It’s quarterlies season again as the ASX market announcements page becomes increasingly flooded with earnings lodgements.

To save you the trouble of trudging through it all, we’ve wrapped up the highlights from some of the reports that caught our eye.

 

JB Hi-Fi (ASX:JBH)

Highlights for H1FY23:

  • Sales rose by 8.6% on pcp to $5.278 billion
  • Record net profit after tax (NPAT) climbed 14.6% to $329.9 million

JB Hi-Fi shares jumped 3% this morning after a robust first half earnings report.

Sales growth was strong throughout the half, with total sales up 8.6% to $5.3 billion.

This was driven by elevated customer demand for consumer electronics and home appliances, and well-executed Black Friday and Boxing Day promotional periods.

Online sales were $752.1 million, representing 14.2% of total sales.

Sales in JB Hi-Fi Australia rose 5.6% while sales in New Zealand were 9.8% higher compared to pcp. The Good Guys brand recorded a 3.3% increase on pcp.

Total bottom line NPAT was a record $329.9 million.

“We are pleased to report record sales and earnings for HY23 as trading conditions started to normalise following two years of Covid related disruptions,” said CEO, Terry Smart.

“As always, a key part of our continued success is our over 13,000 team members and their passion and dedication to looking after our customers’ needs.”

 

HUB24 (ASX:HUB)

Highlights for H1FY23:

  • Platform net inflows of $2.8 billion, down 23.6% on pcp
  • Total Funds Under Administration (FUA) was $73 billion as at 31 December

In the context of current market dynamics and macroeconomic events, HUB says its business has achieved a strong 1H FY23 with $5.8 billion of net inflows as at 31 December (down 13.6% on pcp).

Average monthly net inflows for FY23 to date were $960 million, broadly in line with FY22.

Following the planned discontinuation of the ‘Xplore Super Admin’ business ($1.4 billion total FUA), there was a $1 billion outflow via Successor Fund Transfers (SFTs) with $0.4 million migrated to the HUB24 platform.

During the half, HUB24 collaborated with Morningstar and the Responsible Investment Association Australasia to deliver new ESG ratings functionality on its platform.

The enhanced ESG functionality is expected to provide advisers with access to data-driven insights and metrics for selected managed funds and more than 350 Australian listed securities.

 

McPherson’s (ASX:MCP)

Highlights for H1FY23:

  • 1H23 sales revenue to be approximately $112m (vs 1H22 of $108.8m)
  • Underlying profit before tax (PBT) to be approximately $5m (vs 1H22 of $6.7m)

McPherson’s anticipates 1H23 sales revenue to be approximately $112m (1H22: $108.8m), and underlying profit before tax (PBT) to be approximately $5m (1H22: $6.7m).

The decline in first half PBT was largely due to a reduction in sales and margin of the Multix brand in the grocery channel, and an increase in marketing investment to support the growth in sales of key pharmacy channel brands Fusion, Manicare and Lady Jayne.

More details will be provided when the company reports its 1H23 financial result, which is expected to be on 28 February.

 

Data3 (ASX:DTL)

Highlights for H1FY23:

  • Net profit before tax for H1FY23 is expected to be near the top end of guidance
  • A gradual improvement in supply chain backlog

In a short release, IT services and solutions provider Data3 says its consolidated net profit before tax for H1 FY23 is expected to be near the top end of the $21 million to $25 million guidance range provided at the AGM last October.

As outlined at the AGM, the company expected its order backlog, related to the timing of product deliveries and ongoing supply chain constraints, at the end of the first half would be similar to the backlog at the start of FY23.

Data3 has experienced a gradual improvement in the supply chain, however the overall backlog has not changed materially due to an increased volume of business.

The board intends to announce the detailed audited first half results and interim dividend on 16 February.

 

Flexiroam (ASX:FRX)

Quarterly highlights to December 31st:

  • Total revenue increased 21% to $2.51m compared to the previous quarter
  • Gross profit jumped 166% to $1.25m compared to the previous quarter

The IT network company reported that total revenue increased 21% to $2.51m compared to the previous quarter, and up 127% on the pcp, driven by strong growth across its Travel category.

Gross profit jumped 166% to $1.25m compared to the previous quarter, and up 313% on the pcp, driven by reductions in data costs.

Data cost per GB has fallen by 15% in December 2022 from September 2022, and 36% from December 2021.

Cash burn from operating activities was $488k, a reduction of $276k compared to the same period last year.

Flexiroam reported cash balance of $2.48m as at 31 December.

“With data costs continuing to reduce and a growing pipeline of potential partnerships at greatly improved economics, we are extremely well placed to continue our path to being cash flow positive in FY24,” said CEO, Marc Bennett.

 

Share prices today:

 

 

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