Wesfarmers Ltd (ASX:WES) reported a 4% increase in underlying annual profit on Thursday, underpinned by strong contributions from Bunnings and Kmart, and unveiled plans for a A$1.7 billion capital return to shareholders.
The Australian conglomerate said underlying net profit after tax rose to A$2.65 billion for the year ended June 30, from A$2.56 billion a year earlier. Revenue grew 3.4% to A$45.7 billion
Managing Director Rob Scott said the results highlighted the resilience of the group’s core divisions. Bunnings and Kmart continued to deliver sales and earnings growth through their value positioning and productivity initiatives, while Officeworks also lifted earnings, he said.
The board declared a fully franked final dividend of A$1.11 per share, bringing the total ordinary dividend to A$2.06, up 4%.
In addition, Wesfarmers proposed a A$1.50 per share capital management distribution, comprising A$1.10 as a return of capital and A$0.40 as a fully franked special dividend, amounting to about A$1.7 billion.
Looking ahead, Wesfarmers said trading in the first weeks of fiscal 2026 had been solid across its major retail businesses, though labour, energy and supply chain costs remain headwinds.
Source :
https://www.investing.com/news/stock-market-news/wesfarmers-fy-profit-rises-4-as-bunnings-kmart-drive-growth-4213649
