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Harvey Norman Holdings Ltd (ASX:HVN)

ALERT: Price-sensitive ASX Announcement for HVN
Current share price for HVN : $4.725 -1.605 (-25.36%)+
Announcement
Release
27 Feb 2026 9:06AM
Price at Release
$6.330
Full Release
download
Summary
Harvey Norman Holdings Ltd reported a strong performance for the half-year ending 31 December 2025, with profit before tax increasing by 16.5% to $466.31 million compared to the previous year. The results reflect robust system sales revenue growth of 6.9% to $5.16 billion, driven by both Australian franchisee sales and overseas retail operations. Australian franchisee sales rose by 4.8%, and company-operated sales increased by 11.6%, aided by new store openings and improved store network performance. The franchising operations segment saw a 14.2% increase in profit before tax, while the overseas retail segment achieved a 35.6% increase, with significant contributions from countries like New Zealand, Ireland, and Singapore. Operating expenses were reduced, and marketing costs remained stable. The property segment also contributed positively, with a 7.8% increase in profit before tax. Harvey Norman's balance sheet showed increased assets and maintained conservative gearing, providing flexibility for future investments and growth.
Key Points
  • Profit before tax increased by 16.5% to $466.31 million.
  • System sales revenue grew by 6.9% to $5.16 billion.
  • Australian franchisee sales increased by 4.8%.
  • Company-operated sales rose by 11.6%.
  • Franchising operations profit before tax increased by 14.2%.
  • Overseas retail segment profit before tax increased by 35.6%.
  • Strong performances noted in New Zealand, Ireland, Slovenia, Croatia, Singapore, and Malaysia.
  • Operating expenses reduced to 17.8% of system sales.
  • Property segment profit before tax increased by 7.8%.
  • Balance sheet strengthened with increased assets and conservative gearing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.