Nick Scali boosts first-half revenue and profit forecast

Nick Scali Limited (NCK) has revised its first-half FY26 trading update, anticipating stronger financial performance. The company now expects first-half revenue for Australia and New Zealand to increase by 10% to 12% year-over-year, surpassing earlier guidance of 7% to 9%. This revenue growth is projected to drive statutory net profit after tax for the group to a range of $37m - $39m, up from previous guidance of $33m - $35m.

The updated guidance coincides with a Notice of Change of Interests of Substantial Holder filed by Pinnacle Investment Management Group Limited. Pinnacle, along with its subsidiaries, reported a change in its substantial holding in Nick Scali Limited, with their voting power decreasing from 6.03% to 5.02%.

Pinnacle’s detailed changes in relevant interests include numerous purchases and sales of Ordinary Fully Paid shares between August 14, 2025, and December 18, 2025. The current relevant interests are held through BNP Paribas, Citicorp Nominees Pty Ltd, HSBC, Northern Trust, and State Street - AUS.