Briscoe Group (BGP) H1 2025 earnings summary

Executive summary

• Revenue for the 26-week period ended 27 July 2025 was $371.3m, nearly flat compared to $372.1m in the prior year period.

• Net profit attributable to shareholders declined to $29.3m from $33.2m year-over-year.

• Q2 sales rebounded with 2.07% growth after a Q1 decline of 2.58%.

• Online sales grew 2.92% year-over-year, now comprising 19.36% of total sales.

• Interim dividend of 10.00 cents per share declared, with a policy to pay out at least 60% of NPAT annually.

Financial highlights

• Gross profit decreased to $153.8m from $159.9m year-over-year, with margin down from 43.0% to 41.4%.

• EBIT fell to $46.9m from $60.5m in the prior year period.

• Net cash inflow from operating activities was $24.6m, down from $38.0m in the prior year.

• Cash and cash equivalents at period end were $119.8m, down from $131.8m year-over-year.

• Inventory closed at $105.98m, slightly down from $106.32m last year.

Outlook and guidance

• Full-year NPAT is expected to be closer to $60m, reflecting ongoing economic headwinds.

• Directors resolved to pay an interim dividend of 10.00 cents per share for the 52-week period ending 25 January 2026.

• Performance rights were issued to key executives, subject to growth hurdles over a three-year period.