Harvey Norman Holdings Extends On-Market Share Buyback to November 2027 for Up to 124.6 Million Shares

Anjali Anand

05 November 2026 03:14 PM AEDT

Harvey Norman Holdings Extends On-Market Share Buyback to November 2027 for Up to 124.6 Million Shares

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Harvey Norman Holdings Limited (ASX:HVN) has disclosed it will further extend its on-market share buyback program from 24 November 2026 until 23 November 2027, covering up to 10% of ordinary shares on issue, with a cash cost of approximately $538.3 million based on the closing share price on 4 November 2026.

Key Points

The buyback program is extended from 24 November 2026 to 23 November 2027, covering up to 10% of ordinary shares on issue.
The maximum number of shares contemplated under the buyback is 124,600,665 ordinary shares.
Based on the closing share price on 4 November 2026, the cash cost would be approximately $538.3 million.
No shares were purchased under the previous buyback period following the 3 November 2025 announcement.
Macquarie Securities (Australia) Limited has been appointed to undertake the buyback.

Buyback Program Extension Terms

Harvey Norman Holdings disclosed on 5 November 2026 that it intends to further extend its on-market share buyback, which was previously extended until 23 November 2026 following an announcement on 3 November 2025. The new extension covers the period from 24 November 2026 to 23 November 2027. The program allows HVN to buy back up to ten percent of ordinary shares on issue, subject to market conditions. The buyback will be conducted in the ordinary course of trading over the buyback period, with the filing noting that Macquarie Securities (Australia) Limited has been appointed to execute the program.

Shares Contemplated and Indicative Cost

According to the filing, the buyback contemplates up to 124,600,665 ordinary shares. Based on the closing share price recorded on 4 November 2026, the cash cost of acquiring those shares would be circa $538.3 million. The company stated it gives no assurance that any or all of the contemplated shares will be bought back. The company also reserves the right to suspend or terminate the buyback at any time. The final amount repurchased and the exact timing of any trades will depend on market conditions, the company's prevailing share price, and any unforeseen circumstances during the buyback period.

Board Position and Capital Management Rationale

The Board of Harvey Norman Holdings stated in the filing that it believes the buyback is an appropriate capital management strategy, particularly having regard to recent share price history. The Board noted it will continue to monitor and assess opportunities for growth and retain financial flexibility in order to execute strategy. The company stated it will only buy back shares at such times and in such circumstances as it considers beneficial to the efficient capital management of the company. The buyback will otherwise be undertaken in accordance with the terms specified in the Appendix 3C dated 5 November 2026, as disclosed in the filing authorised by the Board of Directors.

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