Following a successful FY25 which saw a boost in gross profit after launching its refurbished technology division, Harris Technology (ASX: HT8) has started FY26 with strong momentum, propelled by the addition of Apple products to its refurbished portfolio.

For the quarter ending 30 September 2025, the online retailer reported $3.8 million in sales – a 20% increase from the previous quarter. The growth was driven primarily by increased sales and supply of refurbished products. Notably, this quarter marked the third consecutive quarter that refurbished technology sales topped $1 million, solidifying this segment as the company’s key growth engine. Sales in July and September alone surpassed $500,000 each month, reflecting the continued demand.

Refurbished Tech Gains Ground in Australia

Amidst persistent inflation and rising living costs, Australian consumers are increasingly turning to refurbished devices as affordable, sustainable alternatives to new technology. These products, restored to near-new condition from returns, excess stock, or items with minor cosmetic flaws, are sold at substantially reduced prices.

Apple products, which remain highly sought-after in the refurbished market, have become a new focal point for Harris Technology. After overcoming inventory challenges, the company’s increased buying power has enabled greater access to Apple stock, contributing to its rapid growth as one of Australia’s largest refurbished tech sellers.

CEO Garrison Huang described the company’s pivot to refurbished tech as timely and aligned with shifting market trends.

“Refurbished tech product sales have been the fastest growing segment across the company and show no signs of slowing down. It’s been pleasing to strengthen supplier relationships while leveraging our buying power to secure more supply, including a broader range of Apple products,” Huang said.

Strong Financial Position and Operational Efficiency

As of 30 September 2025, Harris Technology held $1.8 million in cash and had $6.1 million undrawn from its finance facilities, ensuring ample liquidity to capitalize on bulk purchasing opportunities for expanded refurbishment and resale. Inventory levels stood at $2.8 million, even after $3.3 million in purchases during the quarter, highlighting strong stock turnover and robust market demand.