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Harvey Norman Holdings Ltd ( (AU:HVN) ) has provided an update.
Harvey Norman reported a strong half-year result to 31 December 2025, with profit before tax rising 16.5% to $466.31 million on the back of 6.9% growth in system sales to $5.16 billion and tighter cost control. Earnings improved across franchising, overseas retail and property, pushing basic earnings per share up 15.3% and supporting a 20.8% increase in the fully franked interim dividend to 14.5 cents per share.
Australian franchisee sales grew 4.8%, driven by demand in technology-led categories such as AI-enabled computing and mobile devices, while company-operated sales rose 11.6% helped by new stores and stronger trading in New Zealand, Ireland, Slovenia, Croatia, Singapore and Malaysia. A stronger, conservatively geared balance sheet, robust operating cash flow and continued sales momentum into January 2026 position the group to fund further expansion, even as UK operations still incur establishment losses.
The most recent analyst rating on (AU:HVN) stock is a Buy with a A$7.90 price target. To see the full list of analyst forecasts on Harvey Norman Holdings Ltd stock, see the AU:HVN Stock Forecast page.
More about Harvey Norman Holdings Ltd
Harvey Norman Holdings Limited is an Australian-based integrated retail, franchising and property group, best known for its large-format stores selling technology, consumer electronics, furniture and home appliances. The company operates a mixed model of Australian franchisees and overseas company-operated stores, with a substantial owned property portfolio underpinning its balance sheet and long-term growth strategy.
Average Trading Volume: 1,672,526
Technical Sentiment Signal: Buy
Current Market Cap: A$7.71B
See more insights into HVN stock on TipRanks’ Stock Analysis page.