MELBOURNE: JB Hi-Fi Ltd. reported a 10% rise in full-year sales to $10.55 billion, driven by strong consumer demand and strategic product launches across its Australian and New Zealand operations.
Net profit after tax rose 5.4% to $462.4 million, while underlying earnings excluding one-off expenses climbed 8.5% to $476.1 million.
The electronics and appliance retailer also declared a fully franked final dividend of 105 cents per share and a special dividend of 100 cents, distributing a combined $224 million to shareholders. The board announced plans to increase its dividend payout ratio to 70–80% of NPAT from FY26, up from 65%.
“It has been another strong year of sales and earnings,” said Group CEO Terry Smart. “We stayed focused on delivering great value and high levels of customer service, which continued to resonate with our customers.”
Smart will retire on Oct. 3 and be succeeded by COO Nick Wells, the company said.
Segment Highlights
- JB Hi-Fi Australia: Sales rose 7.5% to $7.1 billion, with online sales up 16.4%.
- JB Hi-Fi New Zealand: Sales surged 20.8% to NZD396.3 million; online sales jumped 48.1%.
- The Good Guys: Sales increased 6.9% to $2.87 billion; underlying EBIT rose 9.7%.
- e&s: Contributed $225.2 million in sales post-acquisition, with EBIT of $4.2 million.
The company reported that 40% of its energy now comes from renewable sources and Scope 1 & 2 emissions are down 32% from FY20 levels. It recycled over 9,600 tonnes of e-waste and donated $4.6 million through workplace giving programs.
Sales momentum continued into July 2025, with JB Hi-Fi New Zealand posting a 38.1% year-on-year increase. Smart noted that while the retail market remains uncertain, the company’s focus on customer value and innovation positions it well for future growth.