Harvey Norman shares climb as full-year profit tops estimates
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More news: Harvey Norman was one of the top performers on the ASX 200 after the retail group notched a 47% lift in full-year profit.
Shares were up 10% to $6.80 at 10:45am AEST, taking 12-month gains to 39%.
Harvey Norman reports 47% profit growth, lifts dividend
The news: White goods retailer Harvey Norman recorded a 47% rise in full-year profit after tax to $518 million as the group benefitted from property revaluations and a strong increase in franchisee sales revenue.
The numbers: The result was up from last year's tally of $352.5 million and soared past average forecasts of $473.8 million, according to Visible Alpha data.
Total system sales revenue was up from $8.9 billion to $9.4 billion, marking a 5.5% uptick year on year.
The board declared a final dividend of 14.5 cents per share, up from last year's payout of 12 cents per share, and above estimates of 13 cents per share.
The context: Chair Gerry Harvey said full-year growth across all core segments was driven by strong franchisee performance, the resilience of the company's property portfolio, global expansion and continued investment in digital transformation.
What they said: "Our franchisees are well-positioned to capitalise on the post-pandemic refresh cycle and the accelerating demand for smart technologies," Harvey said.
"The early trading results for FY26 are encouraging. The momentum reported for aggregated franchisee sales in the second half of FY25 has continued, with franchisees delivering a 6.6% rise in sales for July 2025 compared to July 2024."
The source: ASX
