Shares in JB Hi-Fi Ltd (ASX: JBH) are moving higher on Monday after the electronics retailer released its half-year results.
In early morning trade, the JB Hi-Fi share price is up 5.45% to $80.86.
The bounce follows a difficult start to the year for the company. JB Hi-Fi shares are still down roughly 15% in 2026, and were trading above $100 only a few months ago.
Today’s early rally indicates the market is responding positively to the latest set of numbers.
Here’s what stood out in the result.
Sales and profit increase
For the six months to 31 December 2025, JB Hi-Fi reported total sales of $6.1 billion, up 7.3% on the prior corresponding period.
Earnings before interest and tax (EBIT) rose 8.1% to $454 million, while net profit after tax (NPAT) increased 7.1% to $305.8 million. Earnings per share (EPS) came in at 279.7 cents, up 7.1%.
Margins also edged higher across the group’s key divisions. Group EBIT margin increased 6 basis points to 7.46%.
Performance across the group
JB Hi-Fi Australia recorded sales growth of 6.3% to $4.12 billion, with comparable sales up 5%. EBIT increased 7.7% to $340.9 million, and EBIT margin improved to 8.27%.
JB Hi-Fi New Zealand reported sales growth of 32.6% to NZ$268.6 million, with EBIT more than doubling to NZ$4.5 million.
At The Good Guys, sales rose 4.1% to $1.58 billion, while EBIT increased 8% to $107.4 million.
The e&s business delivered statutory sales growth of 56.8% to $144.8 million, reflecting a full 6-month contribution compared to 4 months in the prior period.
Interim dividend increased
The board declared a fully-franked interim dividend of 210 cents per share, up 23.5% on the prior corresponding period.
The dividend represents 75% of NPAT. The shares will trade ex-dividend on 26 February 2026, with payment scheduled for 13 March 2026.
January trading update
JB Hi-Fi also provided a January trading update.
JB Hi-Fi Australia recorded total sales growth of 4% for the month, while JB Hi-Fi New Zealand grew 26.4%. The Good Guys reported sales growth of 2.7%. On the other hand, e&s sales declined 4.6%.
Despite showing relatively consistent growth, management said it remains cautious given the ongoing uncertainty in the retail market.
Foolish takeaway
JB Hi-Fi shares were under pressure this year before today’s result.
The half-year numbers showed steady sales growth, higher profit, modest margin improvement, net cash of $489.5 million and a higher dividend.
While the share price has moved higher in early trade following the update, whether that strength will continue depends on trading conditions for the remainder of FY26.
The post JB Hi-Fi shares jump 5% on results day. Is this the turnaround investors were waiting for? appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.