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Highlights
- JB Hi-Fi Ltd (JBH) reported impressive growth in revenue and profit for the first half of FY25.
- The company's share price saw a decline of over 1% following the release of its HY25 results.
- Despite challenges in the retail market, JB Hi-Fi's business segments, including The Good Guys and E&S Trading, demonstrated strong performance.
JB Hi-Fi Ltd (ASX:JBH), one of Australia's largest consumer electronics retailers, recently reported its HY25 financial results, showing a positive growth trajectory in terms of revenue and profit. Despite these solid figures, the company's share price fell by more than 1%, which has sparked curiosity among investors and market watchers.
For the six-month period ending 31 December 2025, JB Hi-Fi (JBH) delivered a solid 9.8% increase in total sales, reaching a total of $5.67 billion. This was accompanied by an 8.6% growth in Earnings Before Interest and Taxes (EBIT), totaling $419.9 million. Net Profit After Tax (NPAT) increased by 8%, amounting to $285.4 million, while Earnings Per Share (EPS) grew by 8% to $2.611. The company also announced a 7.6% rise in its interim dividend, which now stands at $1.70 per share.
Breaking down the performance of JB Hi-Fi’s individual business units, the Australian segment saw sales grow by 7.2%, totaling $3.88 billion. The demand for technology and consumer electronic products helped boost its gross profit by 6.4%, reaching $846.4 million. EBIT for this segment increased by 7.5%, amounting to $316.5 million. Meanwhile, JB Hi-Fi New Zealand recorded an impressive 20% increase in sales, reaching NZ$202.5 million, while EBIT for the segment grew by NZ$2.7 million to reach NZ$2.2 million.
The Good Guys, a subsidiary of JB Hi-Fi (JBH), posted a 9.2% increase in sales, totaling $1.52 billion. Gross profit for The Good Guys grew by 8% to $351.1 million, and EBIT rose by 7.5% to $99.5 million. Additionally, the acquisition of 75% of E&S Trading in September 2024 showed strong results, with sales increasing by 7.6% to $92.3 million.
In January 2025, JB Hi-Fi reported robust growth across its business segments: JB Hi-Fi Australia saw a 7.4% increase in sales, JB Hi-Fi New Zealand achieved a 20.4% rise, The Good Guys increased by 6.4%, and E&S posted an 8.1% increase in sales.
Despite the impressive results, JB Hi-Fi CEO Terry Smart expressed caution, acknowledging the uncertainty in the retail market and the ongoing competitive landscape. The company remains focused on adapting and innovating to stay ahead in the competitive retail environment. Smart also took a moment to recognize the efforts of over 15,000 team members who continue to deliver high levels of customer service.
This mix of strong results and cautious outlook leaves investors with much to consider about the future direction of JB Hi-Fi Ltd (JBH).
