Pharmacy Wholesaler Update

Key points

• McPherson's to exit warehousing and direct-to-store orders
• Transition to third-party warehouse provider and pharmacy wholesalers
• Entered 3-year agreement with Symbion Pty Ltd for pharmacy wholesale

Full summary

McPherson's Limited has announced it will exit warehousing and direct-to-store orders and transition to the use of an experienced third-party warehouse provider (3PL) and pharmacy wholesalers to fulfill orders, in order to transform its operating model. The company has entered into a pharmacy wholesaler agreement with Symbion Pty Ltd (Symbion), for a three-year term commencing on 1 June 2025. Under the Group's existing direct-to-store model, current annual revenue from retailers likely to be serviced through Symbion is in the order of $10-$15 million. Under the new operating model, this revenue will now transition to orders serviced through McPherson's wholesale relationship with Symbion.