Highlights

  • BGP reported H1 FY2026 sales of NZD 371.3 million, slightly below last year.
  • EBITDA margin improved to 17.5% in H1 FY2026 from 14.8% in H2 FY2025.
  • Debt-to-equity ratio rose to 0.93x, above the industry median of 0.22x.

Briscoe Group Limited (NZX:BGP) is a New Zealand-based holding company that operates through two key segments: homeware and sporting goods.

Financial Update

In the first half of the financial year 2026 (H1 FY2026), BGP has reported sales revenue of NZD 371.3 million2, compared with NZD 372.1 million in H1 FY2025, reflecting a marginal decrease of 0.22%. The company stated that sales remained close to record levels while it continued to implement several strategic initiatives to support future growth and maintain profitability. Gross profit for the period was NZD 153.8 million, down 3.79% from NZD 159.9 million in the prior corresponding period. The decrease was mainly attributed to additional costs incurred from ongoing projects, including electronic shelf-labelling, merchandise planning system upgrades, and the rollout of a new online platform.

Key positives and Negatives

In H1 FY2026, Briscoe Group recorded an improvement in profitability metrics, with the EBITDA margin rising to 17.5% from 14.8% in H2 FY2025 and the operating margin increasing to 12.6% from 10.5% over the same period. However, the company’s debt-to-equity ratio increased to 0.93x compared with the industry median of 0.22x, and the cash conversion cycle extended to 89 days from 74.8 days in H2 FY2025.

Business Outlook

The company noted that the broader economic environment remains uncertain. However, it expects continued stability supported by its operations and the progress achieved on key strategic initiatives. The company’s focus remains on maintaining steady near-term performance while further developing its platform to enable future growth.

Share Performance

BGP shares were trading at AUD 5.230 per share on 28 October 2025 with intraday gain of 0.38%%. BGP’ stock down by 13.55% over the past three months, however stock up by 22.19% over the past six months, and 5.65% over the past year. BGP’s 52 weeks high is NZD 6.23, recorded on18 June 2025 and 52 weeks low is NZD 4.02, recorded on 09 April 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 28 October 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.