Nick Scali reports Q1 FY27 statutory profit of $75.7M

• Nick Scali reported a 31.2% increase in full-year statutory net profit to $75.7 million.
• Total full-year dividends increased by 30% to 78 cents per share.
• Growth was supported by higher Australian and New Zealand revenue alongside reduced losses in the United Kingdom.

Furniture retailer Nick Scali (ASX:NCK) reported a 31.2% increase in full-year statutory profit to $75.7 million.

Total group revenue grew 4.3% to $516.7 million compared to $495.3 million recorded in the previous financial year.

Underlying net profit from Australia and New Zealand operations rose 10% to $80.5 million.

Underlying losses from operations in the United Kingdom narrowed to $4.8 million from $11.2 million in the prior year.

Anthony Scali, executive chair and CEO of the company, said, "FY26 was another strong year for Nick Scali, with group net profit after tax increasing 22% and group revenue growing 4% despite a subdued retail environment."

The company declared a final dividend of 39 cents per share, bringing the total dividend for FY26 to 78 cents per share.  The final dividend is payable on Oct. 22 to shareholders on record as of Oct. 1.

Following the announcement, the Nick Scali share price was unchanged at $17.23.

The business continues operating retail stores across Australasia under the Nick Scali Furniture and Plush-Think Sofas brands.

Management stated that store network conversions and brand expansion remain core components of the long-term corporate strategy.