Key points
- Metcash delivered resilient performance in FY26 with revenue up 0.7% to $19.6 billion
- Group EBIT increased by 1.6% excluding strategy and integration costs
- Strong operating cash flow of $558 million and balance sheet flexibility
- Strategic focus on Winning with Independents and expanding competitive networks
- Continued progress on ESG initiatives and sustainability targets
Full summary
Metcash Ltd's FY26 Annual General Meeting and Trading Update highlighted a resilient performance despite mixed trading conditions. The company reported a 0.7% increase in group revenue to $19.6 billion, with EBIT up 1.6% excluding strategy and integration costs. Operating cash flow remained strong at $558 million, reflecting disciplined working capital management. The company's strategy, centered on Winning with Independents, continued to drive growth across its diversified portfolio. Key achievements included improved competitiveness in Supermarkets, growth in Foodservice and Convenience, and the successful integration of Total Tools and Independent Hardware Group. Metcash also made significant progress on its ESG initiatives, achieving 100% renewable energy sourcing and reducing emissions. The company remains confident in its ability to deliver sustainable returns for shareholders.