Harris Technology sales slump, but profit up

Darshana Gupta

29th Aug 2025

Harris Technology, the pureplay online computer retailer, has reported a 17 per cent decline in revenue to $13.8 million for this financial year, but has seen improved profits following the expansion of its refurbished technology division.

The company’s gross profit was $5 million, up 2 per cent year-on-year, with its gross margin increasing from 29 per cent to $35.8 million.

The improved gross profit and gross margin were driven by the expansion of its refurbished technology division, reflecting strong consumer demand for affordable and sustainable technology.

Launched 18 months ago, the division’s quarterly sales exceeded $1 million for both the third and fourth quarters of the year by focusing on high-margin inventory, leveraging marketplace seller ratings and authorised reseller status, and by becoming the number one refurbished IT seller on Amazon Australia.

Moving forward, Harris Technology says it will optimise its costs through increased direct sales via its Harris Technology-owned channels, selective marketplace listings for refurbished products, and continuing reduction in low-turnover household and manufacturing-to-consumer inventory.

“We are pleased with the rapid growth of our refurbished tech business, which has helped us navigate challenging retail conditions,” said CEO Garrison Huang.

“While profitability remains a near-term goal, the division is still in its early stages and offers substantial upside.

“With a streamlined portfolio, strong category momentum, and renewed financial strength, Harris Technology is well-positioned for sustainable growth and profitability in FY26.”