Total sales were down 1.8 per cent to $455 million, excluding Peter Alexander UK, due to "a challenging discretionary retail environment".
Peter Alexander meanwhile delivered record sales of $297.7 million, up 6.6 per cent on the equivalent half last year.
"The Premier Board considers the 1H25 results announced today to be a credit to management in navigating very difficult times given the relative performance of competitors where trading conditions continued to be challenging," Premier chair Solomon Lew said.
Premier's net profit before tax was down 12.7 per cent to $148.4 million.
The half in question was the last that Premier would own its Apparel Brands, including Just Jeans, Jay Jays, Dotti, Portmans and Jacqui E, which it sold to Myer in January.
Premier also no longer holds any interest in Myer shares.
"The Premier Board considers the transaction to be good for both companies in providing Myer and the Apparel Brands with a platform for future growth in which individual Premier shareholders may participate, while also unlocking immediate value for Premier and its shareholders," Mr Lew said.
The results made no mention of fresh dividends for shareholders.
"Over the past five years Premier has distributed over $850 million in fully franked dividends to Premier shareholders," Mr Lew said.
"This is in addition to the February 2025 in-specie distribution of $1.03 billion value of Myer shares plus $387 million in franking credits to Eligible Shareholders."
Premier Retail interim chief executive John Bryce said Smiggle and Peter Alexander sales remained best in class.
""Looking ahead, Premier Retail is focused on the future growth opportunities of Peter Alexander and Smiggle with investment in new initiatives for these much-loved brands," Mr Bryce said.
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