JB Hi-Fi AGM Addresses and Presentation
Key points
- FY26 achieved record sales and solid earnings
- Richard Uechtritz retired from the Board
- Terry Smart joined the Board
- FY26 total sales up 4.8% to $11.06 billion
- FY26 Net profit after tax up 6.0% to $489.9 million
Full summary
JB Hi-Fi Ltd held its 2026 Annual General Meeting, where the Chair and Group CEO addressed the shareholders. The company reported another successful year for JB Hi-Fi and its subsidiaries, achieving record sales and solid earnings. Richard Uechtritz retired from the Board, and Terry Smart was welcomed back to the Board. The Group comprises three iconic retail brands: JB Hi-Fi, The Good Guys, and e&s. The company reported total sales up 4.8% to $11.06 billion, EBIT up 5.8% to $734.4 million, and Net profit after tax up 6.0% to $489.9 million. The total ordinary dividend for FY26 was 337.0 cps up 22.5% and representing 75% of NPAT. The Group's balance sheet continued to be strong with low financial and operating leverage and closing net cash of $206.5 million at 30 June 2026.
Guidance
FY26 total sales: $11.06 billion, EBIT: $734.4 million, Net profit after tax: $489.9 million
Outlook
JB Hi-Fi will focus on retail execution, store growth, multichannel growth, supply chain, and e&s expansion in FY27.
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