Half Year Ended 31 December 2025 - Report Announcement
| Stock | Breville Group Ltd (BRG.ASX) |
|---|---|
| Release Time | 12 Feb 2026, 8:15 a.m. |
| Price Sensitive | Yes |
Breville Group reports record half-year sales
- Double-digit revenue growth, delivering $1.1bn revenue half - a new record
- Successful management of US tariff impact through manufacturing diversification and other measures
- Continued investment in strategic growth drivers, including new markets and AI transformation
Breville Group Ltd (BRG) reported a strong half-year result for the period ended 31 December 2025, with revenue growing 10.1% to a record $1.1 billion. This double-digit revenue growth was driven by new product development, expansion into newer geographies, the continued growth in the coffee segment, and resilient premium consumer demand. The company successfully managed the significant impact of US tariffs on Chinese imports through a range of measures, including manufacturing diversification (with 80% of US gross profit manufactured outside of China by the end of the half), selective tail pricing increases, distribution mix optimization, and margin improvements in other markets. This allowed the company to deliver EBIT growth of 0.7% to $145.8 million, in line with plan. The company continued to invest in strategic growth drivers, including new market expansion (with the Middle East, China, Mexico, and Korea collectively growing over 50%), marketing, and its enterprise-wide AI transformation program. The balance sheet remained in a healthy position, with an improved net debt position of $43.6 million despite increased tariff payments. The company declared an interim dividend of 19 cents per share, up 5.6% from the prior corresponding period.
Given the magnitude of the US tariff increases, the Group expects FY26 EBIT to be a slight increase over FY25 EBIT, assuming no significant changes in economic conditions, supply chain, or US tariff rates, and planned investment levels in manufacturing diversification, marketing, R&D, and technology.
The company is focused on continuing to drive strategic growth initiatives, including further expansion into new markets, new product development, and the enterprise-wide implementation of its AI transformation program.