Nick Scali Ltd (ASX:NCK)

Full Year 2026 Nick Scali Ltd Earnings Call Transcript

Aug 6, 2026 / 12:00 AM GMT

Release Date Price: A$17.11 (-0.70%)

Transcript

Key Points

Positve

Group NPAT up 22% to $75.7 million, with revenue up 4.3% to $516.7 million.
Gross margin improved significantly to 65.6%, up 210 basis points, driven by strong ANZ and UK performance.
UK operations showed strong momentum, with like-for-like sales up 19% in H2 and gross margin improving to 60.3% from 47.1%.
Strong balance sheet with cash of $106.6 million, net cash of $34.9 million, and conservative debt levels.
Continued store expansion with four new stores opened in FY26 and four more expected in FY27, supporting growth strategy.

Negative

Challenging macro environment in ANZ, with written orders down 3.6% in H2 and flat in the first five weeks of FY27.
UK net loss after tax of $4.8 million, though H2 showed a statutory profit of $800,000.
Operating expenses increased by $5 million in FY26, mainly due to employment, bonuses, and advertising costs.
UK written orders growth of 35% in first five weeks is inflated due to store closures and refurbishments in the prior year.
Management notes a tough furniture market with declining house prices, high interest rates, and reduced consumer confidence.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NCK.AX - Nick Scali Limited
Full Year 2026 Nick Scali Ltd Earnings Call
Aug 07, 2026 / 12:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Nick Scali Limited FY26 results.

All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session.

If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad.

I would now like to hand the conference over to Mr. Anthony Scali, Managing Director. Please go ahead.

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Unidentified_2 [2]
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Good morning, everyone. Welcome to the Nick Scali results presentation.

The FY26

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