JB Hi-Fi (JBH) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional custodians and a welcome to both in-person and online attendees.

• Quorum confirmed with 73% of votes already cast; agenda included procedural matters, CEO and Chair addresses, director elections, remuneration, and Q&A.

• Emphasized the importance of motivated, passionate, and knowledgeable staff in driving success.

• Outlined the group’s purpose to help people live, learn, work, and play better through leading retail brands.

• Voting conducted by poll, with Computershare as independent Returning Officer; results to be released to the ASX.

Financial performance review

• FY 2025 sales reached $10.6 billion, EBIT $694.1 million, and NPAT $462.4 million; underlying EBIT up 9.4% and NPAT up 8.5% after adjusting for a one-off expense.

• Earnings per share rose to 423.0cps, with underlying EPS up 8.5% to 435.5cps.

• Ordinary dividend per share up 5.4% to $2.75, representing 65% of NPAT; special dividend of $0.10 per share paid.

• Balance sheet remains strong with net cash of $284.1 million at 30 June 2025.

• Share price CAGR since 2003 listing is 21.1%, outperforming the ASX 200’s 4.7% over the same period.

Board and executive committee updates

• Terry Smart retired as Group CEO in October 2025, succeeded by Nick Wells.

• Beth Laughton retired from the Board; Geoff Roberts appointed Chair of Audit and Risk Management Committee.

• Sheila Lines joined as Non-Executive Director and member of Audit and Risk Management Committee.

• Leadership highlighted the group’s scale, diversification, and multichannel capabilities as key competitive advantages.