JB Hi-Fi sales are up 10% to $10.5 billion, for the year ending in June 2025, profits also rose 7.3% to $694 million after another year of strong growth, the result also include the latest E&S trading, gross margins fell following months of heavy discounting battles.

Earnings per share (EPS)2,3 was up 5.4% to 423.0 cps.

Total sales increased by 7.5% to $7.10 billion, with comparable sales up 7.2%, driven by continued customer demand, new product releases, and well-executed promotional activity. The key growth categories were Mobile Phones, Small Appliances, Computers and Games Hardware (particularly in Q4 with the launch of Nintendo Switch 2). Online sales increased by 16.4% to $1.19 billion or 16.8% of total sales.

Group CEO, Terry Smart said “It has been another strong year of sales and earnings, as we built on the momentum of the previous year. The company stayed focused on its core proposition of driving great value and delivering consistently high levels of customer service which continued to resonate with our customers.”

On an Underlying basis, and after taking into account the one-off $13.7 million expense in FY25 relating to the resolution of the ACCC proceedings against The Good Guys, EBIT was up 9.4% to $707.8 million, NPAT3 was up 8.5% to $476.1 million and EPS3 up 8.5% to 435.5 cps.

As a result the board declared a final dividend of 105 cents per share (cps) fully franked, up 2 cps or 1.9%, bringing the total ordinary dividend to 275 cps, up 14 cps or 5.4% and representing 65% of NPAT3; and a special dividend of 100 cps fully franked.

The Board have also reviewed the Group’s capital structure and today announce that, from FY26, it will increase the dividend payout ratio from 65% to a range of 70-80% of NPAT3.

Gross profit increased by 6.4% to $1.56 billion with gross margin down 21 bps to 22.0%, driven by sales mix and ongoing competitive activity.