Briscoe Group Limited Analysis

Overview

The company's beginnings date from 1862 when the first Briscoes warehouse and store was opened in Dunedin, by William Briscoe & Son. Australian and NZ operations were purchased by Merbank Corporation of Australia in 1973, and following extensive rationalisation, by Hagemeyer in 1977. Following several years of losses, the business was acquired by CEO Rod Duke, in 1990. Stock exchange listing followed a public issue of 40m shares at $1 each in November 2001.

By 2008, Briscoe Group Limited's retailing interests totaled 57 Homeware Stores and 32 Sporting Goods Stores.

Performance

The following information was extracted from Briscoe Group Limited's full year results, released on 11 March 2026.

Highlights for the full year ended 25 January 2026:

• Record total sales $798.8 million, +0.93% on last year

• Both Homeware and Sporting Goods segments delivered positive growth, +1.42% and +0.13% respectively

• Gross profit margin 39.23%, -114 basis points (Margin decline for 2nd half of 76 basis points vs 154 basis points for 1st half)

• Online sales as mix of total Group sales 20.04%, (LY 19.69%)

• Total costs only 1.19% increase on last year

• Net profit after tax (NPAT) $59.2 million

• Total inventory $8.9 million below last year

• $50.4 million capital expenditure made during the period

The directors of Briscoe Group Limited announce a net profit after tax (NPAT) of $59.2 million for the year ending 25 January 2026, compared to $60.6 million reported for the previous year.

Group Chair Dame Rosanne Meo said, “Delivering record sales and a solid financial result reflects the strength and resilience of the Briscoe Group business. The Group has continued to execute well, maintaining strong inventory discipline and cost control while navigating a year that remained challenging for many households and retailers. Looking forward the Board acknowledges that recent global events are contributing to a more uncertain external outlook, which management continues to actively monitor.”

Directors have resolved to pay a final dividend of 10.0 cents per share (cps). The dividend is fully imputed and, when added to the interim dividend of 10.0cps, brings the total dividend for the year to 20.0 cps. The final dividend will be paid on 31 March 2026. The share register will close to determine entitlements to the dividend at 5pm on 20 March 2026. The Company’s dividend policy is to pay out at least 60% of NPAT when calculated on a full-year basis.