The Harvey Norman Holdings Ltd (ASX: HVN) share price is in focus today after the company reported a 4.9% increase in statutory profit before tax to $790.29 million and announced a fully-franked final dividend of 13.0 cents per share.
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What did Harvey Norman report?
- Total system sales revenue up 3.1% to $9.64 billion
- Earnings before interest, tax, depreciation & amortisation (EBITDA) rose 5.0% to $1.18 billion
- Statutory profit before tax increased 4.9% to $790.29 million
- Underlying profit before tax (excl. AASB 16, property revals, penalty) up 10.9% to $654.69 million
- Basic earnings per share grew 2.0% to 42.41 cents
- Fully-franked dividend lifted 3.8% to 27.5 cents per share for FY26
What else do investors need to know?
The company highlighted strong performance from its international operations, with overseas company-operated retail profit before tax jumping 23.4% to $135.72 million. Harvey Norman continued its international expansion, particularly in the UK, where its platform is being scaled for long-term growth.
Asset strength remains a key feature, with total assets increasing 5.7% to $8.85 billion. Operating cash flows were robust at $537.22 million, underpinning ongoing investments, dividend payments, and future initiatives.
What did Harvey Norman management say?
The company's chair, Gerry Harvey, commented:
FY26 delivered growth in operating earnings, continued international expansion and strong franchise profitability. With total assets approaching $9 billion, net assets approaching $5 billion, substantial property ownership and low gearing, we remain well positioned to deliver long-term sustainable growth for our shareholders.
What's next for Harvey Norman?
Harvey Norman is focused on leveraging its growing international presence, especially in established markets like New Zealand, Asia, and Europe. Management expects positive momentum to continue as the company opens new stores, invests in Next Gen-AI product categories, and maintains attention to cost management.
With a strong asset-backed balance sheet and conservative gearing, the business aims to fund further expansions while supporting long-term value creation for shareholders.
Harvey Norman share price snapshot
The Harvey Norman share price is underperforming the S&P/ASX 200 index (ASX: XJO) with a decline of around 27% over the past 12 months.
