Jb Hi-fi Limited · ASX:JBH
Jb Hi-fi — FY2026 Earnings Presentation
46 slides from Jb Hi-fi's earnings presentation, Aug 17, 2026
Slide 1: FY26 Results Presentation
rsonal use only JB Hi-Fi Limited FY26 Results Presentation 17 August 2026 Nick Wells David Giansalvo Group CEO Group CFO
Slide 2: Agenda
Appendices Agenda 1. Group Overview rsonal use only 2. FY26 Financial Performance 3. Balance Sheet and Cash Flow 4. Group Focus Areas 5. FY27 Trading Update 6. Investment Checklist JB HI-FI LIMITED PAGE 2
Slide 3: Group Overview
rsonal use only 1. Group Overview
Slide 4: The group model: three iconic retail brands
https://www.thegoodguys.com.au/wcsstore/AUOnlineSAS/images/good-guys-logo.svg The group model Three iconic retail brands rsonal use only Help people with better ways to Purpose live, learn, work, and play Help families live better for less Help people make great homes Leading retailer of technology
Slide 5: Underpinned by key competitive advantages
The group model Underpinned by 4 key competitive advantages rsonal use only 1 Scale & Diversification 2 Low Cost Operating Model 3 Multichannel Capability 4 People and Culture Scale ▪ Constant focus on productivity and ▪ Focus on providing the customer with an ▪ Knowledgeable and passionate ▪ #1 pla
Slide 6: Generating sustainable long-term growth
Generating sustainable long-term growth The Group today released its FY26 Responsible Business Report outlining our commitment to having a positive impact on our people, our community and our environment rsonal use only OUR PEOPLE OUR COMMUNITIES OUR ENVIRONMENT Health, Safety & Wellbeing Community
Slide 7: FY26 Financial Performance
rsonal use only 2. FY26 Financial Performance
Slide 8: Group FY26 Performance
Group FY26 Performance rsonal use only AUD FY26 FY25 FY251 Growth Growth (Statutory) (Underlying) Total sales ($m) 11,064.0 10,554.8 509.2 4.8% ▲ 10,554.8 509.2 4.8% ▲ Earnings before interest and tax ($m) 734.4 694.1 40.3 5.8% ▲ 707.8 26.6 3.8% ▲ 2 Net profit after tax ($m) 489.9 462.4 27.5 6.0% ▲
Slide 9: Group FY26 Performance by division
Group FY26 Performance FY26 FY251 Growth rsonal use only $m % Sales ($m) - JB HI-FI Australia 7,416.4 7,103.2 313.2 4.4% ▲ - JB HI-FI New Zealand (NZD) 499.5 396.3 103.2 26.0% ▲ - The Good Guys 2,943.8 2,865.0 78.8 2.7% ▲ - e&s 273.1 225.2 48.0 21.3% ▲ Total Sales (AUDm) 11,064.0 10,554.8 509.2 4.8%
Slide 10: JB HI-FI Australia FY26 Performance
JB HI-FI Australia FY26 Performance rsonal use only AUD FY26 FY25 Growth Sales ($m) 7,416.4 7,103.2 4.4% ▲ Gross Profit ($m) 1,627.3 1,562.3 4.2% ▲ Gross Margin (%) 21.94% 21.99% (5 bps) ▼ Cost of Doing Business (%) 12.46% 12.42% +4 bps ▲ EBITDA ($m) 703.1 680.2 3.4% ▲ EBITDA Margin (%) 9.48% 9.58%
Slide 11: JB HI-FI Australia FY26 Performance
JB HI-FI Australia FY26 Performance FY26 Sales rsonal use only ▪ Total sales increased by 4.4% to $7.42 billion, with comparable sales up SALES GROWTH BY Quarter 3.2%. The key growth categories were Computers, Mobile Phones, Fitness, Small Appliances and IT Total ▪ Online1 sales increased by 7.0% to
Slide 12: JB HI-FI New Zealand FY26 Performance
JB HI-FI New Zealand FY26 Performance rsonal use only NZD FY26 FY25 Growth Sales ($m) 499.5 396.3 26.0% ▲ Gross Profit ($m) 86.9 67.3 29.1% ▲ Gross Margin (%) 17.41% 16.99% +41 bps ▲ Cost of Doing Business (%) 13.66% 14.72% (106 bps) ▼ EBITDA ($m) 18.7 9.0 107.2% ▲ EBITDA Margin (%) 3.74% 2.28% +147
Slide 13: JB HI-FI New Zealand FY26 Performance
JB HI-FI New Zealand FY26 Performance FY26 Sales SALES GROWTH BY Quarter rsonal use only ▪ Total sales increased by 26.0% to NZD499.5 million, with comparable sales up 15.3%, as the business continues to resonate with customers and expand its reach 39.3% Total Comp ▪ The key growth categories were M
Slide 14: The Good Guys FY26 Performance
The Good Guys FY26 Performance rsonal use only AUD FY26 FY251 Growth Sales ($m) 2,943.8 2,865.0 2.7% ▲ Gross Profit ($m) 698.9 672.4 3.9% ▲ Gross Margin (%) 23.74% 23.47% +27 bps ▲ Cost of Doing Business (%) 14.25% 14.17% +8 bps ▲ EBITDA ($m) 279.4 266.4 4.8% ▲ EBITDA Margin (%) 9.49% 9.30% +19 bps
Slide 15: The Good Guys FY26 Performance
The Good Guys FY26 Performance FY26 Sales SALES GROWTH BY Quarter rsonal use only ▪ Total sales increased by 2.7% to $2.94 billion, with comparable sales up 2.7%. The key growth categories were Portable Appliances, Floorcare, Cooking, Refrigeration and Audio Total ▪ Online1 sales increased by 13.1%
Slide 16: e&s FY26 Performance
e&s FY26 Performance rsonal use only 1 AUD FY26 FY25 Growth Sales ($m) 273.1 225.2 21.3% ▲ Gross Profit ($m) 81.2 64.3 26.3% ▲ Gross Margin (%) 29.72% 28.56% +117 bps ▲ Cost of Doing Business (%) 26.15% 23.31% +284 bps ▲ EBITDA ($m) 9.8 11.8 (17.1%) ▼ EBITDA Margin (%) 3.59% 5.25% (166 bps) ▼ EBIT (
Slide 17: e&s FY26 Performance
e&s FY26 Performance FY26 Sales SALES GROWTH BY Quarter rsonal use only ▪ Total sales for the twelve months to 30 June 2026 were $273.1 million ▪ In FY25, the Group consolidated ten months’ sales and as a result, on a Total statutory basis, sales were up 21.3%. For comparative purposes for the full
Slide 18: Balance Sheet and Cash Flow
rsonal use only 3. Balance Sheet and Cash Flow
Slide 19: Group Balance Sheet and Cash Flow
Group Balance Sheet and Cash Flow Group Balance Sheet rsonal use only AUDm FY26 FY25 ▪ Inventory was $1.36 billion, up 4.5% or $57.9 million year on year Cash 206.5 284.1 Receivables 184.6 186.5 ▪ Inventory turnover was down 24 bps to 6.46x (FY25: 6.71x) Inventories 1,356.4 1,298.5 Other 48.6 46.5 ▪
Slide 20: Group Cash Flow Statement and Performance Indicators
Group Balance Sheet and Cash Flow Group Cash Flow Statement Group Performance Indicators rsonal use only AUDm FY26 FY25 FY26 FY25 Fixed Charge Ratio 3 3.8x 3.9x EBITDA 1,008.4 952.9 Interest Cover 3 235.7x 276.2x Change in working capital (85.2) (10.0) Net interest received / (paid) on borrowings 5.
Slide 21: Capital Management
Group Balance Sheet and Cash Flow Capital Management FY26 TOTAL ORDINARY DIVIDEND rsonal use only ▪ As announced in August 2025, from FY26 the Board increased the UP 22.5% TO 337 CPS dividend payout ratio from 65% to a range of 70-80% of NPAT1 Ordinary ▪ The final dividend is 127 cents per share (cp
Slide 22: Group Focus Areas
rsonal use only 4. Group Focus Areas
Slide 23: Group FY27 Focus Areas
Group Focus Areas The Group continues to leverage and evolve its unique offer and capabilities rsonal use only Group FY27 Focus Areas 5 1 e&s Expansion Retail Execution CUSTOMER FIRST 4 2 Supply Chain Store Growth 3 Multichannel Growth JB HI-FI LIMITED PAGE 23
Slide 24: Retail Execution
Group Focus Areas 1 Retail Execution rsonal use only Leverage our unique value proposition to grow market share ▪ Drive Value - Leverage our low price and discount heritage ▪ Supplier Relationships - Utilise our supplier relationships to access stock, create best in market promotions and win at key
Slide 25: Store Growth
Group Focus Areas 2 Store Growth rsonal use only Grow our store network with new store openings and expansions ▪ JB Hi-Fi Australia ▪ 4 new stores in FY27, including continued expansion into regional locations ▪ 1 store relocation ▪ JB Hi-Fi New Zealand ▪ 2 new stores in FY27 and 1 store relocation,
Slide 26: Multichannel Growth
Group Focus Areas 3 Multichannel Growth rsonal use only Build on our digital and physical assets, create consistent customer experiences across channels and attract more shoppers to our brands ▪ Digital Channels - Grow our online, phone and chat sales channels to meet customers’ changing shopping ne
Slide 27: Supply Chain
Group Focus Areas 4 Supply Chain rsonal use only Continue to evolve our fit for purpose Supply Chain to enhance the customer experience ▪ Delivery Options - Focus on delivering best-in-class delivery options for our customers ▪ Transport Management System (“TMS”) - Leverage our new TMS to deliver im
Slide 28: e&s Expansion
Group Focus Areas 5 e&s Expansion rsonal use only Invest in e&s for future growth ▪ Capability - Strengthen capability with the appointment of experienced leaders in key management positions ▪ New Website - Migrate our website to Shopify to significantly improve our online customer experience ▪ Comm
Slide 29: FY27 Trading Update
rsonal use only 5. FY27 Trading Update
Slide 30: FY27 Trading Update: July 2026 sales update
FY27 Trading Update July 2026 sales update rsonal use only The Group provides the following sales update for the period 1 July 2026 to 31 July 2026 ▪ Total sales growth for JB HI-FI Australia was -0.5% with comparable sales growth of -1.4% ▪ Total sales growth for JB HI-FI New Zealand was 20.9% with
Slide 31: Investment Checklist
rsonal use only 6. Investment Checklist
Slide 32: Investment Checklist
Investment Checklist rsonal use only Unique and relevant brands, known Unique team culture and unrivalled and trusted for value customer service Flexible business model – history of Multichannel capability built category growth and development around high-quality store portfolio Diverse and
Slide 33: Appendices
ppendices 6 Ajuo asn jeuosia
Slide 34: Appendices
Appendices Appendix I - Quarterly Sales Growth rsonal use only Appendix II - Group Profit & Loss Breakdown a) Group Profit & Loss – Statutory Breakdown b) Group Profit & Loss – Underlying Breakdown Appendix III - 5 Year History a) Group Profit & Loss b) JB HI-FI Australia Profit & Loss c) JB HI-FI N
Slide 35: Appendix I: Divisional Sales Growth by quarter
Appendix I Divisional Sales Growth by quarter rsonal use only FY26 Sales Growth FY25 Sales Growth Q1 Q2 H1 Q3 Q4 H2 FY Q1 Q2 H1 Q3 Q4 H2 FY JB HI-FI Australia Total 6.0% 6.5% 6.3% 4.0% 0.3% 2.1% 4.4% 4.9% 8.7% 7.2% 6.5% 9.0% 7.8% 7.5% Comparable 5.0% 5.0% 5.0% 2.6% (0.8%) 0.8% 3.2% 5.0% 8.8% 7.2% 6.
Slide 36: Group Profit & Loss – Statutory Breakdown
Appendix II a) Group Profit & Loss – Statutory Breakdown rsonal use only FY26 FY25 JB HI-FI JB HI-FI The Good JB HI-FI JB HI-FI The Good Growth e&s Group e&s Group AUDm AUST NZ (NZD) Guys AUST NZ (NZD) Guys Sales 7,416.4 499.5 2,943.8 273.1 11,064.0 7,103.2 396.3 2,865.0 225.2 10,554.8 4.8% ▲ Gross
Slide 37: Group Profit & Loss – Underlying Breakdown
Appendix II b) Group Profit & Loss – Underlying Breakdown rsonal use only FY26 FY251 JB HI-FI JB HI-FI The Good JB HI-FI JB HI-FI The Good Growth e&s Group e&s Group AUDm AUST NZ (NZD) Guys AUST NZ (NZD) Guys Sales 7,416.4 499.5 2,943.8 273.1 11,064.0 7,103.2 396.3 2,865.0 225.2 10,554.8 4.8% ▲ Gros
Slide 38: Group Profit & Loss five-year history
Appendix III a) 5 year Group Profit & Loss rsonal use only AUDm FY26 FY251 FY24 FY23 FY22 Sales 11,064.0 10,554.8 9,592.4 9,626.4 9,232.0 Gross Profit 2,482.4 2,360.4 2,140.4 2,182.5 2,080.4 Gross Margin 22.44% 22.36% 22.31% 22.67% 22.53% EBITDA 1,008.4 966.6 884.3 993.2 1,013.9 Depreciation on Fixe
Slide 39: JB HI-FI Australia Profit & Loss
Appendix III b) 5 year JB HI-FI Australia Profit & Loss rsonal use only AUDm FY26 FY25 FY24 FY23 FY22 Sales 7,416.4 7,103.2 6,609.9 6,546.1 6,196.5 Gross Profit 1,627.3 1,562.3 1,467.8 1,481.4 1,387.7 Gross Margin 21.94% 21.99% 22.21% 22.63% 22.40% EBITDA 703.1 680.2 634.1 690.9 681.4 Depreciation o
Slide 40: JB HI-FI New Zealand Profit & Loss
Appendix III c) 5 year JB HI-FI New Zealand Profit & Loss rsonal use only NZDm FY26 FY25 FY24 FY23 FY22 Sales 499.5 396.3 327.9 292.1 262.4 Gross Profit 86.9 67.3 55.5 46.7 45.7 Gross Margin 17.41% 16.99% 16.93% 16.00% 17.40% EBITDA 18.7 9.0 4.4 5.3 12.2 Depreciation on Fixed Assets 4.4 2.5 1.3 0.1
Slide 41: The Good Guys Profit & Loss
Appendix III d) 5 year The Good Guys Profit & Loss rsonal use only AUDm FY26 FY251 FY24 FY23 FY22 Sales 2,943.8 2,865.0 2,679.1 2,813.0 2,789.4 Gross Profit 698.9 672.4 621.2 658.4 649.9 Gross Margin 23.74% 23.47% 23.19% 23.40% 23.30% EBITDA 279.4 266.4 246.1 297.4 321.1 Depreciation on Fixed Assets
Slide 42: Group Balance Sheet
Appendix III e) 5 year Group Balance Sheet rsonal use only AUDm FY26 FY25 FY24 FY23 FY22 Cash 206.5 284.1 317.7 177.3 125.6 Receivables 184.6 186.5 135.1 146.5 132.6 Inventories 1,356.4 1,298.5 1,093.6 1,040.9 1,135.3 Other 48.6 46.5 39.9 34.6 31.2 Total Current Assets 1,796.1 1,815.6 1,586.3 1,399.
Slide 43: Group Cash Flow
Appendix III f) 5 year Group Cash Flow rsonal use only AUDm FY26 FY25 FY24 FY23 FY22 EBITDA 1,008.4 952.9 884.3 993.2 1,013.9 Change in working capital (85.2) (10.0) 40.2 5.0 (119.4) Net interest received / (paid) on borrowings 5.3 9.8 9.3 0.7 (0.6) Interest on lease liabilities (38.7) (35.3) (29.2)
Slide 44: Group CODB reconciliation
Appendix III g) 5 year Group CODB reconciliation rsonal use only AUDm FY26 FY251 FY24 FY23 FY22 Other income (ex interest revenue) (4.9) (1.1) (1.8) (3.2) (2.2) Sales and marketing expenses 1,229.0 1,167.0 1,039.1 978.3 881.1 Occupancy expenses 371.7 349.6 328.0 321.8 302.8 less depreciation, amorti
Slide 45: Group store reconciliation
Appendix IV 355 stores across Australia and New Zealand1 Group store reconciliation rsonal use only FY26 FY25 Opened Closed Total 1 2 JB Hi-Fi Australia 206- 4 (1) 209- 24 14 41 JB Hi-Fi New Zealand 23- 3 - 26- 24 5 The Good Guys 107 - - 107 14 30 61 3 e&s 12 1 - 13 5 TOTAL 348 8 (1) 355 28 59 11 1
Slide 46: Important Notice and Disclaimer
Important Notice and Disclaimer The material in this presentation is general background information about JB Hi-Fi Limited (ACN 093 220 136) (JB Hi-Fi) and its rsonal use only activities current as at the date of the presentation, 17th August 2026. It is information given in summary form and does no