HARVEY NORMAN HOLDINGS LIMITED DISCLOSURECurrent Reports (8-K / ad hoc)

Results Announcement FY26

30 June 2026 Results Announcement | Harvey Norman Holdings Limited | A1 Richmond Road Homebush West NSW 2140 1 $539.52m $272.01m or –33.5% from FY22  $137.20m or +34.1% from FY19 Profit Before Tax of $654.69m* up $64.33m or +10.9% Harvey Norman Holdings Limited today released its results for the year ended 30 June 2026, reporting growth in operating earnings, continued international expansion and further strengthening of its substantial asset- backed balance sheet. Reported profit before tax for the year was $790.29 million, an increase of $37.18 million or 4.9% from $753.10 million in FY25. Excluding the effects of AASB 16 Leases, net property revaluations and the pecuniary penalty recognised in FY26, profit before tax increased to $654.69 million, up $64.33 million or 10.9% from $590.36 million in the prior year. Chairman Gerry Harvey said: "FY26 delivered growth in operating earnings, continued international expansion and strong franchise profitability. With total assets approaching $9 billion, net assets approaching $5 billion, substantial property ownership and low gearing, we remain well positioned to deliver long-term sustainable growth for our shareholders." Total system sales revenue increased by 3.1% to $9.64 billion, comprising $6.58 billion in aggregated Australian franchisee sales revenue and $3.05 billion in overseas company-operated sales revenue. Growth was supported by continued momentum across technology-led categories, including Next Gen-AI products and devices, together with contributions from new store openings across international markets. "The full-year sales result reflects a strong first half and a resilient performance across the Harvey Norman® brands as retail conditions became more variable during the second half. Disciplined cost management and sales growth enabled us to absorb inflationary pressures and continue to invest in our expansion initiatives." Mr Harvey said. The franchising operations segment delivered profit before tax of $345.18 million, broadly in line with FY25. Franchising operations segment revenue increased by 4.3% to $1.09 billion, supported by higher franchise fee income, rent and outgoings, and financial accommodation income. The segment continued to generate a strong margin of 5.24% for FY26, despite softer trading condi