2025 Half Year Results Release
| Stock | Coles Group Ltd (COL.ASX) |
|---|---|
| Release Time | 27 Feb 2025, 8:28 a.m. |
| Price Sensitive | Yes |
Coles Group Ltd reports 2025 Half Year Results
- Group sales revenue up 3.7% to $23.035 billion
- Underlying EBIT up 8.9% to $1.209 billion
- Interim dividend of 37 cents per share, fully franked
- Announced $880 million investment in new automated distribution centre in Victoria
Coles Group Limited has reported its 2025 half year results, with group sales revenue increasing by 3.7% to $23.035 billion. This was driven by a 4.3% increase in Supermarkets sales revenue to $20.629 billion, and a 0.8% increase in Liquor sales revenue to $2.004 billion. The Other segment, which includes the Product Supply Arrangement with Viva Energy, declined by 10.7% to $402 million. Group EBITDA from continuing operations, excluding significant items, increased by 12.5% to $2.137 billion, while Group EBIT from continuing operations, excluding significant items, increased by 8.9% to $1.209 billion. This was underpinned by strong growth in Supermarkets earnings, with underlying EBIT margin increasing by 34 basis points. The company incurred $92 million in major project implementation, dual running and transition costs related to the Kemps Creek automated distribution centre (ADC) and two automated customer fulfilment centres (CFCs). Financing costs increased by $58 million to $271 million, reflecting higher interest on lease liabilities and increased interest rates on debt. Coles announced a $880 million investment to develop a new ambient ADC in Truganina, Victoria, which will further automate the company's distribution network. The Coles Board has declared a fully franked interim dividend of 37.0 cents per share.
Coles Group has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.