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The latest announcement is out from Nick Scali Limited ( (AU:NCK) ).
Nick Scali Limited reported a strong financial performance for the fiscal year 2025, achieving an underlying profit of $62 million. The company successfully completed an equity raise to fund its UK acquisition, resulting in net proceeds of $58.6 million. The appointment of Niran Peiris to the Board and the transition of Anthony Scali to Executive Chair are expected to guide the company’s next growth phase. In ANZ, sales orders increased by 3%, though revenue slightly declined by 1.4% due to rising shipping costs and other expenses. The UK operations, impacted by store refurbishments and rebranding, generated $41.8 million in revenue.
The most recent analyst rating on (AU:NCK) stock is a Buy with a A$24.40 price target. To see the full list of analyst forecasts on Nick Scali Limited stock, see the AU:NCK Stock Forecast page.
More about Nick Scali Limited
Nick Scali Limited operates in the furniture retail industry, focusing on offering a range of home furnishing products. The company has a significant market presence in Australia and New Zealand and is expanding its operations into the United Kingdom.
Average Trading Volume: 358,469
Technical Sentiment Signal: Buy
Current Market Cap: A$1.91B
For an in-depth examination of NCK stock, go to TipRanks’ Overview page.