Briscoe Group Limited Analysis

Overview

The company's beginnings date from 1862 when the first Briscoes warehouse and store was opened in Dunedin, by William Briscoe & Son. Australian and NZ operations were purchased by Merbank Corporation of Australia in 1973, and following extensive rationalisation, by Hagemeyer in 1977. Following several years of losses, the business was acquired by CEO Rod Duke, in 1990. Stock exchange listing followed a public issue of 40m shares at $1 each in November 2001.

By 2008, Briscoe Group Limited's retailing interests totaled 57 Homeware Stores and 32 Sporting Goods Stores.

Performance

The following information was extracted from Briscoe Group Limited's half year results, released on 10 September 2025:

BRISCOE GROUP LIMITED

Results for announcement to the market

Reporting Period: Half-Year 27 January 2025 to 27 July 2025

Previous Reporting Period: Half-Year 29 January 2024 to 28 July 2024

Currency: New Zealand Dollars

Amount (000s); Percentage change

Total revenue

$371,269 -0.2%

Net profit

$29,305 -11.8%

Half Year Commentary

Briscoe Group Limited (NZX/ASX code: BGP)

Highlights for the 26-week period – 27 January 2025 to 27 July 2025:

• Sales of $371.27 million, 99.8% of last year

• Improved sales trend: Q2 growth +2.07% vs Q1 -2.58%

• Online sales as mix of total Group sales 19.36%, (LY 18.77%)

• Online sales growth +2.92% vs last year

• Total Inventory $105.98 million (LY 106.32 million)

• $14.85 million capital investment, including $10.37 million for the new distribution centre project

• New distribution project progressing on time and within budget

• NPAT $29.31 million

The directors of Briscoe Group Limited (NZX/ASX code: BGP) announce a net profit after tax (NPAT) of $29.31 million for the half-year ended 27 July 2025. The half-year results are unaudited.

Dame Rosanne Meo, Briscoe Group Chair said, “This half-year result represents another solid performance by the Group in an economy which remains highly challenging. Recent economic indicators – including elevated inflation and unemployment - underscore the ongoing cost-of-living pressures and subdued consumer sentiment, placing additional strain on discretionary spending with no consistent signs of economic recovery.”