Key Highlights

  • BLX (ASX:BLX): FY26 statutory sales increased 3.4% to A$340.0 million. On 29 October 2026, BLX shares were priced at A$1.76, and fell 2.22%.
  • Statutory net profit after tax declined 8.1% to A$27.0 million.
  • Trade sales through Beacon Lighting stores increased 14.5%.

Beacon Lighting Group sells lighting, fans and related products through company stores, trade channels and its commercial lighting activities. FY26 statutory sales increased to A$340.0 million from A$328.9 million in FY25, while statutory net profit after tax was A$27.0 million, compared with A$29.4 million. The group recorded a 68.6% statutory gross profit margin, against 69.1% a year earlier. Shares were priced at A$1.76 on 29 October 2026, down 2.22%. The company’s operating results reflect both consumer-facing retail trading and sales to trade customers, alongside product development and store-network activity. As of 29 October 2026, BLX (ASX:BLX) shares were at AUD 1.76, recording a 2.22% move downward for the day. The following sections cover statutory sales and profit, trade-channel growth, store development and product activity.

Reported Sales and Earnings

Beacon Lighting Group reported FY26 statutory sales of A$340.024 million, up 3.4% from A$328.918 million. Statutory gross profit increased 2.7% to A$233.319 million, while Gross Profit Margin was 68.6%, compared with 69.1% in FY25. Statutory EBITDA was A$86.985 million, down 0.1%, and EBIT declined 6.1% to A$47.892 million. Statutory net profit after tax decreased 8.1% to A$26.991 million. The company separately reported underlying FY26 sales of A$340.309 million, underlying EBITDA of A$88.499 million and underlying NPAT of A$28.054 million; these should not be confused with the statutory figures.

Store Sales and Product Activity

Beacon Lighting reported company-store comparable sales growth of 1.8% across FY26 and 7.1% in the fourth quarter. Trade sales through its stores increased 14.5%. Trade sales represented 43.3% of total relevant sales, which the presentation defined as stores, commercial, Masson For Light and Custom Lighting. The group listed new store activity at Auburn, St Kilda, Millers Junction, Geelong and McGraths Hill, including specified relocations, expansions and a Franchise conversion. It also reported 692 newly designed and developed products and 347 accredited lighting design consultants.

Cash Flow and Business Composition

The group reported net operating Cash Flow of A$60.8 million and cash and other financial Assets of A$54.2 million. Its presentation described trading across Beacon Lighting Stores, Beacon Commercial, Connected Lighting and other parts of the business. The company attributed changes in its gross margin mix partly to a higher proportion of trade sales. Statutory operating expenses increased 4.7% to A$149.713 million, compared with A$142.955 million a year earlier. The reported statutory EBIT margin was 14.1%, down from 15.5% in FY25.

Margins and Statutory Costs

In FY26, Beacon Lighting’s statutory gross profit increased to A$233.319 million from A$227.221 million despite a reduction in gross margin to 68.6% from 69.1%. Statutory operating expenses increased 4.7% to A$149.713 million from A$142.955 million, moving from 43.5% to 44.0% of sales. The statutory EBITDA margin was 25.6%, compared with 26.5% in FY25, and the EBIT margin moved from 15.5% to 14.1%. The company presented a separate underlying comparison, including underlying EBITDA of A$88.499 million and underlying EBIT of A$49.406 million. Those figures differ from the statutory EBITDA of A$86.985 million and statutory EBIT of A$47.892 million.

Store Activity and Commercial Customers

Store activity referenced in the release includes Auburn in New South Wales, St Kilda and Millers Junction in Victoria, Geelong in Victoria and McGraths Hill in New South Wales. The document identifies St Kilda as a previously franchised store purchased by the group; Geelong is described as a relocation and expansion, and McGraths Hill as an expansion. Comparable company-store sales increased 1.8% across FY26 and 7.1% in its fourth quarter. Sales through the trade channel grew 14.5%, and total trade sales accounted for 43.3% of total relevant sales. The relevant-sales denominator includes stores, Beacon Commercial, Masson For Light and Custom Lighting.

Products and Staff Expertise

The presentation states that the group designed and developed 692 new products and reported 347 accredited lighting design consultants. Management discussed lighting ranges and commercial work alongside the store network, and identified the expansion of trade sales as a feature of the operating mix. Different sales measures appear in the presentation: statutory FY26 sales of A$340.024 million and underlying FY26 sales of A$340.309 million. The underlying figure incorporates adjustments explained in the financial presentation and should not be substituted for the statutory total. Cash and other financial assets were reported at A$54.2 million, while net Operating Cash Flow reached A$60.8 million.

FY26 underlying sales were A$340.3 million and underlying EBITDA was A$88.5 million, with an underlying net profit after tax of A$28.1 million. Company-store comparable sales increased 1.8% across FY26 and 7.1% in the final quarter. Trade sales through Beacon Lighting stores advanced 14.5%, with trade accounting for 43.3% of relevant sales. The group identified five store projects, including new locations and extensions, and reported 692 designed and developed new products. Its sales performance was accompanied by a decline in statutory EBIT from A$51.0 million to A$47.9 million.

Key Insights

For BLX (ASX:BLX), FY26 statutory sales increased while net profit declined. Trade sales, store activity and the difference between statutory and underlying Earnings account for the principal operating developments.