Harris Technology’s refurbished tech division cracks $1 million monthly sales
Harris Technology Group (ASX: HT8) has reported that its Refurbished Technology division exceeded $1.0 million in monthly sales for the first time during July 2026.
The milestone caps more than two years of strategic investment in the higher-margin category since the Company entered the market in December 2023. Refurbished technology has now become Harris Technology’s largest revenue contributor and primary earnings driver, marking a structural shift in the pure-play online retailer’s business mix.
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A milestone two years in the making
The standout figure is the pace of growth. Monthly sales from the Refurbished Technology division rose from approximately $530,000 in July 2025 to more than $1.0 million in July 2026, representing 89.4% year-on-year growth.
| Metric | July 2025 | July 2026 | Change |
|---|---|---|---|
| Monthly refurbished tech sales | ~$530,000 | >$1.0M | +89.4% |
This reflects organic operational growth rather than a one-off event, built on the back of an expanding refurbishment capability, supplier network and product range since market entry.
For investors, the category matters because of its economics. According to the Company, refurbished technology consistently delivers stronger margins and returns than traditional new IT hardware, which is why it has moved to the centre of the earnings picture.
Why refurbished technology matters for investors
The commercial appeal is twofold. Margins on refurbished stock can exceed those on new hardware, while a growing base of value-conscious consumers seeks premium technology at lower price points.
Harris Technology believes the Australian refurbished technology market remains in the early stages of development, which points to potential runway for expansion.
What makes refurbished attractive:
- Higher margins than new IT hardware
- Growing consumer demand for premium tech at value pricing
- Early-stage market with expansion headroom
- Backed by a 30+ year trusted retail brand
CEO commentary
Garrison Huang, CEO, Harris Technology
“Surpassing $1 million in monthly Refurbished Technology sales validates the strategy we commenced in late 2023.
“Australian consumers continue to seek premium tech products that deliver exceptional value, and we believe demand for professionally refurbished devices will continue to grow.
“This milestone is not our destination – it’s another step towards building Australia’s leading online retailer of refurbished technology products.”
The investment case: a brand-backed play on a growing category
The milestone connects to a broader thesis anchored in brand and distribution. The Harris Technology brand carries a 30+ year history in the Australian IT/CE retail market, having previously operated under Officeworks within Wesfarmers and, earlier, the Coles Myer Group.
The Company now runs a pure-play online model with no physical shopfronts. Sales are conducted through its own website and across major online platforms including Amazon, eBay, Kogan, JB Hi-Fi, Bunnings and Myer, among others.
Since December 2023, the business has built out its refurbishment capability, supplier network and product range. The fact that refurbished technology is now both the largest revenue category and the primary earnings driver signals a meaningful change in the composition of the business, with multi-channel distribution providing a broad path to market.
What comes next for Harris Technology
Looking ahead, the Company plans to expand its refurbishment capability and product offering, and expects continued growth as the Australian refurbished technology market develops.
Management has also outlined a focus on consistently delivering quality refurbished products, aiming to strengthen consumer trust and reinforce the brand’s standing as demand grows.
No specific financial guidance, targets or dated milestones were disclosed alongside the update.
Investors seeking further updates can join the HT8 investor mailing list for Company news, industry research and investor discounts by subscribing at ht8.com.au/subscribe.
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