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DFI Retail Group Holdings (GB:DFIJ)
LSE:DFIJ
Earnings Data
Report Date
Jul 23, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive tone: strong profitability and cash generation, a move to net cash, a very high TSR (93%), clear digital and format-level progress (notably in Health & Beauty and e-commerce), and concrete 2026 guidance. Challenges were acknowledged — modest revenue growth, cigarette-tax impacts on Convenience, competitive subsidy pressure in South China, and an underspend on CapEx — but these were presented as manageable, with remediation plans (CapEx discipline, pivot to RTE, digital monetization). Overall, the positive operational and financial improvements (profit, cash flow, balance sheet and shareholder returns) outweigh the headwinds.Company Guidance
Underlying Profit Strong Growth
Underlying profit rose to $270 million, up 35% year-on-year (or 18% on a restated comparable basis excluding the loss-making Yonghui), delivering the top end of guidance and showing significant margin improvement versus revenue growth.
Revenue and Subsidiary Performance
Revenue from core subsidiaries was $8.9 billion, up 0.5% year-on-year on an organic comparable basis. Subsidiaries' underlying profit reached $183 million, up 19% on a comparable basis, and operating margin improved to 4.2% (up 30 basis points).
Cash Generation and Returns to Shareholders
Operating cash flow grew to $430 million (up ~30% YoY) and free cash flow rose 78% to $281 million. The group returned $740 million to shareholders in 2025, including a $600 million special dividend; ordinary dividend per share rose to $0.14 (up 33%), and payout policy increased to 70%.
Balance Sheet Improvement — Net Cash
Following $1 billion of divestment proceeds and the $600 million special dividend, the group moved from net debt to a net cash position (net cash reported after returns), materially lowering financing costs and improving financial flexibility.
Excellent Total Shareholder Return
Total shareholder return (TSR) for the year was 93%, driven by earnings recovery, portfolio simplification and disciplined capital deployment.
Format-Level Recoveries and Profitability
Health & Beauty operating profit reached $228 million (up 9% YoY) with margin improving to 8.7% (+20 bps). Food operating profit rose 15% to $62 million. Home Furnishings delivered improved margins and a $10 million profit uplift despite lower sales; IKEA showed improved profitability and momentum.
Digital, E-commerce and Retail Media Progress
Daily e-commerce orders reached ~115,000; e-commerce penetration rose +140 bps to 6.2% with strong H&B e-commerce (38% growth in H&B e-commerce cited). Retail media revenue grew ~400%, 1,000 new in-store digital screens were deployed, 13 million active users and 33 million loyalty members across programs, supporting a growing digital ecosystem.
Clear 2026 Guidance and Medium-Term Targets
2026 guidance: organic top-line growth of 2–3% (ex-Singapore Food) and underlying profit guidance of $270–$300 million (implying 13–25% growth on comparable basis). ROCE improved to 9.4% in 2025 with a pathway targeted to 15% by 2028; 2026 ROCE guidance 11–13%.
Operational Wins — Tourists and Regional Growth
Tourist-facing stores in Hong Kong saw 9% revenue growth (H2 stronger), and Vietnam and Indonesia delivered double-digit like-for-like growth, reflecting recovery in higher-value tourist and Southeast Asia markets.
GB:DFIJ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:DFIJ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $9.17 | $9.17 | 0.00% |
Oct 30, 2025 | $9.17 | $9.17 | 0.00% |
Jul 22, 2025 | $8.69 | $8.69 | 0.00% |
Mar 10, 2025 | $8.63 | $8.63 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does DFI Retail Group Holdings (GB:DFIJ) report earnings?
DFI Retail Group Holdings (GB:DFIJ) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).
What is DFI Retail Group Holdings (GB:DFIJ) earnings time?
DFI Retail Group Holdings (GB:DFIJ) earnings time is at Jul 23, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of DFI Retail Group Holdings stock?
The P/E ratio of DFI Retail Group Holdings is N/A.
What is GB:DFIJ EPS forecast?
Currently, no data Available