Australia's Harvey Norman hits record high on FY profit beat, 'strong' start to FY26

Harvey Norman Holdings

29/08/2025 01:28

** Harvey Norman HVN.AX soars as much as 14.7% to a record high of A$7.090; marks biggest intraday pct jump since August 2009

** Stock among top 10 performers on ASX200 index .AXJO

** Furniture and electronics retailer posts FY25 net income of A$518 mln ($336.6 mln), up 47% y/y and above Visible Alpha consensus of A$473.8 mln

** Aggregated sales in July rises 9.9% vs PCP; comparable sales up 8.7%, signalling strong start to FY26

** Declares final dividend of 14.5 AU cents/share, higher than VA consensus of 12.9 AU cents

** HVN last up 13%, takes YTD gains to 47.11%

($1 = A$1.5389)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))