HVN +11.5%: soared the most since 2009 after delivering a strong FY25 profit beat, hitting all-time highs on another positive day for the ASX retailers.
- Revenue of $4.47bn, +8.8% YoY, estimates of $4.24bn.
- NPAT of $518mn was up 47% YoY, and well above $449mn estimates.
- EPS of 41.5c was up from 28.2c YoY.
- Final dividend 14.5c, versus 12c YoY.
Rising property values helped boost Harvey Norman profit with total assets topping $8bn for the first time. This company is very well positioned for rising consumer demand with further interest rate cuts on the horizon.
MM is bullish towards HVN
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