• Catch to cease trading as standalone business in Q4 FY2025
• Catch's e-commerce fulfilment centres to transfer to Kmart Group
• Select digital capabilities from Catch to transfer to Wesfarmers' retail divisions

Wesfarmers today announced that Catch will cease to trade as a standalone operating business in the fourth quarter of the 2025 financial year. Catch's e-commerce fulfilment centres will be transferred to Kmart Group, while select digital capabilities developed in Catch will be transferred to Wesfarmers' retail divisions. This will eliminate the losses associated with Catch as a standalone entity and strengthen the retail divisions' omnichannel offers. Wesfarmers Managing Director Rob Scott said the decision was in the best interests of shareholders and would better leverage the assets and capabilities developed within Catch. Catch's dedicated e-commerce fulfilment capabilities at its Moorebank, New South Wales and Truganina, Victoria fulfilment centres will be transferred to Kmart Group in the fourth quarter of the 2025 financial year. This use of centralised fulfilment is expected to improve the customer experience and efficiency of Kmart Group's e-commerce operations. Following the wind down of the Catch retail business, select digital capabilities, including specialist personnel and supplier relationships, will be transferred to other retail divisions. Wesfarmers expects to record one-off costs associated with the wind down and transition of Catch of between $50 million and $60 million, to be included in the results for the second half of the 2025 financial year. Subject to review by the Group's auditor, Catch is expected to report an operating loss before tax of between $38 million and $40 million, for the half-year ended 31 December 2024.

Wesfarmers expects the transition of Catch's fulfilment centres to Kmart Group to have a positive but not material impact on Kmart Group earnings in the 2026 financial year, with benefits expected to increase as online sales grow.