*Boxer is pleased to present its maiden trading update post the 28 November 2024 listing. Boxer's trading performance for the 45-week period to 5 January 2025 ("the Period") was in line with the guidance provided in the pre-listing statement (FY25 sales growth of 10% - 12% and like-for-like sales growth of 5% - 7%). Sales for the Period grew 11.4% and 6.7% like-for-like. Sales for the 19 weeks to 5 January 2025 grew 10.8% and 5.5% like-for-like. The softening in sales momentum vs. H1 FY25 was the result of the business coming off a significantly stronger H2 FY24 base vs. H1 FY24. As a reminder, sales growth for H2 FY24 was 18.6% (11.6% like-for-like) vs. 15.9% (4.3% like-for-like) in H1 FY24.*