• Double-digit growth across all Theatres, led by strong performance in Coffee
• Gross Margin % held broadly steady
• EBIT growth of 10.2% at the top end of February guidance

Breville Group Ltd reported strong financial results for the year ended 30 June 2025, with double-digit growth across all segments. Revenue grew 10.9% to $1,696.6 million, with the Global Product segment posting 12.3% revenue growth in constant currency. Gross profit grew 11.4% to $620.5 million, with gross margin holding broadly steady at 36.6%. EBIT grew 10.2% to $204.6 million, at the top end of the company's February guidance. NPAT grew 14.6% to $135.9 million, driven by reduced average borrowing across the year. The company maintained a net cash position despite tariff-related investments in inventory and capex. Breville continued to invest in manufacturing diversification, with 65% of US gross profit now from non-China sources, expected to reach 80% by the end of 1H26. The company also expanded its new products and solutions, including the launch of the Oracle Jet, Luxe Brewer Thermal, Smart Oven Air Fryer Compact, and premium coffee accessories. Geographic expansion into China and the Middle East also contributed to the strong results.

Based on the US tariff regime as of August 2025, Breville expects to face a material step up in input costs for US sales in FY26. The company is pursuing mitigants including FOB reductions, manufacturing relocation, distribution channel adjustments, and pricing. Capex investment and some elevated inventory is expected to continue through FY26.

Breville will continue its manufacturing diversification program, new products and solutions expansion, and geographic expansion initiatives. The company expects to be in a better position to provide FY26 guidance with its 1H26 results.