significant R&D by major global brands, meaning there is a continuous stream of innovation. Shaver Shop Group has 120 stores across Australia and NZ, and a strong online offering, which means our customers can easily shop with us regardless of where they live. Our. Model is highly differentiated. Firstly, we pride ourselves on our product knowledge and being the trusted advisor for each category Secondly, we have the deepest and broadest range in our core men's grooming categories with a high percentage of our sales coming from products that are exclusive to Shaver Shop Group. This means customers know they have the best chance of finding what they need and will leave our store with the right product for whatever the grooming need. Thirdly, we are a specialist retailer, which means we live, eat and breathe our categories. This passion helps us quickly spot upcoming consumer trends. And because we're still relatively small and nimble, we can adapt quickly to capitalise on the opportunities we see. Our core categories in men's grooming are particularly attractive, given men are increasingly choosing to follow a beauty regime and generally speaking, there is less competition versus, say, the likes of female beauty category. We have an experienced management team with more than 12 years average tenure in the business. We have a solid balance sheet with no debt, and we generate strong cash flow. This has enabled us to pay an attractive dividend while continuing to reinvest in growth opportunities for the business. Slide five speaks to our strategic growth initiatives, which are underpinned by strong business fundamentals. I have just discussed. Now there are three key pillars to our growth strategy. First, strategic category management. Second range expansion. And lastly store network optimisation. Each part is complementary to and reinforces the others strategic. Management means providing customers with a truly unique and engaging shopping experience by ensuring. We range products that. You simply cannot find elsewhere. This is through breadth of range as well as having a significant proportion of products that are only available through Shaver Shop Group. Transformyou is now a key component of this initiative, and an area that has significant future potential, and more on that later. Secondly, we are looking to expand our offering into new categories that are complementary to the core, as well as adding new and innovative brands. We are fortunate that there is no shortage of new brands and products coming to the market each year. Lastly, we are focused on optimising the returns from our store network. This means adding new stores where it makes sense. Relocating stores to better areas and shopping centres to optimise profitability. And lastly, refitting stores so that our customers have the best possible shopping experience. It also means potentially closing stores where it is the right call commercially. Our store. Network across Australia and New Zealand is now relatively mature, but we still see the opportunity to grow the store network to around 130 to 135 stores. Of course, if we are able to get in the right locations at acceptable rentals. With our business overview now covered, let's move on to how these initiatives transcended into our financial and operational highlights. Last year. Slide seven provides a snapshot of our financial highlights. We generated record sales of $225 million, up $6.5 million, or 3%, on last year. We also delivered record gross profit margins of 46.3%, up 80 basis points, which led to a record gross profit contribution of $104.2 million, up 4.7 million. This is the first time we have cracked the 100 million mark in terms of total gross profit Importantly, the performance of Transformyou was the key driver of this result Earnings before interest and tax, or Ebit, was up 1.3% to $22.8 million, leading to net profit of $14.8 million. We generated operating cash flow of $32.4 million, which was up $8.9 million compared to 2025, or up 38%. Now. This has enabled us to pay out fully franked dividends of 10.3 cents per share, and end of year, with net cash of $4.6 million. With no debt. So over. All. We delivered another very pleasing set of financial results for FY 26. And let's now turn our operational or our attention to operational highlights on slide eight. Of course, our financial metrics are underpinned by how well we execute operationally In-Store sales conversion was a standout last year at 47.1%, a record for Shaver Shop Group. Our. NPS score was 89.7. Again a record for Shaver Shop Group and our customer experience score was ranked 9.7 out of ten. Last year, we processed 2.1 million transactions across the store network, up 4.1%, and increased basket size at the same time. Our online channel also performed well with site visits up 6% and sales increasing 1.2%. Sales conversion increasing at 1.2%. This led to transactions through our websites and online marketplace stores, increasing almost 10% to 0.4 million. And online sales increasing 9.1% to 54.3 million. So in summary, we executed well both across our online and store channels. And this was a key driver of our solid financial performance in 2026. Slide nine illustrates our quarterly sales performance in FY 26, as well as our annual sales trend over the last five years. Our. Pleasingly, we grew sales in each quarter quarter four, however, was the standout with exceptional end of financial year sales, promotion, driving strong sales growth in June and for the quarter. Overall. Now we are seeing consumers being increasingly value conscious and focusing their shopping activity during the key promotional events like we saw in June. This is leading to an increase in sales volatility across the year. Pleasingly, we were able to more than offset a drop in average transaction value with an increase in sales volumes. Both online and in store, delivered sales growth last year, leading to total sales being up 3% to just over 225 million. The highest sales level achieved in the company's 40 year history. As mentioned before, we also generated our highest annual gross profit and gross profit margin. This is shown on slide ten. One of. The key drivers of the 80 basis point increase in gross profit margin was. The continued success of transform. You We expanded and deepened the range over the last 12 months, which helped the brand generate just over $18 million in sales last financial year. This is a fantastic result and we continue to be excited by transform used potential In addition, we launched Man in Australia under an exclusive license and continue to exclusively range brands like Skull Shaver and Epilady. We'll look. To add additional exclusive brands over time. Now that we've proven it can be successful for both Shaver Shop Group as well as the brand owners. As mentioned earlier, having exclusives is a critical aspect of our go to market model and strategy. Not only does it provide a unique customer value proposition, it also supports our margins. Once again, almost 50% of our total sales and nearly 60% of our total gross profit dollars came from exclusive lines. In. Importantly, the growth in gross profit margin was delivered despite mixed shifting towards some of our lower gross profit margin categories like hairstyling, oral care, and long term hair removal. When you look at the last five years, we've expanded margins by 240 basis points to 46.3% in FY 26, with a fairly consistent trend being evident across each period. Let's spend a bit more time on transform. You. Given it's become such an important part of our business in a short space of time. Now, remember, we only launched the two brand around 20 months ago. The intent was then and continues to this day to be feeling identified. Gaps in our range that could not be filled by our global supplier partners for whatever the reason, in the 20 or so months since launch Transform was growing to become our fourth largest brand, generating just over 8% of total sales in FY 26, up from 3.4% last year. We saw. Sold more than 300 000 transform units last year across more than 100 SKUs spanning Haircutting shaving appliances, wet shave consumables and accessories. Our deep domain knowledge in the sector has enabled us to quickly identify product offerings that resonate with customers. We see further growth opportunities for transform. You. Having launched its own website and social channels in the second half. While sales through the site are still quite small. We are focused on building Transform You brand awareness. We also are going to expand the range in existing as well as new categories. We'll be able to share some exciting news later this year, as these launches occur. We are also considering whether the Transform You brand could work in additional markets, both domestically and overseas. Noting that if this expansion does make sense, we'll be adopting a test and learn philosophy rather than placing any big bets upfront. The next slide shows some of the social and promotional activities we've run for transform You over the last six months. We fully stand behind the quality and value of the transform You range, and this is also recognised by consumers and evidenced by very high independent product ratings for transforming products on our website. In addition to social activity, we are also planning to use traditional advertising channels to make transform you more of a known quantity across Australia and New Zealand. As I mentioned earlier, we're very excited by what's to come for the Transform You brand, and we look forward to informing the market of these initiatives at the right time. Our key objective is for Transform you to help drive top line sales growth for Shaver Shop Group overall, and not just an opportunity to drive incremental gross margin. With that, I'll now hand over to Larry, who will run you through the financial results in more detail. Thanks very much, Cameron. As Cameron mentioned earlier, Shaver Shop Group set a number of new record highs in 2026. A number of these are reflected on slide 14. Firstly, sales. Increased $6.5 million to $225 million. Pleasingly off the back of a softer year last year. Online sales maintained the momentum from the first half of 2026 to close out the year, up 9.1% and represent just over 24% of our total sales in. In-Store sales were up 1.2%, or $2 million, to $171 million, with two more stores in the network by the end of the year. The. Record sales and gross margin has already been discussed by Cameron, so I won't belabor the point, but these factors led to gross profit being up $4.7 million, or 4.7%, to $104.2 million. Another new record total. Expenses of what we refer to are costs of doing business rose 5.2% to $63.3 million. The biggest impact here was the effect of the minimum wage award increase in Australia of 3.5%. In addition, we had incremental postage costs related to the online sales growth we delivered, as well as two additional stores which have their own fixed and variable expense bases. This led to Ebit growth of 1.3% to $22.8 million, and delivering an Ebit margin of 10.1%. Lease. Expenses increased in 2026 as we had a. Number of leases in the year, with the average remaining lease tenure. Average remaining lease tenure, I should say, now exceeding two years or up around 19% compared to 30th June last year with. The increase in average lease tenure. This leads to a commensurate increase in lease liabilities and lease interest, all else being equal, you'll see the corresponding increase in lease liabilities on the next slide. The increase in the store portfolio by an additional two stores is also a contributing factor, leading to the increase in lease, depreciation and interest at the bottom line, our Npat was basically flat down around $100,000 or just under 1% to $14.8 million, leading to diluted earnings per share of 11.3 cents. Also down just under 1%. Moving to our balance sheet on slide 15. Shaver Shop Group financial position remains very robust. We ended the year with net cash of $4.6 million, which is up $600,000 compared to last year. We have no debt and undrawn debt facilities amounting to $30 million at the 30th of June. These facilities are due to expire on the 31st of July, but we expect will be renewed well before that time. Stock levels rose $1.7 million to $30.9 million, reflecting our incremental investment in the Transformyou brand as well as increased stock from our exclusive distribution relationships. With all of these exclusive brands, including Transformyou, purchase order lead times are longer, and minimum order quantities are larger. Given we Shaver Shop Group act as a local distributor property. Plant and equipment increased by $1.5 million as we opened three new stores completed three stores, three full store refits and relocated four stores. That's a total. Of ten full store Fitouts. Last year. And as I mentioned on the last last slide, right of use assets and lease liabilities increased due to the significant number of renewals we undertook in 2026. Incidentally. Lease liabilities are now roughly back to the levels we had in 2020, when the new lease accounting standard came into effect. For those interested, seven years of balance sheets and profit and loss statements are included in the appendices to the presentation. You may recall that due to the uncertainty around Covid 19, we chose at that time, around 2020 to have shorter lease terms on renewal and increased the number of leases in holdover until we had greater comfort and clarity around trading conditions, as well as tenancy mix within shopping centres. Now that those concerns have abated, we have reverted to a more typical lease renewal process, which has led to a corresponding increase in right of use assets and lease liabilities. And. Finally, on the balance sheet, our net asset position remains relatively constant around $90 million. Let's now move on to our cash flow. Shaver Shop Group continues to generate significant operating cash flow, which we are using to reinvest in our strategic growth initiatives like Transform You, as well as return capital to shareholders by way of fully franked dividends Operating cash flow was up 38%, or $8.9 million, to $32.4 million last year. Remembering that in the 2025 financial year, we had the the inventory build from Transform in particular, as well as skull Shaver. Following the exclusive distribution relationship that we built with them. So this operating cash flow was used to establish move a refurbished ten stores as well as return just over $13 million back to shareholders through fully franked dividends. A very solid outcome. Speaking of dividends and capital management, slide 17 reflects our dividend trend for shareholders. The board today declared a 5.5 cent fully franked final dividend for 2026, which again brings total dividends to 10.3 cents per share for the financial year. We have now returned $0.51 to shareholders over the last five years by way of fully franked dividends, which represents a significant proportion of the share price. Our dividend policy remains to pay out 65% to 90% of underlying net profit after tax, with the intent that we balance the need to invest in and drive growth of our and drive growth. Our drive, our growth initiatives, as well as continue to deliver a strong dividend yield for our shareholders. This year's payout ratio represents around 90% of underlying npat at the top end of the range, but at a level, the board continues, continues to be very comfortable with. Given our solid financial position and strong cash generation. That now concludes my section of the presentation, and I'll hand you back to Cameron. Thank you Larry. I'm now moving to slide 19, which summarizes our key priorities for the coming year. As you can see on this slide, the customer is at the centre of everything we do at Shaver Shop Group. We have four key priorities with several sub priorities and action items for the coming year. Firstly, we are striving for operational excellence, which translates into exceptional customer service and an engaging and enjoyable shopping experience. Regardless of the channel being used, we strive to educate and empower customers on the tools they choose and how best to use them so they feel comfortable when at home. Using the products we sell Our sales and service metrics are tracked across every store, and all team members, so we know exactly how we are performing at all times. We're also striving to minimise stockouts across the network and drive increased efficiency into our daily processes. Secondly, we continue to see enormous potential for transform you both through range and category expansion, as well as expanding into markets not currently serviced by Shaver Shop Group. The team has done an exceptional job growing sales to date. But the Transform Your brand is not well recognised outside of Shaver Shop Group. We want to change this over the course of the next few years, so that transform you is recognised as a credible player, offering compelling value without sacrificing product quality Another priority is Shaver Shop Group brand engagement. Over the last few years, we've trialled changing our media spend to focus more on digital rather than traditional free to air and pay TV. We think we may have swung the pendulum a bit too far, so we plan to venture back into more traditional channels in the coming year. That said, we still plan to accelerate social media activity given the. Focus for many customers and this has become their preferred way to shop. We're also looking to replatform our websites into more cost effective, modern and easy to use solutions that can leverage AI over time. Finally, we will continue to optimise the store portfolio. This means opening new stores like we've done at Brighton in Victoria. As well as closing stores. If the rents being offered by landlords and not commercially sensible are what we believe in a manner that we cannot optimise profitability While all our mature stores are profitable, given we are destination shop for customers, there are situations like we just had in Northland, New Zealand, where we believe moving from two stores to one store in Christchurch will deliver a superior profit outcome in that catchment zone. We'll also continue our relocation and refit plans, where stores do not currently meet our brand and customer experience standards. So we have a full roadmap that we are following and we are laser focused on executing over the next 12 months and beyond. I'll now move on to our trading update on slide 21. Shaver Shop Group. Fundamentals and strategy. Execution remain very strong. The start of the new financial year has been softer than anticipated. With total sales from 1st of July through to 24th of August. Being down 3.2% versus the comparable period last year. Now, to stress the first two weeks in July, were particularly soft, with total sales down 9.5%. This has since moderated, with sales from the 15th of July through to the 22nd of August, down 1.1%. Consumers appear to be increasingly value conscious and were shopping focused more around key promotional events like we saw in June. The exceptional sales result during our end of financial year event looks to have pulled forward sales from July and unfortunately also led to stock availability issues. Lastly, our largest supplier has also encountered and continues to experience logistics issues with its warehouse, leading to stock availability issues for us in the lead up to Father's Day. We have proven that our success over time. Is highly correlated to the factors we control, and we're not sitting still. We remain extremely well placed and are executing well. We have a unique product offering with a high proportion of our sales, from exclusive lines, and we continue to provide exceptional customer service We also sell DIY, personal grooming solutions that are typically more budget friendly than going to the beauty salon or barber. Something that resonates even more strongly in the current macroeconomic environment. Our most important promotional periods that drive a significant proportion of our annual profit lay ahead of us. We are well prepared in this respect, with compelling go to market campaigns largely finalised with our global brand partners. In addition to innovation coming from these partners. We also have some exciting range additions for transform across both the first and the second half. In FY 27. As. Mentioned earlier, we are also considering initiatives that will increase both transform use and Shaver Shop Group total addressable market in. Coming. I'd like to thank all our Shaver team members whose passion and effort has led to Shaver Shop Group delivering a number of record financial and operational results in FY 26. Thank you for your attention. Larry, and I would now like to welcome your questions. Thank you. If you wish to ask a question. Please press star one on your telephone and wait for your name to be announced. If you wish. To cancel your request, please press star two. If you're. On a speakerphone, please pick up the handset to ask your question. Your first question comes from Erwin Carington Smith with Bruni, five PT limited. Please go ahead. Hello. Yes, Erwin, please go ahead with your question, but would like to inform you that there is a lot of very disturbance which is coming from your line. I think. He's just dropped off Can you move on to the next question, please? Certainly Thank you. Our next question comes from Andrew Johnston with MST Access. Please go ahead. Oh good morning Cameron. Good morning Larry. Congratulations on a on a pretty good result in a pretty tough environment. But again particularly you know well done on the work you've done over the last few years on transform. You. I was fascinated to hear your comments about expanding that, expanding that range. And I'm not sure whether you're going to give us any more any more guidance about how that might be. And you talked about expanding into new markets. Would that include, again, you feel free to say, I'm not going to tell you a thing, but would that include. Selling the transform? New products through networks other than shaver shops own network? Yeah, there's probably limited information we're going to talk about Andrew on that. I think we'd rather keep a few things just. You know, tight until we actually launch the products. But I should stress our primary focus Andrew is actually keeping transform you within the Shaver Shop Group. Brand. And that's our immediate focus is basically category expansion opportunities for the Transform You brand. And obviously, as we talked about, because it's resonating very well with the Australian customer to date, is there an opportunity for overseas expansion through Transform You as well? No, look, that's that's pretty exciting. I sort of expected you wouldn't tell me too much more about it, but. You know, I think that, you know, if we go back to when you first launched transform, you, I suppose in in typical form, you were pretty conservative and probably sound a little bit perhaps nervous about how, how that would track. But you know, the, the investment has certainly paid off. Paid off big time. So congratulations on that. We wait with wait with bated breath to see, see what the see what the next developments on that on that are. Larry. Can we just look at the CapEx outlook for the business for, for the next for the next 12 months? You've given us some some good guide around store openings. What about what about refits? And then, you know, where, where do you think the CapEx number is going to going to end up for the year? Yeah, I don't think it'll be much different from 2026. So in that order of magnitude, we have a few refits planned so far this year, but it's probably not quite to the same level as what we had last year. And as well last year we had a couple of stores already lined up, new stores lined up coming into FY 26 that we knew we were going to happen. Now, we've obviously had Brighton, Victoria. But there's nothing else immediate that's in the pipeline for new store openings at the moment. So it's. In and around the current year number and could potentially be a little bit less. So perhaps a little bit about second half weighted, given that you actually don't have anything in the pipeline. Right at the moment for. Certainly for new stores. That's that's correct. Yeah. Okay. Okay. All right. I'll leave it there for the moment. But thank and congratulations again on particularly on the transform. You product. Thanks very much. Thank you. Thanks, Andrew. Thank you. Once. Again to ask a question please press star one on your telephone and wait for your name to be announced. Your next question comes from Andrew Johnston with MST Access. Please go ahead. Thanks, guys. Look, if there's no other, there's no other questions. I would actually would actually like to ask a little more about the, about the trading update. So. We've and it was good breakout for between the first two weeks and then the remaining 5 or 6 weeks since the. The start of this financial year. Can you talk about where where you're seeing. Is it in the types of products online versus in-store? Where you're seeing the change in, in sales growth? So perhaps focus on the, the -1.1% rather than the 9.5, because that's, that looks like that was that was one off, but where you. Know where, where is the where is that? Where is that weakness occurring? Is it some segments more than others? Is it some regions more than others? You know, New South Wales versus Victoria, as I said, online or in store. Sure. I'll jump in at the start of that, Andrew. And then I'll ask Cameron to to round it out. For the full period. So from the 1st of July to the 22nd of August. Online and in store is basically down the exact exact same amount. So around that 3.2% total sales level. What we are seeing. From a. Foot traffic perspective is, is foot traffic being down in centres slightly. But then also down a little bit more in Shaver Shop Group stores. So from an in-store perspective, it's basically foot traffic that we're seeing with a little bit of. And sales conversion is basically flat versus versus last year. So there's not too much, I guess, in terms of other than foot traffic that we're seeing, that's changed the in-store perspective that much. The in terms of regions, we have seen some softness. More recently coming out of some of the bigger markets, particularly New South Wales and Queensland. And to some extent, WA. Cameron do you want to add anything more more than that. No, I think probably the only thing which we sort of touched upon, obviously was. You know, the results for the first two weeks of the financial year wasn't so much a product mix issue. It was just. Primarily due to replenishment of stock. Fortunately, we had a delay with our biggest supplier replenishing. Universal stock. So we ran. Pretty lean on some stock levels at the end of that promotion, due to the success of it. And unfortunately, it took a couple of weeks longer than what would normally occur to replenish that stock. Right. So that'll impact that'll impact Q1 numbers. Q1 numbers more, more than perhaps perhaps later. Yeah. Okay. All right. Terrific. Look, thanks. Thanks again. Yeah. And then we've had similar issues. Sorry, Andrew. Leading into Father's Day as well. So Thank you. To ask a question, you may press star one on your telephone and wait for your name to be announced. There are no further questions at this time that does conclude our conference for today. Thank you for participating, and you may now disconnect.