• Statutory NPAT increased 14.4% to $2,926 million
• Retail divisions delivered strong earnings growth, supported by value credentials and productivity initiatives
• Wesfarmers continues to invest in omnichannel capabilities and sustainability

Wesfarmers Limited has reported a statutory net profit after tax (NPAT) of $2,926 million for the full-year ended 30 June 2025, an increase of 14.4 per cent on the prior year. NPAT excluding significant items increased 3.8 per cent to $2,653 million. Managing Director Rob Scott said the growth in profit highlighted the quality of the Group's businesses and teams and the continued strong execution of growth and productivity initiatives. The Group's largest divisions, Bunnings and Kmart Group, continued to perform well, with their everyday low prices and market-leading offers driving sales and earnings growth. The retail divisions also benefited from new and expanded ranges and offerings that helped grow their addressable markets. Wesfarmers Industrial and Safety's earnings declined, impacted by a softer market environment and restructuring costs, but actions taken to reset the operating model materially improved operational performance and enhanced customer service in the second half. Wesfarmers Health's earnings improved, and the focus remains on executing initiatives to accelerate growth and improve returns. Wesfarmers continued to enhance its omnichannel assets and capabilities during the year, increasing the use of data analytics and AI to digitise their operations. The Group also launched a retail media network, connecting advertisers with Group-wide audiences and insights. Portfolio actions taken during the year include the sale of Coregas and the decision to wind down Catch. Wesfarmers is committed to providing a safe and fulfilling work environment for team members, and good progress was made during the year on key sustainability metrics, including safety and emissions reduction.

The Group expects net capital expenditure of between $1,000 million and $1,300 million for the 2026 financial year, subject to net property investment and the timing of project expenditures. This amount excludes any proceeds from the sale and leaseback of Bunnings properties following the wind up of the BPI No 1 Pty Ltd (BPI) property structure in September 2025.

Wesfarmers remains well positioned to deliver satisfactory returns to shareholders over the long term. The Group's retail divisions are well positioned to profitably grow their share of customer wallet, supported by their strong value credentials, broad customer appeal and growing addressable markets. Domestic cost pressures are expected to persist in the 2026 financial year, and the divisions will continue to execute productivity initiatives to mitigate these impacts. The performance of the Group's industrial businesses remains subject to commodity prices, foreign exchange rates, competitive factors and seasonal outcomes. Wesfarmers Health is well positioned to improve long-term earnings and returns by executing its transformation program and capitalising on growing customer demand for health and wellness.