Australian furniture retailer Nick Scali posted a 7.2% increase in group sales for the half-year ending 31 December 2025, reaching $269.3 million, with profit after tax up 23.1% to $41 million.
© Nick Scali
In the UK, sales fell 38.5% to $17.6 million due to extended store closures for refurbishment and rebranding. Despite the decline in revenue, the UK gross margin improved significantly to 59.2% from 45.1%, while the net loss after tax widened to $5.6 million. Written sales orders in the UK increased 12.8% year-on-year to $21.7 million, reflecting early signs of recovery as refurbishments were completed. January 2026 saw a 32% like-for-like sales growth in the four operating UK stores compared to January 2025.
Anthony Scali, Executive Chair and CEO, highlighted strong performance in ANZ, where sales grew 13% and contributed to an overall 36% rise in statutory net profit for the group. The company is actively expanding its store network, planning six new openings in ANZ and negotiating several locations in the UK.
In the UK, the Lincoln store was closed, while 16 outlets were converted to a mixed branding and product range. Nick Scali aims to grow its UK network to 60–70 stores, targeting a break-even revenue of GBP 51 million and increased marketing aligned with store performance.
The results underscore the company's balanced approach: maintaining growth in its core ANZ markets while strategically rebuilding and expanding its UK presence after the rebranding and refurbishment program.
Source: www.bigfurnituregroup.com
