Key highlights

  • 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%.
  • The fully Franked Dividend was 27.5 cents per share, up 3.8%, and basic EPS was 42.41 cents.

Shares in Harvey Norman Holdings Ltd (ASX:HVN) ended 21 October 2026 at $4.16, up 1.71%. The S&P/ASX 200 Consumer Discretionary [XDJ] stood at 3,741.90, a rise of 0.34% (12.50 points), while the S&P/ASX 200 [XJO] was at 8,831.30, a rise of 0.16%, and the All Ordinaries at 8,956.60, a rise of 0.14%, at 5:00 pm GMT+11. Harvey Norman is an Australian retailer and franchisor of electrical, furniture, bedding and technology stores, with overseas company-operated stores.

What Harvey Norman does

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.

Sector context

Consumer discretionary companies depend on household spending, travel, leisure and housing activity, and they are tracked through the S&P/ASX 200 Consumer Discretionary index, which closed at 3,741.90, up 0.34%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Franchised electrical and furniture retail depends on housing activity, household spending and property valuations.

Risks and uncertainties

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 to 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.