In the year ended June 2025, the group revenue of Michael Hill International Limited amounted to around ***** million Australian dollars. This marked a decrease of approximately *** million Australian dollars from 2024 revenue figures.

In the year ended June 2025, the Australia segment of Michael Hill International Limited recorded a revenue of around *** million Australian dollars, making it the largest retail segment. The Michael Hill Group is a leading jewelry retailer, operating fine jewelry stores across Australia, New Zealand, and Canada, as well as retailing online.

Michael Hill International reported AUD283.49M in Sales Revenues for its fiscal semester ending in December of 2025. Data for Michael Hill International | MHJ - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last October in 2025.

The net income of Michael Hill International with headquarters in Australia amounted to **** thousand Australian dollars in 2024. The reported fiscal year ends on June 27.Compared to the earliest depicted value from 2020 this is a total decrease by approximately *** million Australian dollars. The trend from 2020 to 2024 shows, however, that this decrease did not happen continuously.

Michael Hill International reported AUD220.89M in Gross Profit on Sales for its fiscal semester ending in December of 2024. Data for Michael Hill International | MHJ - Gross Profit On Sales including historical, tables and charts were last updated by Trading Economics this last October in 2025.

In the year ended June 2024, the net profit before tax of Michael Hill International Limited dropped from a profit of 49.75 million in 2023 to a loss of 0.37 million Australian dollars. The Michael Hill Group is a leading jewelry retailer, operating fine jewelry stores across Australia, New Zealand, and Canada, as well as retailing online.

Michael Hill International reported AUD148.75M in Cost of Sales for its fiscal semester ending in December of 2025. Data for Michael Hill International | MHJ - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last October in 2025.

Michael Hill International reported AUD-14.76M in Net Income for its fiscal semester ending in December of 2025. Data for Michael Hill International | MHJ - Net Income including historical, tables and charts were last updated by Trading Economics this last September in 2025.

Michael Hill International reported AUD-3.6M in Operating Profit for its fiscal semester ending in December of 2025. Data for Michael Hill International | MHJ - Operating Profit including historical, tables and charts were last updated by Trading Economics this last October in 2025.

Michael Hill International reported AUD-1.11M in Pre-Tax Profit for its fiscal semester ending in June of 2024. Data for Michael Hill International | MHJ - Pre Tax Profit including historical, tables and charts were last updated by Trading Economics this last October in 2025.

In 2023, independent jewelry stores made up more than half of all jewelry stores in Australia, with over ***** independent jewelers across the country. Fine jewelry chain stores came in second, with around *** fine jewelry locations nationwide that same year. Independent jewelry landscape The Australian independent jewelry market is a dynamic and diverse ecosystem where traditional techniques blend with modern innovations. The independent jewelry landscape emphasizes individuality and personalization, supplying customers with exclusive pieces. New South Wales is home to the highest number of independent jewelry stores in Australia, followed by the state of Victoria. Approximately ** percent of Australia's independent stores belong to three major buying groups: Nationwide Jewellers, Showcase Jewellers, and the Independent Jewellers Collective (IJC). Opportunities in the sector to enhance a retailer's status include custom jewelry, online promotion, and improved in-store experiences. Despite the shrinking market, buying group membership remains steady, reaffirming the advantages of collective support in navigating economic uncertainty and evolving consumer demand. Leading jewelry chains Australia's jewelry market offers a diverse range of products, from delicate necklaces to rings adorned with sparkling jewels. Major players in the market, such as Michael Hill and Prouds the Jewellers, target various segments of consumers. In 2023, Prouds the Jewellers had the largest number of fine jewelry chain stores in the country. The large jewelry chains develop branded collections and engage in active advertising to increase their market share. For instance, Michael Hill International Limited's revenue increased by almost ** percent over the past ten years. Additionally, they invest heavily in e-commerce experiences to compete with independent jewelers and online retailers. This investment helps them to adapt to new circumstances and maintain dominance in Australia's jewelry industry.

Sydney-founded Lovisa’s dominance in Australia’s fashion jewelry market is evident. As of 2023, the brand owned around *** stores nationwide, far outpacing its closest fashion jewelry competitor, Collette, by over 100 locations. Moreover, this figure only refers to Lovisa’s local retail network, with the brand having an extensive reach outside the local region. Lovisa: Australia’s fashion jewelry diamond Lovisa’s rapid global expansion saw the company add approximately 100 jewelry stores to its network in the year ending June 2024, bringing its total to around *** stores across multiple continents. The company’s fast growth has been accompanied by strong financial performance, with Lovisa reporting revenue exceeding *** million Australian dollars that same year, continuing the upward trend. This trend has solidified Lovisa's position as a key player in the Australian retail landscape, with the company maintaining its place among the top retail firms listed on the Australian Securities Exchange (ASX). Australia’s fine jewelry retail landscape While Lovisa leads in the fashion jewelry segment, Australia’s fine jewelry market is dominated by different players. Prouds, Michael Hill, and Pandora topped the fine jewelry category by store numbers in 2023. New South Wales stands out as a key market, home to the highest number of jewelry stores countrywide, including nearly *** fine jewelry outlets. While fashion jewelry offers value for money, fine jewelry caters to Australian shoppers looking to make luxury purchases or those hoping to create unique, personalized pieces. Therefore, high- and middle-income earners tend to account for the majority of fine jewelry purchases due to the use of pricier materials such as precious metals and gemstones.

Prouds the Jewellers had the highest number of fine jewelry chain stores open in Australia in 2023, at over *** stores. Owned by the James Pascoe Group, which also operates fine jewelry chains Angus & Coote and Goldmark, Prouds was Australia's largest jewelry and watch retailer. Prouds led the market with over 100 stores more than Michael Hill, which ranked second, followed by Danish jewelry brand Pandora. Australia’s jewelry market Australia’s jewelry retail landscape is comprised of small independent jewelers and brand-only stores, as well as fine and fashion jewelry chains such as Prouds, Lovisa, and Michael Hill. Independent jewelry stores are the most prevalent, with over ***** independent stores operating across Australia’s states and territories at the end of 2023. New South Wales is at the heart of the country’s jewelry market, home to the largest number of jewelry stores, over *****. In 2023, almost *** fine jewelry stores were operating in New South Wales, with fine jewelry predominantly made from expensive materials, precious metals, and gemstones. The high presence of fine jewelry stores across the state can be attributed to its population size and high number of shopping centers. Shopping centers are attractive retail spaces for fine jewelers, offering better security for valuable products. Fine versus fashion jewelry The rivalry between fine and fashion jewelry stores in Australia has been occurring for some time; fine jewelry has been winning for the past decade, but one fashion jewelry brand has consistently given them a run for their money. Sydney-born chain Lovisa topped the fashion jewelry segment and maintained its place among the leading retail companies listed on the Australian Securities Exchange (ASX). With around *** stores worldwide, Lovisa generated a revenue of over *** million Australian dollars in 2024. While Lovisa is a success story, Australia’s fashion jewelry segment has been struggling to keep up, with many consumers maintaining a preference for fine jewelry from brands like Michael Hill, another key fine jewelry player alongside Prouds.