JB Hi-Fi (JBH) AGM 2026 summary

Opening remarks and agenda

• Quorum confirmed at a hybrid meeting, with shareholders able to ask questions and vote in person or online.

• Agenda covered FY26 reports, director elections, remuneration, restricted shares, questions and voting; all resolutions were put to a poll.

• Computershare served as independent returning officer; voting results were to be released to the ASX after the meeting.

Financial performance review

• FY26 sales reached a record AUD 11.06bn (+4.8%); EBIT was AUD 734.4m (+5.8%), NPAT AUD 489.9m (+6.0%) and EPS 448.1 cents (+5.9%).

• Excluding the FY25 ACCC resolution expense, sales growth was 3.8%; EBIT, NPAT and EPS growth was 3.8%, 2.9% and 2.9%, respectively.

• Closing net cash was AUD 206.5m at 30 June 2026; the balance sheet was described as strong, with low financial and operating leverage.

• Q1 FY27 sales: JB Hi-Fi Australia -0.4% total/-1.4% comparable; NZ +17.3%/+10.7%; The Good Guys -0.1%/-0.4%; E&S -3.7%/-4.5%. October sales slowed ahead of Black Friday and Christmas.

• Share-price CAGR since listing was 17.7% to 27 October 2026 versus 4.4% for the ASX 200; five-year CAGRs were 9% and 3.5%, respectively.

Dividend announcements

• FY26 ordinary dividends totaled 337 cents per share, up 22.5% year on year and equal to 75% of NPAT.

• Over five years, fully franked ordinary dividend per-share CAGR was 3.3%; an additional AUD 196.8m was returned through special dividends.