Key points
- FY26 total system sales revenue increased by 3.1% to $9.64 billion
- Reported Pro¿t Before Tax up 4.9% to $790.29 million
- Strong balance sheet with total assets up 5.7% to $8.85 billion
- Continued international expansion with international operations profit up 25.2%
- Solid property segment profit up 3.7% to $333.49 million
Full summary
Harvey Norman Holdings Ltd's FY26 Annual Report highlights sustained growth, international expansion, and balance sheet strength. Total system sales revenue increased by 3.1% to $9.64 billion, with Australian franchisee sales up 2.4% and company-operated sales up 4.5%. Reported Profit Before Tax rose 4.9% to $790.29 million, with a 10.9% increase excluding AASB 16, net property revaluations, and a pecuniary penalty. The balance sheet remains strong with total assets up 5.7% to $8.85 billion and net assets up 2.0% to $4.94 billion. International operations profit increased 25.2% to $166.93 million, excluding UK expansion. The property segment profit rose 3.7% to $333.49 million, supported by net property revaluation adjustments. The report reflects the strength of the Harvey Norman, Domayne, and Joyce Mayne brands, the quality of franchisees, and the benefits of the expanding international retail footprint.
Guidance
FY26 total system sales revenue: $9.64 billion, up 3.1%
Outlook
Harvey Norman remains focused on building a stronger business, investing for the future, and delivering long-term value.