Questions are emerging about the resilience of Australia’s premium appliance market after luxury whitegoods distributor Andi,Co Australia reported an 83% collapse in annual profit alongside a sharp fall in revenue.

The privately owned Melbourne based distributor of premium European household and commercial appliances posted revenue of $43.8 million for the 2025 financial year, down from $49.8 million a year earlier.

Net profit fell to $827,701 from $4.86 million in the prior corresponding period.

Despite the earnings decline, the company maintained dividend payments at $2.68 million, unchanged from 2024.

Andi,Co is one of Australia’s largest distributors of high end European appliance brands, with a portfolio that includes Liebherr refrigeration, Falcon cookers, La Cornue luxury French cooking appliances, AGA, Rayburn, Evo and Novi ventilation systems.

The company, which has operated since the early 1980s, expanded its position in the luxury cooking segment during 2025 after taking over Australian distribution of AGA and Rayburn following the exit of former distributor AGA Shop.

The results are likely to intensify scrutiny of conditions in the premium appliance sector, where retailers and distributors are facing slowing discretionary spending and softer housing related demand. Industry sources said premium appliance retailers including Winnings and e&s were already battling subdued sales growth amid weakening consumer confidence.

Analysts said Andi,Co’s earnings result could also fuel concerns among international suppliers about distribution arrangements in the Australian market, particularly given uncertainty surrounding the future positioning of several premium appliance retailers.

The company’s balance sheet also reflected increased operating pressure during the year. Distribution expenses rose during the period, while current liabilities increased from $23.7 million to $27.5 million. Cash reserves fell from $12.9 million in 2024 to $9.6 million at the end of the 2025 financial year.

Andi,Co said its operations remained exposed to fluctuations in foreign exchange markets, credit risk, liquidity pressures and interest rate movements. The company said it had entered into forward foreign exchange contracts and swaps to hedge exposure to movements in the euro and British pound, with a stronger Australian dollar expected to provide some benefit.

The directors of the company are Ms Angizeh Hassani, Ms Andisheh Hassani, Bryan Macpherson and Timothy Luce.

The company has not publicly commented on the reasons behind the sharp decline in profit and revenue. However, industry analysts said the result highlighted growing pressure across Australia’s premium appliance sector as luxury retailers and distributors contend with softer consumer demand and rising operating costs.