Harvey Norman Holdings (ASX:HVN) Full Year 2025 Results

Key Financial Results

Revenue: AU$2.92b (up 4.1% from FY 2024). Net income: AU$518.0m (up 47% from FY 2024). Profit margin: 18% (up from 13% in FY 2024). The increase in margin was primarily driven by higher revenue. EPS: AU$0.42 (up from AU$0.28 in FY 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Harvey Norman Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

The primary driver behind last 12 months revenue was the Retail - New Zealand segment contributing a total revenue of AU$953.8m (33% of total revenue). Notably, cost of sales worth AU$2.02b amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to AU$935.4m (246% of total expenses). Explore how HVN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Multiline Retail industry in Australia.

Performance of the Australian Multiline Retail industry.

The company's shares are up 21% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted  1 warning sign for Harvey Norman Holdings you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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