2025 Half-year results briefing presentation
| Stock | Wesfarmers Ltd (WES.ASX) |
|---|---|
| Release Time | 20 Feb 2025, 8:13 a.m. |
| Price Sensitive | Yes |
Wesfarmers reports 2025 half-year results
- Strong execution across the Group's businesses
- Invested in greater value, service and convenience for customers
- Delivered productivity initiatives that drove growth and efficiency
Wesfarmers reported a strong performance for the 2025 half-year, with revenue up 3.6% to $23.5 billion and NPAT up 2.9% to $1.5 billion. The Group's primary objective is to deliver long-term shareholder returns, and it has achieved this through anticipating customer needs, looking after its team, engaging fairly with suppliers, supporting communities, and acting with integrity. Divisional highlights include Bunnings' resilient performance, Kmart Group's strong value credentials, WesCEF's progress on the lithium project, Officeworks' growth in technology, and Wesfarmers Health's performance in the Consumer segment. The Group has also undertaken portfolio actions to focus on shareholder returns, including the sale of Coregas and LPG/LNG businesses. Wesfarmers remains focused on long-term value creation, investing to strengthen its businesses and advance growth projects, while maintaining a strong balance sheet and disciplined capital allocation.
Wesfarmers expects net capital expenditure of $1,100 million to $1,300 million for FY25, subject to net property investment and timing of project expenditures. The performance of the Group's industrial businesses remains subject to international commodity prices, foreign exchange rates, competitive factors and seasonal outcomes.
Wesfarmers is well positioned to deliver long-term shareholder returns, supported by logical incremental investments, attractive long-term growth opportunities, and a portfolio of high-quality businesses. The Group's retail divisions are expected to benefit from their strong value credentials and expanding addressable markets, while managing domestic cost pressures through productivity initiatives and appropriate hedging positions. Wesfarmers remains focused on long-term value creation and continues to invest to strengthen its existing divisions and develop platforms for growth.