Key highlights

  • Breville reported FY26 Revenue of $1,810.9 million, up 6.7%, and EBIT of $207.0 million, up 1.2%, in its 19 August 2026 release.
  • NPAT was $138.1 million, the Dividend was 38.0 cents, and net cash was $104.4 million.
  • 85% of 120-volt product Gross Profit is now sourced outside China.

Breville Group Ltd (ASX:BRG) closed 21 October 2026 at $31.46, higher by 0.74%. Across the market, the S&P/ASX 200 Consumer Discretionary [XDJ] index settled at 3,741.90, higher by 0.34% or 12.50 points, the S&P/ASX 200 [XJO] at 8,831.30, higher by 0.16%, and the All Ordinaries at 8,956.60, higher by 0.14%, at 5:00 pm GMT+11. Breville is a designer and distributor of small kitchen appliances, including espresso machines, sold in over 70 countries.

What Breville does

Breville Group Limited designs and sells premium kitchen appliances, particularly coffee machines and cooking products, through retailers and online channels across North America, Asia Pacific, Europe and other markets.

FY26 results

In an ASX release dated 19 August 2026, Breville reported revenue of $1,810.9 million, up 6.7% (9.7% in constant currency), gross profit of $651.4 million and a gross Margin of 36.0%, down from 36.6%. EBITDA was $284.1 million, EBIT was $207.0 million, up 1.2%, and NPAT was $138.1 million, up 1.7%. Reported revenue growth was reduced by a lower US dollar and euro in the second half, and second-half gross margin of 36.8% was above the first half and the prior period.

Manufacturing and tariffs

The company said Manufacturing Diversification was substantially complete, with 85% of 120-volt product gross profit dollars now sourced outside China. Net tariffs were managed with the Supply chain, and refunds were treated on the same net basis, producing minimal net profit effect in FY26. Full-year gross margin reflected higher net tariffs and the transition costs of accelerated diversification.

Growth and returns

Coffee and Cooking each grew revenue by double digits, and young markets including China, Korea, Mexico and the Middle East grew by over 70% collectively. The dividend was 38.0 cents, fully franked, and net cash was $104.4 million versus $48.5 million. Return on Equity was 13.6%, down from 14.9%.

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. Premium appliance makers are exposed to tariffs, currency and household discretionary spending.

Risks and uncertainties

Gross margin fell for the year, EBIT growth was 1.2%, and US tariffs changed four times during the year. Currency, supply chain disruption linked to the Strait of Hormuz and consumer Demand can affect outcomes.

Catalysts to watch

Items to watch include gross margin recovery, Tariff developments, growth in new markets and the half-year result.

Closing perspective

Breville’s 19 August 2026 release recorded record sales with modest profit growth and a completed manufacturing shift. Later results will show gross margin trends.