• Revenue up 10.1% to $997.5 million
• EBIT up 10.5% to $144.8 million
• NPAT up 16.1% to $97.5 million

Breville Group Limited has reported a strong half-year performance for the period ended 31 December 2024. The company's total sales revenue increased by 10.1% to $997.5 million, compared to $905.8 million in the prior corresponding period. This was a record revenue half for the Group against a backdrop of resilient consumer demand. Gross profit grew by 10.3%, or $34.2 million, with gross margin holding consistent at 36.7%. Operating expenses increased by 10.2%, aligned to the gross profit growth, resulting in EBIT growth of 10.5% to $144.8 million. NPAT grew 16.1% to $97.5 million, with lower interest costs arising from reduced borrowings in the period as a result of strong underlying cash generation. The company's net debt position improved to $55.1 million, compared to $97.5 million in the prior corresponding period. Inventory holdings increased to $443.4 million, primarily due to the tactical re-phasing of inventory purchases in the USA. Basic earnings per share for the Group was 67.8 cents per share, up from 58.6 cents per share in the prior corresponding period.

The company expects to deliver revenue, EBIT, and NPAT growth in the 2025 financial year compared to the 2024 financial year.

Breville Group remains focused on driving sustainable growth through its 'Global Product' and 'Distribution' business segments. The company is well-positioned to capitalize on continued strong consumer demand and will continue to invest in innovation, new product development, and expanding its global footprint.