JB Hi-Fi Limited (ASX:JBH) Announces Half Year 2025 Results
Financial Performance
JB Hi-Fi Limited reported total sales up 9.8% to $5.67 billion for HY25, with earnings before interest and tax increasing by 8.6% to $419.9 million. Net profit after tax rose by 8.0% to $285.4 million, and earnings per share increased by 8.0% to 261.1 cents. The company declared an interim dividend of 170.0 cps, up 12.0 cps or 7.6%.
Trading Performance
In Australia, total sales increased by 7.2% to $3.88 billion, driven by strong demand for technology and consumer electronics. Online sales grew by 16.4% to $682.7 million. New Zealand sales rose by 20.0% to NZD202.5 million, with online sales increasing by 58.4%. The Good Guys reported sales up 9.2% to $1.52 billion, and e&s achieved sales growth of 7.6% to $92.3 million following the acquisition of a 75% stake in September 2024.
Capital Management
The Board declared an interim dividend of 170.0 cps, representing 65% of net profit after tax. The Group maintains a strong balance sheet, with closing net cash of $555.1 million as of 31 December 2024.
Executive Comments
CEO Terry Smart said, “We are pleased to report strong sales and earnings for HY25. In this challenging trading environment, marked by heightened competitor activity, our focus remained on maximising demand through delivering consistently high levels of customer service and exceptional value for our customers.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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