• Sales revenue up 2% with price realization and volume growth contributing equally
• Underlying Profit and operating profit up 4% despite inflation and US repair constraints
• Free Cash Flow before dividends of US$1,048.2 million
• Total dividends for FY26 up 16% to 46.15 US cents per share
• On track to resolve US repair capacity constraints by end of 1H27

Brambles Ltd announced its FY26 results, highlighting a 2% increase in sales revenue, driven by equal contributions from price realization and volume growth. Underlying profit and operating profit rose by 4%, despite inflation and US repair capacity constraints. Free cash flow before dividends was US$1,048.2 million, down US$46.7 million due to higher financing and tax payments. Dividends increased by 16% to 46.15 US cents per share, with a payout ratio of 64%. The company expects to resolve US repair capacity constraints by the end of 1H27, with mid-to-high single-digit decline in 1H27 more than offset by low double-digit growth in 2H27.

FY27 outlook: Sales revenue growth at constant FX of 2-4%; Underlying Profit growth at constant FX of 2-6%; Free Cash Flow before dividends of between US$800-950 million.

Brambles expects sales revenue growth at constant FX of 2-4% and underlying profit growth at constant FX of 2-6% in FY27. Free cash flow before dividends is expected to be between US$800-950 million. The company plans to resolve US repair capacity constraints by the end of 1H27.