Harvey Norman Holdings Ltd · ASX:HVN
Harvey Norman — FY2026 Earnings Presentation
19 slides from Harvey Norman's earnings presentation, Aug 28, 2026
Slide 1: Presentation of Results 2026
PRESENTATION OF RESULTS | 2026 For personal use only Australia | New Zealand | Singapore | Slovenia | Ireland | United Kingdom | Malaysia | Croatia
Slide 2: Contents
2 Contents For personal use only FY26 Key Highlights 3 2026 Results for Announcement to the Market 4-5 An Integrated Retail, Franchise, Property & Digital System 6 Segment Analysis 7 Review of the Balance Sheet 8-9 Review of the Statement of Cash Flows 10 Aggregated System Sales Revenue 11 Australia
Slide 3: FY26 Key Highlights
3 FY26 KEY HIGHLIGHTS Sustained Growth, International Expansion and Balance Sheet Strength Amid 4. DIVERSIFIED EARNINGS MODEL: Multiple Increasing Global Uncertainty earnings streams across franchising, retail and property continued to be resilient, reducing reliance 1. VERY STRONG BALANCE SHEET FY2
Slide 4: 2026 Results for Announcement to the Market
4 2026 RESULTS FOR ANNOUNCEMENT TO THE MARKET Total System Sales Revenue* EBIT $9.64 bn EBITDA $1.18bn $917.02m Aggregated headline franchisee sales revenue $6.584bn For personal use only $56.47m or +5.0% from $1.13bn in FY25 $46.04m or +5.3% from $870.98m in FY25 1H26 $86.46m +14.9% | 2H26
Slide 5: 2026 Results for Announcement to the Market (continued)
2026 RESULTS FOR ANNOUNCEMENT TO THE MARKET (continued) 5 • $790.29m reported PBT, up $37.18m (+4.9%) compared with FY25, driven by improved earnings from Australian franchising operations, stronger performance across established international company-operated retail businesses and stable income fro
Slide 6: An Integrated Retail, Franchise, Property and Digital System
AN INTEGRATED RETAIL, FRANCHISE, PROPERTY AND DIGITAL SYSTEM 6 Australia New Zealand Singapore Slovenia Ireland Malaysia Croatia United Kingdom 195 43 12 5 16 40 3 4 franchised complexes stores stores stores stores stores stores stores For personal use only We operate an integrated retail, franchise
Slide 7: Segment Analysis
SEGMENT ANALYSIS 7 The consolidated entity operates an integrated retail, franchise, property and digital system, comprising three main strategic pillars: 1. Franchise — 2. Retail — 3. Property complemented by sustained investment in technology, digital transformation and IT infrastructure assets. R
Slide 8: Review of the Balance Sheet
REVIEW OF THE BALANCE SHEET 8 Increase / (Decrease) Increase / (Decrease) 30 JUNE 2026 30 JUNE 2025 $ % Total assets $8.85bn $8.37bn $476.70m 5.7% Total liabilities $3.91bn $3.53bn $381.17m 10.8% Equity $4.94bn $4.84bn $95.53m 2.0% For personal use only • $296.56m increase in the value of the freeho
Slide 9: Review of the Balance Sheet (continued)
For personal use only REVIEW OF THE BALANCE SHEET (continued) 9 Net Debt: June 26 $940.87m VS June 25 $658.52m $5,002.29 $4,904.96 $4,560.52 $4,631.69 $4,371.93 $940.87 $631.61 $671.11 $658.52 13.43% 18.81% $450.77 13.85% 14.49% 10.31% 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024
Slide 10: Review of the Statement of Cash Flows
REVIEW OF THE STATEMENT OF CASH FLOWS 10 Increase / (Decrease) Increase / (Decrease) 30 JUNE 2026 30 JUNE 2025 $ % Net cash flows from operating activities $537.22m $694.30m ($157.08m) (-22.6%) Net cash flows used in investing activities ($302.27m) ($222.54m) ($79.73m) (-35.8%) Net cash flows used i
Slide 11: Aggregated System Sales Revenue
AGGREGATED SYSTEM SALES REVENUE 11 Aggregated System Sales increase / (decrease) in local currencies: Local Total Sales 1H26 vs 1H25 2H26 vs 2H25 FY26 vs FY25 Currency Australian $ AUD 4.8% (-0.2%) 2.4% For personal use only Franchisees* New Zealand $ NZD 8.1% 2.9% 5.6% Slovenia & Croatia € EURO 13.
Slide 12: Australian Franchisee Aggregated Sales Revenue
AUSTRALIAN FRANCHISEE AGGREGATED SALES REVENUE* 12 • Australian franchisee sales revenue increased by 2.4% to $6.58bn in FY26 • Comparable franchisee sales revenue increased by 2.4% to $6.55bn from FY25 Total franchisee sales* • Franchisee sales momentum was strong through 1H26, with sales up 4.8% t
Slide 13: Franchising Operations Segment
FRANCHISING OPERATIONS SEGMENT 13 Increase / (Decrease) Increase / (Decrease) 30 June 2026 30 June 2025 $ % Franchising operations segment revenue $1.09bn $1.04bn $45.36m 4.3% Aggregated franchisee headline sales revenue* $6.584bn $6.431bn $153.28m 2.4% Franchising operations segment PBT $345.18m $3
Slide 14: Overseas Company-Operated Retail Segment
OVERSEAS COMPANY-OPERATED RETAIL SEGMENT 14 Increase / (Decrease) Increase / (Decrease) Overseas retail segment PBT result 30 June 2026 30 June 2025 $ % Retail – New Zealand $85.12m $64.89m $20.22m 31.2% Retail – Singapore & Malaysia $44.88m $41.43m $3.45m 8.3% Retail – Ireland $30.84m $22.65m $8.19
Slide 15: Overseas Company-Operated Retail Segment (continued)
OVERSEAS COMPANY-OPERATED RETAIL SEGMENT (continued) 15 New Zealand Singapore & Malaysia • Sales for FY26 decreased by $1.82m (-0.2%) to $951.94m for FY26, from $953.76m in FY25 • Aggregated sales revenue for Asia combined was $787.24m, an increase of $40.49m (+5.4%) due to the 5.4% depreciation of
Slide 16: Property Segment
PROPERTY SEGMENT 16 Increase / (Decrease) Increase / (Decrease) 30 June 2026 30 June 2025 $ % Property segment revenue $520.65m $504.23m $16.43m 3.3% Net property revaluation adjustments $156.75m $154.38m $2.38m 1.5% For personal use only Property segment EBITDA $383.76m $370.67m $13.09m 3.5% Proper
Slide 17: Freehold Property Portfolio
FREEHOLD PROPERTY PORTFOLIO 17 Net Increase / # of Owned # of Owned Net Increase / (Decrease) Retail Other (Decrease) Composition of freehold property segment assets June 2026 in Fair Value Property Property in Fair Value [Income Assets Assets [Equity] Statement] (1) Investment Properties (Freehold)
Slide 18: Leasehold Property Portfolio
LEASEHOLD PROPERTY PORTFOLIO 18 Composition of the Leasehold Property Portfolio: Right-of-Use Lease # of Leased # of Leased Composition of leasehold property portfolio Assets Liabilities Retail Other June 2026 June 2026 Property Assets Property Assets (1) Leases of Properties Licensed to External Pa
Slide 19: Outlook
OUTLOOK 19 Retail Trading Update: Aggregated system sales increase/(decrease) in local currencies from 1 July *PCP = prior corresponding period i.e. 1/7/25 to 31/7/25 vs 1/7/24 to 31/7/24 2026 to 31 July 2026 vs 1 July 2025 to 31 July 2025: Aggregated sales increase/(decrease) in local currencies: 1
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