Wesfarmers reports $2.87 billion net profit for FY26

Wesfarmers Ltd reported its FY26 financial results, showing revenue growth of 3.4% to $47.3 billion. The company’s underlying net profit increased by 8.3% to $2.87 billion, while underlying operating profit rose 7.3% to $4.5 billion.

Divisional performance varied across the conglomerate’s portfolio. The Bunnings Group saw revenue grow 4.1% to $20.4 billion, and the Kmart Group revenue rose 2.8% to $11.75 billion. The healthcare segment experienced 9.1% revenue growth, reaching $6.5 billion. Conversely, Officeworks saw a 22.2% decline in earnings before tax.

Analysts highlight Wesfarmers’ highly diversified operations—spanning hardware, general retailing, chemicals, energy, lithium mining, and healthcare—as a strength in uncertain economic conditions. The company also reported a strong return on equity (ROE), which increased from above 30% to 35.5% in FY26, alongside a history of regular dividend growth.