Australian appliance maker Breville has posted a 14.6% jump in full-year profit, driven by surging global demand for its coffee machines and a series of preemptive management moves to offset U.S. tariffs.

Net profit rose to $135.9 million, well ahead of last year’s $118.5 million and above consensus estimates of $133.5 million, according to Visible Alpha. The result came in at the top end of earnings guidance after the company pulled forward U.S. inventory shipments ahead of President Donald Trump’s tariff increases.

Group revenue climbed 10.9% to $1.7 billion, with growth across the Americas, EMEA, and APAC. Earnings before interest and tax rose 10.2% to $204.5 million, also hitting the upper range of guidance.

Chief executive Jim Clayton said Breville’s long-term strategy is paying off:

“Cooking returned to growth and food prep stabilised, while the platforms we’ve spent years building – new product development, geographic expansion, and digital platforms – all scaled together, delivering nearly $1.7 billion in sales and $620 million of gross profit.”

To blunt the impact of tariffs, Breville has shifted production of its 120-volt products for North America from China to Indonesia and Mexico, with further diversification planned. Clayton acknowledged tariffs remain a challenge, warning of “a material step up in input costs for U.S. sales” that may necessitate further supply chain shifts or price rises.

The company also highlighted strong early traction in China and the Middle East, markets it views as having significant long-term potential.

Breville declared a final dividend of 19¢ per share, taking the full-year payout to 37¢, payable October 2.

Analysts at UBS expect the $5.2 billion group could more than double sales over the next decade, supported by global coffee consumption trends and expansion into new markets.