Half Yearly Report and Accounts
| Stock | Nick Scali Ltd (NCK.ASX) |
|---|---|
| Release Time | 13 Feb 2026, 8:38 a.m. |
| Price Sensitive | Yes |
Nick Scali Ltd Reports Strong Half-Year Results
- Revenue increased 7.2% to $269.3 million
- Net profit after tax increased 36.4% to $41 million
- Interim dividend of 39.0 cents per share declared
Nick Scali Limited has reported a strong financial performance for the half-year ended 31 December 2025. Revenue increased 7.2% to $269.3 million, while net profit after tax rose 36.4% to $40.981 million compared to the prior corresponding period. The company's Australian and New Zealand (ANZ) operations performed well, with net profit after tax increasing by $12.5 million to $46.6 million. The United Kingdom (UK) operations reported a net loss after tax of $5.6 million, which was an improvement from the prior year's underlying loss of $2.8 million. The company's gross margin improved to 65.4%, up from 62.3% in the prior corresponding period. Group pre-tax operating cash flows, net of lease liabilities repayments and lease interest payments, were $51.5 million in the period. The company's store network expanded, with a new Plush store opened in Bendigo, Victoria, and a further five new stores planned for FY26. In the UK, the refurbishment of showrooms suitable for conversion to the Nick Scali brand has now been completed, with 16 showrooms converted. The directors have declared a fully franked interim dividend of 39.0 cents per ordinary share, to be paid on 24 March 2026.
The company has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.
In the ANZ region, written sales orders for January 2026 increased by 3.1% compared to the prior year, with like-for-like written sales orders up 3.2%. A further five new stores are confirmed for opening during the year, with additional opportunities currently being reviewed. In the UK, with the majority of the store refurbishment program now complete, the company has seen an improvement in written sales compared to the prior year. Total January 2026 written sales were $6.7 million, and the four Nick Scali branded stores that were trading in January 2025 achieved like-for-like sales growth of 32% in January 2026.