Australia's JB Hi-Fi hits record high on strong FY result before erasing gains

JB Hi-Fi

11/08/2025 02:24

** Shares of JB Hi-Fi JBH.AX rise as much as 2.7% to a record high at A$120.86, before slipping as much as 3.5% to A$113.61

** Electronics retailer reports 5.4% rise in FY25 NPAT to A$462.4 mln ($301.25 mln)

** Co declares special dividend of 100 Australian cents fully franked; will increase the dividend payout ratio from 65% to a range of 70-80% of NPAT from FY26

** Co announces appointment of Nick Wells as group CEO as former CEO Terry Smart departs for a second time

** Analysts at Jarden of the opinion that CEO transition happened earlier than expected

** Brokerage raises questions on whether results are enough given valuation of co and recent performance

** Stock up 21.9% this year, including the day's move

($1 = 1.5349 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))