Harvey Norman (ASX:HVN) Down About 43% Over Twelve Months: A Year in Review and What to Watch

Sonal Goyal

25 October 2026 10:30 AM AEDT

Harvey Norman (ASX:HVN) Down About 43% Over Twelve Months: A Year in Review and What to Watch

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Key Highlights

Harvey Norman (ASX:HVN) closed at A$4.17 on 23 October 2026, up 3.22% on the day and approximately 43% lower over a year.
FY26 system sales were $9.64 billion and reported profit before tax was $790.29 million.
The full-year dividend was 27.5 cents per share, fully franked.

Harvey Norman Holdings Ltd (ASX:HVN) closed at A$4.17 on 23 October 2026, up 3.22% (A$0.13) on the day, but the shares are approximately 43% lower than twelve months ago. Harvey Norman is an Australian retail, franchise and property group. Its FY26 results were released on 28 August 2026, and the day's move has not been linked to that release.

About Harvey Norman

Harvey Norman earns franchise fees, rent and financial accommodation income from Australian franchisees under the Harvey Norman, Domayne and Joyce Mayne brands, operates company-owned retail stores overseas and holds a large property portfolio.

Latest development: FY26 results (28 August 2026)

Total system sales revenue was $9.64 billion, up 3.1%, EBITDA was $1,181.95 million, up 5.0%, reported profit before tax was $790.29 million, up 4.9%, and profit after tax and non-controlling interests was $528.46 million, up 2.0%. Excluding the net impact of AASB 16, property revaluations and a pecuniary penalty, profit before tax was $654.69 million, up 10.9%.

The franchising segment's profit before tax of $345.18 million was broadly in line with FY25, the overseas segment rose 23.4% to $135.72 million, and the property segment's profit was $333.49 million including a $156.75 million net revaluation increment. The final dividend was 13.0 cents, bringing the full-year dividend to 27.5 cents, up from 26.5 cents.

Risks to weigh

The company referred to softer second-half trading in franchising, and reported earnings include non-operating items such as property revaluation gains and a pecuniary penalty. The share price has declined approximately 43% over the year.

What lies ahead

Items to watch include the 12 November 2026 dividend payment, the United Kingdom roll-out, property revaluations and trading in technology categories.

FAQs

Q: What was the FY26 dividend?

A:27.5 cents per share, fully franked.

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