JB Hi-Fi Posts AUD 10.55 Billion Sales, Declares Special Dividend

Strong FY25 Financial Performance

JB Hi-Fi Limited has delivered a solid financial performance for the fiscal year ending 2025, with total sales climbing 10% to AUD 10.55 billion. Earnings before interest and tax (EBIT) increased 7.3% to AUD 694.1 million, excluding a one-off $13.7 million expense related to the resolution of ACCC proceedings against The Good Guys. Net profit after tax (NPAT) rose 5.4% to AUD 462.4 million, while earnings per share (EPS) grew by the same margin to 423 cents.

This growth was driven by strong performances across JB Hi-Fi’s core brands, including JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys, as well as the newly acquired premium home appliance and bathroom retailer e&s. The group’s multichannel strategy, combining physical stores, online platforms, and personalized sales channels, continues to underpin its market leadership.

Dividend Policy and Capital Management

Reflecting confidence in ongoing cash flow and profitability, the Board declared a fully franked special dividend of 100 cents per share, in addition to a final dividend of 105 cents per share, bringing the total ordinary dividend to 275 cents per share. Importantly, the dividend payout ratio will increase from 65% to a range of 70-80% of NPAT starting FY26, signaling a more shareholder-friendly capital return policy.

The company maintains a strong balance sheet with a net cash position of AUD 284.1 million, despite the acquisition-related cash outflows. Capital expenditure rose modestly to support store expansions and digital initiatives, ensuring the group remains well-positioned for future growth.

Leadership Transition and Strategic Outlook

In a significant leadership update, CEO Terry Smart announced his retirement effective 3 October 2025. He will be succeeded by current COO Nick Wells, ensuring continuity in operational leadership. This transition comes at a time when JB Hi-Fi is expanding its footprint, including new store openings in Australia and New Zealand, and integrating the e&s acquisition.

Looking ahead, the group’s FY26 focus areas include enhancing brand reach, improving customer engagement, optimizing supply chain logistics, and leveraging multichannel capabilities. Early trading updates for July 2025 indicate sustained sales momentum, particularly in JB Hi-Fi Australia and New Zealand, despite broader retail market uncertainties.

Sustainability and Community Commitment

JB Hi-Fi also highlighted its ongoing commitment to sustainability and community investment, aiming for net zero direct carbon emissions by 2030 and promoting ethical sourcing and recycling initiatives. These efforts align with the company’s broader purpose to help people live better for less, while fostering a diverse and engaged workforce.