Beacon Lighting Group (BLX) H2 2025 earnings summary

Executive summary

• Achieved record sales of $329 million for FY2025, up 3.7% year-over-year, with strong growth in both trade and online channels.

• Trade sales now represent 40% of total sales, with a 24% increase in store trade sales and a group total exceeding $125 million.

• Fourth quarter saw the strongest comparative sales, with momentum continuing into FY2026.

• Store network expanded to 127 company-owned stores and two franchises, with several new stores, relocations, and expansions.

• 558 new products were introduced, supporting innovation and margin.

Financial highlights

• Gross profit margin improved to 69.1%, up 20bps year-over-year.

• EBITDA grew by 2.5% to $87.1 million; net profit after tax was $29.4 million, with an NPAT margin of 8.9%.

• Operating expenses rose 5.3% to $143 million, or 43.5% of sales.

• Cash and equivalents increased to $55.2 million, including a $10 million term deposit.

• Dividend of $0.08 per share declared, fully franked, with $12.8 million paid and a reinvestment plan in place.

Outlook and guidance

• Positive sales momentum from Q4 FY2025 has continued into FY2026.

• Targeting four new stores and two relocations per year as part of the 2030 strategy, with continued focus on trade partnerships and store network expansion.

• Gross profit margins expected to remain stable, with minor movement anticipated.

• Operating cost growth expected to be similar to FY2025, with ongoing focus on cost management.

• Continued investment in marketing and pursuit of international sales opportunities and innovative products.