Briscoe Group (BGP) Q2 2025 TU earnings summary

Executive summary

• Second quarter group sales rose 2.07% year-over-year to $192.9 million, reversing a first quarter decline.

• First half group sales reached $371.3 million, nearly matching last year at 99.8%.

• Net profit after tax for the first half is expected to be at least $29 million.

Financial highlights

• Second quarter online sales accounted for 19.97% of group sales, up from 19.83% last year.

• First half online sales share increased to 19.36%, with 2.92% sales growth in the channel.

• Group inventory value is below last year’s level.

• Interest income for the half-year will be about $2.0 million lower than last year due to lower rates and cash balances.

Outlook and guidance

• Second half profitability is expected to exceed the first half, returning to a more normalized annual profit pattern.

• Management remains hopeful for gradual economic recovery through the year.

• Half-year results and interim dividend declaration are scheduled for 10 September 2025.