Briscoe Group reports solid half-year sales despite challenging retail climate

Briscoe Group Limited reported sales revenue of $371.27 million for the 26-week period ended July 27, 2025, maintaining near-record levels compared to $372.08 million in the prior half-year. Net profit after tax (NPAT) was $29.31 million, a decrease from $33.21 million in the previous year, influenced by a decline in gross margin from 42.97% to 41.43% and increased operating costs. The company announced an interim dividend of 10.0 cents per share, reflecting a 76% payout ratio.

The Group's balance sheet remains strong, with cash balances of $119.83 million. Capital investment for the half-year totaled $14.85 million, with $10.37 million allocated to the new North Island distribution centre, which remains on schedule for practical completion in April 2026. This investment is part of a broader strategic program focusing on supply chain, digital, and customer experience enhancements.

Key initiatives included the successful replatforming of eCommerce operations to Adobe Commerce and Marketplacer, significant progress on Rebel Sport's new flagship store in Mt Wellington, and the expansion of the Ethical Supply Chain Programme. Inventory levels were tightly managed at $105.98 million, slightly below the $106.32 million reported last year, ensuring alignment with seasonal demand.