The Warehouse Group reported NZD13.572 million in obligations for reward schemes and gift vouchers at August 2, almost unchanged from NZD13.589 million a year earlier. The New Zealand retailer published the combined balance with its annual results on September 30. [S01][S02]
The figure appears within trade and other payables. It combines two categories, so it cannot be presented as gift-card balances alone. The report supplies no corresponding separation of card issuance, redemption or breakage. [S02]
Combined reward and gift-voucher obligations remain nearly unchanged
Year-end balance in note 8.3 of The Warehouse Group’s 2026 annual report.
NZD million
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Source
The financial statement combines reward schemes and gift vouchers. These balance-date liabilities are neither gift-card-only balances nor annual sales, issuance or redemption. The source does not split the two categories; the chart therefore cannot establish a change in gift-card demand.
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| Category | NZD million |
|---|---|
| August 3, 2025 | 13.589 NZD million |
| August 2, 2026 | 13.572 NZD million |
That distinction matters when comparing issuers: an outstanding obligation measures value still recorded at the reporting date, rather than purchases made through the cards during the year. The small change in this combined line does not establish a change in gift-card demand.
The group operates The Warehouse, Warehouse Stationery and Noel Leeming. Its report describes eligible-device trade-ins for Noel Leeming gift cards, illustrating a route to prepaid store credit beyond conventional gifting. It does not identify this exchange mechanism as a new September launch. [S02]
The annual disclosure provides a current financial reference for the retailer’s reward and voucher commitments. Assessing gift-card performance separately would require a breakdown the published table does not provide. [S02]
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Oliver Reed
Oliver Reed covers industry acquisitions, investment and market research for Gift Card News.