Harvey Norman FY25 Results: Franchising Operations Revenue Up 7.4%, PBT Jumps 25.9%, Total System Sales Reach $9.35bn

Reuters
Aug 29, 2025
<a href="https://laohu8.com/S/HNORF">Harvey Norman</a> FY25 Results: Franchising Operations Revenue Up 7.4%, PBT Jumps 25.9%, Total System Sales Reach $9.35bn

Harvey Norman Holdings Ltd. has announced its financial results for the fiscal year ending June 30, 2025. The company reported a consolidated revenue of $4.47 billion, with sales of products to customers amounting to $2.92 billion and revenues received from franchisees totaling $1.16 billion. The aggregated headline franchisee sales revenue reached $6.43 billion, marking a 6.1% increase from the previous year's $6.06 billion. The franchising operations segment revenue increased by 7.4% to $1.043 billion, while the segment's profit before tax $(PBT)$ rose by 25.9% to $344.39 million. The franchising operations margin improved from 4.52% to 5.36%. The company's reported profit before tax (PBT) was $753.10 million, representing a significant increase of $211.42 million or 39.0% compared to the previous fiscal year. Excluding the AASB 16 net impact and net property revaluations, the PBT was $590.36 million, up $50.29 million or 9.3% from the prior year. The reported profit after tax and non-controlling interests amounted to $518.02 million, an increase of $165.56 million or 47.0% from the previous year. Harvey Norman's total system sales revenue, consisting of overseas company-operated sales and aggregated franchisee sales in Australia, reached $9.35 billion, reflecting a $487.91 million increase from the previous year. The company's net assets rose to $4.84 billion, with a cash conversion rate of 95.1%. Operating cash flows were reported at $694.30 million, showing an increase of $7.77 million from the previous fiscal year. The outlook for Harvey Norman Holdings Ltd. was not specified in the results announcement.

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