AGM Trading Statement

8 September 2025

TheWorks.co.uk plc

("The Works", the "Company" or the "Group")

AGM Trading Statement

The Works, the retailer of affordable, screen-free activities for the whole family, provides the following update on trading ahead of its Annual General Meeting being held today at 2.00 p.m. at the offices of Squire Patton Boggs LLP, 60 London Wall, London, EC2M 5TQ.

The Works has seen positive trading in FY26 despite the consumer backdrop remaining challenging. Like for like sales in the year-to-date continue to outperform the wider market and reflect the ongoing delivery of our 'Elevating The Works' strategy.

Significant strategic progress has been made since the beginning of the financial year. This includes two key strategic projects undertaken in advance of our peak Christmas trading period - the recent completion of a new mezzanine level at our retail Distribution Centre, which will increase our operational capacity, and we are in the final stage of transitioning to a new third-party online fulfilment provider.

In light of the positive YTD trading performance, ongoing cost-saving activity and sustained margin growth, we are well-positioned to offset significant cost headwinds and deliver further strategic and financial progress. The Board remains confident in delivering FY26 profit in line with market expectations of pre-IFRS 16 Adjusted EBITDA of £11.0m.

Notice of Half Year Trading Update

The Company will next update the market on 13 November 2025, with the publication of a trading update for its half year ending 2 November 2025.