AVI (AVI) H1 2026 TU earnings summary

Executive summary

• Group revenue grew 4.9% year-over-year for the six months ended 31 December 2025, driven by volume growth in several categories and higher selling prices to offset inflationary pressures.

• The trading environment remained challenging, with intense retail competition and category-specific headwinds.

Financial highlights

• Consolidated gross profit margin improved over the prior year, supported by profitability in I & J and margin management.

• Operating profit margin and operating profit increased due to improved gross profit and tightly managed costs.

• Headline earnings per share expected to rise 10.5%–12.5% year-over-year, reaching 450.3–458.4 cents per share.

• Earnings per share, including capital gains and losses, expected to increase 9.5%–11.5% year-over-year, to 450.4–458.6 cents per share.

Outlook and guidance

• Full results for the six months ended 31 December 2025 are expected to be released on or about 9 March 2026.