• Strong operational performance and disciplined execution of strategies
• Bunnings, Kmart Group and WesCEF drove earnings growth
• Productivity initiatives to mitigate cost pressures and keep prices low
• Lithium business benefited from improved pricing environment

Wesfarmers Limited has reported a statutory net profit after tax (NPAT) of $1,603 million for the half-year ended 31 December 2025, an increase of 9.3 per cent. The result reflects strong operational performance and disciplined execution of the Group's strategies to create shareholder value. Wesfarmers' largest divisions - Bunnings, Kmart Group and WesCEF - delivered strong earnings contributions. The divisions benefited from productivity initiatives to navigate ongoing challenging market conditions, including higher costs weighing on households and businesses, and subdued residential construction activity. Bunnings and Kmart Group's focus on everyday low prices and productivity enabled operating leverage, while WesCEF's lithium business benefited from a significantly improved pricing environment. Wesfarmers continued to leverage its data and digital capabilities, including the OnePass program, to deepen customer connections and create shareholder value. The Group also made good progress on key sustainability metrics, including safety and emissions reduction. Wesfarmers remains well positioned to deliver satisfactory returns, supported by its portfolio of cash-generative businesses, strong balance sheet and commitment to invest in its divisions and growth platforms. The retail divisions are well positioned to drive profitable growth, leveraging their expanding addressable markets, strong value credentials and focus on customer experience. The Group expects net capital expenditure of between $1,000 million and $1,300 million for the 2026 financial year.

Based on customer contracts for the majority of WesCEF's share of spodumene concentrate production in the second half of the 2026 financial year, lithium earnings in the second half are expected to be slightly ahead of the first half.

Wesfarmers remains well positioned to deliver satisfactory returns to shareholders over the long term, supported by its portfolio of cash generative businesses with market-leading positions, strong balance sheet and commitment to invest to strengthen its existing divisions and develop platforms for growth. The retail divisions are well positioned to drive profitable growth, supported by their expanding addressable markets, strong value credentials and focus on improving customer experience.