Shares in JB Hi-Fi Ltd (ASX: JBH) are moving higher on Monday after the electronics retailer released its half-year results.
In early morning trade, the JB Hi-Fi share price is up 5.45% to $80.86.
The bounce follows a difficult start to the year for the company. JB Hi-Fi shares are still down roughly 15% in 2026, and were trading above $100 only a few months ago.
Today's early rally indicates the market is responding positively to the latest set of numbers.
Here's what stood out in the result.
Image source: Getty Images
Sales and profit increase
For the six months to 31 December 2025, JB Hi-Fi reported total sales of $6.1 billion, up 7.3% on the prior corresponding period.
Earnings before interest and tax (EBIT) rose 8.1% to $454 million, while net profit after tax (NPAT) increased 7.1% to $305.8 million. Earnings per share (EPS) came in at 279.7 cents, up 7.1%.
Margins also edged higher across the group's key divisions. Group EBIT margin increased 6 basis points to 7.46%.
Performance across the group
JB Hi-Fi Australia recorded sales growth of 6.3% to $4.12 billion, with comparable sales up 5%. EBIT increased 7.7% to $340.9 million, and EBIT margin improved to 8.27%.
JB Hi-Fi New Zealand reported sales growth of 32.6% to NZ$268.6 million, with EBIT more than doubling to NZ$4.5 million.
At The Good Guys, sales rose 4.1% to $1.58 billion, while EBIT increased 8% to $107.4 million.
The e&s business delivered statutory sales growth of 56.8% to $144.8 million, reflecting a full 6-month contribution compared to 4 months in the prior period.
Interim dividend increased
The board declared a fully-franked interim dividend of 210 cents per share, up 23.5% on the prior corresponding period.
The dividend represents 75% of NPAT. The shares will trade ex-dividend on 26 February 2026, with payment scheduled for 13 March 2026.
January trading update
JB Hi-Fi also provided a January trading update.
JB Hi-Fi Australia recorded total sales growth of 4% for the month, while JB Hi-Fi New Zealand grew 26.4%. The Good Guys reported sales growth of 2.7%. On the other hand, e&s sales declined 4.6%.
Despite showing relatively consistent growth, management said it remains cautious given the ongoing uncertainty in the retail market.
Foolish Takeaway
JB Hi-Fi shares were under pressure this year before today's result.
The half-year numbers showed steady sales growth, higher profit, modest margin improvement, net cash of $489.5 million, and a higher dividend.
While the share price has moved higher in early trade following the update, whether that strength will continue depends on trading conditions for the remainder of FY26.
