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Harvey Norman Holdings Ltd (ASX:HVN)

ALERT: Price-sensitive ASX Announcement for HVN
Current share price for HVN : $4.120 -0.64 (-13.45%)+
Announcement
Release
28 Jul 2026 10:51AM
Price at Release
$4.760
Full Release
download
Summary
The Federal Court of Australia has delivered a judgment against Harvey Norman Holdings Limited in a case brought by the Australian Securities and Investments Commission (ASIC). The court ordered Harvey Norman to pay a pecuniary penalty of $35 million and share the costs with Latitude Financial Services, which was also fined $20 million. Additionally, Harvey Norman is required to publish an adverse publicity notice on its website. The company had previously accounted for $16.2 million in anticipation of this outcome and expects to recognize further expenses for the financial year ending 30 June 2026 to cover the remaining costs associated with the court’s orders.
Key Points
  • Harvey Norman fined $35 million by Federal Court
  • Case brought by ASIC against Harvey Norman
  • Latitude Financial Services fined $20 million
  • Harvey Norman to publish adverse publicity notice
  • Company had recognized $16.2 million in anticipatory accruals
  • Further expenses expected for the financial year ending 30 June 2026
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.