Breville Group (BRG) investor relations material

Executive summary

• Achieved record sales exceeding $1.81bn (AUD 1.8bn), with global constant currency revenue growth of 9.7% and strong cash flow, despite operational complexity and tariff volatility.

• Coffee and Cooking categories delivered double-digit revenue growth, while young direct markets (China, Korea, Mexico, Middle East) grew over 70%.

• Manufacturing diversification is substantially complete, with 85% of 120V gross profit sourced outside China, strengthening gross margins in the second half.

• Strategic investments continued in product development, marketing, technology, and AI transformation, accelerating product development and customer experience.

• The Americas, EMEA, and APAC all posted strong constant currency growth, with notable expansion in Best Buy store-in-store installations and new market entries.

Financial highlights

• Revenue reached $1,810.9m (up 6.7% year-over-year); gross profit was $651.4m (up 5.0%).

• Gross margin was 36.0% for the year (36.8% in H2), slightly down from 36.6% prior year, but improved in the second half due to sourcing mix.

• EBIT reached $207.0m (up 1.2%), and NPAT was $138.1m (up 1.7%).

• Net cash position improved to $104.4m at year-end, reflecting strong underlying cash flow.

• Dividend per share rose to 38.0 cents, fully franked, and basic EPS increased to 95.5 cents.

Outlook and guidance

• Entering FY 2027 with momentum, a healthy balance sheet, and readiness to invest in growth assets and inventory to mitigate uncertainty.

• Guidance for FY 2027 will be provided with first half results; company expects to benefit from manufacturing localization and efficiency tailwinds, though external risks remain.

• Demand outlook remains resilient for premium consumer segment, but risks include oil-based supply chain disruption, cost inflation, and ongoing US tariff uncertainty.

• Capex investment and elevated inventory levels expected to continue.