• Written Sales up 10.5% vs prior year
• Revenue $251.7m, up 13.1% vs prior year
• Net Profit after tax $46.6m, up 29% on 1H FY25 underlying

Nick Scali Ltd has reported its 1H FY26 results, highlighting strong performance across the business. In the ANZ region, written sales were up 10.5% versus the prior year, with revenue increasing 13.1% to $251.7m. Gross profit margin improved to 65.9%, up 1.5 percentage points from 1H FY25. Net profit after tax was $46.6m, up 29% on 1H FY25 underlying and 37% on 1H FY25 statutory. In the UK, revenue was impacted by store closures due to the rebranding program, but written orders for 1H FY26 were $21.7m, with January written orders at $6.7m. The UK gross profit margin improved to 59.2% compared to 45.1% in 1H FY25. Overall, the Group reported a net profit after tax of $41.0m. The company ended the period with $91.7m in cash and bank deposits and a net cash position of $20.0m.

The company expects further improvement in the UK business as the rebranding program progresses, with a breakeven position at $51m in sales revenue. New store openings in both the ANZ and UK regions are expected to drive profit growth.

The company is optimistic about the outlook, with written sales for January 2026 up 3.1% in the ANZ region and 32% in the 4 LFL stores in the UK. The company plans to open 5 new stores in FY26, with additional opportunities under negotiation.