Harvey Norman Reports 123.6% UK Sales Growth Driving 9.1% Global Revenue Rise
Harvey Norman Holdings reports a robust 9.1% increase in aggregated sales revenue across key international markets, supported by currency appreciation and selective store openings.
- Aggregated sales revenue up 9.1% from July to November 2025
- Strong growth in UK, Slovenia & Croatia, and Ireland markets
- Currency appreciation in Euro, UK Pound, Singapore Dollar, and Malaysian Ringgit boosted results
- Two new company-operated stores opened in Singapore and Malaysia
- Total overseas company-operated stores now 121 after some closures
Strong Sales Momentum Across Multiple Regions
Harvey Norman Holdings Limited has announced a notable 9.1% increase in aggregated sales revenue for the period from 1 July to 20 November 2025 compared to the same period last year. This growth reflects the company’s continued strength across its international footprint, including wholly-owned stores in New Zealand, Slovenia, Croatia, Ireland, and the United Kingdom, as well as majority-owned stores in Singapore and Malaysia.
Particularly striking is the surge in sales in the United Kingdom, which recorded an extraordinary 123.6% increase in Australian dollar terms, driven in part by a strong local currency and possibly reflecting successful market penetration or promotional efforts. Slovenia and Croatia also posted impressive growth of 25.3%, while Ireland saw a 17.9% rise, underscoring Harvey Norman’s expanding presence in Europe.
Currency Tailwinds and Store Network Adjustments
The company’s sales performance benefited from favorable currency movements, with the Euro appreciating by 9.0%, the UK Pound by 5.5%, the Singapore Dollar by 4.6%, and the Malaysian Ringgit by 7.1% against the Australian dollar. These currency gains have positively impacted reported sales figures, although the New Zealand dollar’s slight depreciation by 1.6% tempered growth in that market.
Harvey Norman also expanded its physical retail footprint by opening two new company-operated stores, one at Punggol Coast Mall in Singapore and another at The Beat at Kiara Bay in Kuala Lumpur, Malaysia. These openings were balanced by the closure of one store in Singapore and one in New Zealand, maintaining a total of 121 overseas company-operated stores. This selective approach to store management suggests a focus on optimizing market presence and operational efficiency.
Franchise Sales and Future Outlook
Significantly, sales from Australian franchisees, while contributing to the overall brand footprint, are not included in Harvey Norman Holdings Limited’s consolidated financial results. Nevertheless, Australian franchisees reported a solid 6.5% increase in aggregated sales revenue, indicating healthy consumer demand domestically.
Looking ahead, the company’s ability to sustain this growth trajectory will depend on continued currency stability, effective management of its international store network, and the evolving retail environment. The strong comparable sales increase of 8.1% also signals underlying demand resilience beyond currency effects.
Bottom Line?
Harvey Norman’s international sales momentum and strategic store moves set the stage for a promising year-end performance.
Questions in the middle?
- Will currency fluctuations continue to bolster Harvey Norman’s reported sales in coming quarters?
- How will the company balance further store expansions against closures in key markets?
- What impact will franchisee sales trends have on the broader Harvey Norman brand performance?
