Australia · Delayed Price · Currency is AUD Metcash Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 3.8% to AUD 19.6 billion (ex-tobacco), with strong cash flow and resilient earnings. Food and liquor provided stability, hardware faced cyclical margin pressure, and investments in technology and retail media are driving future growth.
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FY 2026 net profit after tax is expected at AUD 268–270 million, with strong cash flow and disciplined CapEx. Food and Liquor segments performed well, while Hardware faced margin pressure in Victoria. Ongoing cost out programs target AUD 25 million in annualized savings.
Fiscal Year 2025
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The meeting highlighted strong revenue and profit growth, board renewal, and strategic mergers in food and hardware. ESG progress, a shift to 100% renewables, and robust cash flow were noted. All director elections and resolutions passed with strong shareholder support.
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Strong profit and revenue growth were achieved across all pillars, with Food and Liquor accelerating and Hardware showing early signs of recovery. Strategic acquisitions, disciplined capital management, and operational improvements underpin confidence in future growth despite ongoing market challenges.
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Sales grew 6.3% year-over-year with flat earnings, driven by strong liquor and food performance and the Superior Foods acquisition. Hardware remains challenged by weak trade activity, but cost management and synergy programs are underway. Group sales accelerated to 8% early in the second half.