The JB Hi-Fi Ltd (ASX: JBH) share price is in focus after the retailer reported a record half-year result, with sales up 7.3% to $6.1 billion and net profit after tax rising 7.1% to $305.8 million.
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What did JB Hi-Fi report?
- Total sales jumped 7.3% to $6.10 billion
- EBIT (Earnings Before Interest and Tax) grew 8.1% to $454.0 million
- NPAT (Net Profit After Tax) rose 7.1% to $305.8 million
- Earnings per share increased 7.1% to 279.7 cents
- Interim dividend lifted 23.5% to 210.0 cents per share (75% of NPAT)
- Strong balance sheet with net cash of $489.5 million
What else do investors need to know?
JB Hi-Fi Australia saw sales lift 6.3%, with categories like mobile phones and computers performing well and online sales climbing 11.2%. The New Zealand segment delivered standout growth, with sales rising 32.6% and EBIT more than doubling.
The Good Guys brand also grew, with strong demand in home appliances and online sales up 14%. The e&s business, a recent acquisition, contributed $144.8 million in sales as the group continues to invest for long-term growth.
JB Hi-Fi increased its dividend payout ratio range from 65% to 70-80% of NPAT, underlining a commitment to rewarding shareholders while keeping the balance sheet strong and flexible.
What did JB Hi-Fi management say?
Group CEO, Nick Wells, said:
We are pleased to report record sales and strong earnings for HY26, as we built on the momentum of the previous year. In a retail environment where customers are seeking value, our brands continue to resonate strongly and our teams continue to execute to a high standard.
What's next for JB Hi-Fi?
Looking ahead, JB Hi-Fi reported continuing sales growth in January 2026, though management remains cautious given the uncertain retail outlook and strong competition. The company will maintain its focus on delivering value and high customer service levels while investing in new stores, digital sales, and strategic initiatives.
The group is also committed to sustainability and supporting people, aiming for long-term positive impacts across its teams, communities, and the environment.
JB Hi-Fi share price snapshot
Over the past 12 months, the JB Hi-Fi shares have declined 25%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.
