Briscoe Group (BGP) AGM 2026 summary

Opening remarks and agenda

• Welcomed shareholders in person and online at the Annual General Meeting on 7 May 2026, confirming quorum and outlining the agenda, including board and executive introductions, financial and management reviews, and voting procedures.

Financial performance review

• Achieved record group sales of NZD 798.8 million for 2025/26, up 0.93% year-on-year, with homeware up 1.4% and sporting goods up 0.06%.

• Net profit after tax was NZD 59.2 million, slightly down from NZD 60.6 million, reflecting resilience amid challenging conditions.

• Gross margin declined to 39.2%, down 114 basis points, with 1st half at 42.97% and 2nd half at 38.07%, but margin pressure eased in the second half.

• Cash and bank balances at year-end were NZD 130.3 million, with no drawn term debt; inventory reduced by NZD 9 million to NZD 90.8 million, supporting margin and cash flow.

• Sales growth varied by quarter, with Q4 showing a 4.58% increase.

Dividend announcements

• Declared a fully imputed interim dividend of NZD 0.10 per share and a final dividend of NZD 0.10 per share, totaling NZD 0.20 per share, consistent with the prior year.