Briscoe Group reports $60.6m net profit

Wed, 12 Mar 2025

Briscoe Group has reported a net profit after tax of $60.6 million for the year ended January 26, 2025.

This includes a one-off tax adjustment of $7.4m.

Total sales for the year were $791.5m, 99.94% of the previous year's record sales.

The company's gross profit margin was 40.37%.

Online sales accounted for 19.69% of total group sales, up from 18.72% in the prior year.

Briscoe Group's total costs increased by only 1.11% compared to the previous year, and its total inventory was $5.2m lower.

The company made $58.2m in capital expenditure during the period.

Directors have resolved to pay a final dividend of 10 cents per share.

Markets Market Close

The S&P/NZX 50 Index closed at 12,209.05, down 40.5 points or 0.33%.

Graham Skellern 6:10pm

Property

Retail investors took up 42% of the shares offered to them in the capital raise.

Gregor Thompson 10:45am

Markets Market Close

The S&P/NZX 50 Index closed at 12,249.55, down 161.42 points or 1.3%.

Graham Skellern 12 Mar 2025