• Group revenue: $19.6bn, up 0.7% (3.8% ex-tobacco)
• Group EBITDA: $761.7m, up 1.9%
• Underlying EBIT: $503.7m (-0.8% and +1.6% ex one-off costs)
• Operating cashflow: $558m, up 3.5%
• Dividend: 18c fully franked (~74% UPAT payout)

Metcash Ltd released its FY26 results, demonstrating the strength of its scaled independent retail platform and resilience of its diversified portfolio. The Group delivered a solid financial performance, supported by disciplined execution, strong cash generation, and ongoing investment in strategic capabilities. Key highlights include group revenue of $19.6bn (up 0.7%, 3.8% ex-tobacco), EBITDA of $761.7m (up 1.9%), underlying EBIT of $503.7m (-0.8% and +1.6% ex one-off costs), and operating cashflow of $558m (up 3.5%). The company also maintained a strong balance sheet with a debt leverage ratio of 1.0x and declared a fully franked dividend of 18c (~74% UPAT payout).

FY27 Revenue - first 7 weeks: Group sales +2.4%, Food +1.6%, Liquor +1.3%, Hardware & Tools +5.8%

Metcash enters FY27 with strong momentum across core businesses, expecting to strengthen competitive advantages, expand digital capabilities, and support independent retailers.