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Entertainment retailer JB Hi-Fi Ltd (AX:JBH) has turned in a good performance for the half year ending December 31, telling investors its sales for the period had risen nearly 10% in addition to solid earnings and profit readings.
In its report for the first half of the 2025 fiscal year, JB Hi-Fi said its group sales had risen 9.8% – to $5.67 billion – while EBIT (earnings before interest and tax) was up 8.6% to $419.9 million, and NPAT (net profit after tax) had increased 8%, to $285.4 million.
The company also reported an interim dividend of 170cps; a rise of 12cps or 7.6%.
Increased sales were a pattern across the board: Good Guys brought sales of $1.52 billion, while total sales for e&s were up 7.6% to $92.3 million.
The reading was particularly strong in JB Hi-Fi New Zealand, where a rise of 20% was reported for total sales of NZD202.5 million. In Australia, sales were up 7.2% to $3.88 billion, driven by technology and electronics.
Group CEO Terry Smart said it had been a good six months for the company.
“In this challenging trading environment, marked by heightened competitor activity, our focus remained on maximising demand through delivering consistently high levels of customer service and exceptional value for our customers,” he said.
JB Hi-Fi has been trading at $102.45.
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