Year in Review: Harvey Norman Holdings Ltd (ASX:HVN) Shares Slide Approximately 44%

Sonal Goyal

22 October 2026 10:29 PM AEDT

Year in Review: Harvey Norman Holdings Ltd (ASX:HVN) Shares Slide Approximately 44%

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key highlights

Harvey Norman Holdings Ltd (ASX:HVN) shares were priced at $4.04 as at 22 October 2026, down 2.89% on the day and down approximately 44.28% over the past year.
Harvey Norman reported FY26 system sales revenue of $9,636.02 million, up 3.1%, and reported PBT of $790.29 million, up 4.9%.
PBT excluding AASB 16, property revaluations and a pecuniary penalty was $654.69 million, up 10.9%.

As at 22 October 2026, Harvey Norman Holdings Ltd (ASX:HVN) shares were priced at $4.04, down 2.89% on the day, and the share performance data shows the stock down approximately 44.28% over the past year. Harvey Norman is an Australian retailer and franchisor of electrical, furniture, bedding and technology stores, with overseas company-operated stores. Harvey Norman reported FY26 system sales revenue of $9,636.02 million, up 3.1%, and reported PBT of $790.29 million, up 4.9%.

About Harvey Norman Holdings Ltd: business overview

Harvey Norman Holdings Limited franchises Harvey Norman, Domayne and Joyce Mayne stores in Australia and operates company-owned stores in New Zealand, Ireland, Northern Ireland, Singapore, Malaysia, Slovenia and Croatia, alongside a large property portfolio.

FY26 results

In a results announcement for the year ended 30 June 2026, Harvey Norman reported system sales revenue of $9,636.02 million, up 3.1%, comprising $6.58 billion of Australian franchisee sales and $3.05 billion of overseas company-operated sales. EBITDA was $1,181.95 million, up 5.0%, and reported PBT was $790.29 million, up 4.9%. Excluding AASB 16, net property revaluations and the pecuniary penalty recognised in FY26, PBT was $654.69 million, up 10.9%. Profit after tax and non-controlling interests was $528.46 million, up 2.0%, and $437.81 million on the adjusted basis, up 8.6%.

Dividend and balance sheet

The fully franked dividend was 27.5 cents per share, up 3.8%, and basic EPS was 42.41 cents. The Chairman said total assets approached $9 billion and net assets approached $5 billion, with low gearing.

Related sector context

Retailers are influenced by household spending, consumer confidence, interest rates, supplier pricing and tariffs, and the timing of key trading periods. Companies commonly publish trading updates between full results, and report sales, gross margin, store networks and online share alongside profit. Yearly share price changes in the segment can reflect shifts in expectations for spending and housing-related demand as well as company-specific results.

Risks to weigh in

Reported results include property revaluations and AASB 16 effects, and a pecuniary penalty was recognised in FY26. Housing activity, consumer demand, interest rates and overseas expansion can affect outcomes.

Catalysts on watch

Items to watch include trading updates, overseas store expansion and the half-year result.

Closing perspective

Harvey Norman’s FY26 release recorded higher sales, profit and dividend alongside property and accounting adjustments. The next result will show trends.

FAQs

Q: What was the dividend?

A:27.5 cents per share, fully franked, up 3.8%.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.