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2 clusters · 2 sources · 27 days · First seen · Last updated

Wesfarmers financial performance and dividend trends

Overview

Wesfarmers Ltd reported strong financial results for the 2026 fiscal year, characterized by an 8.3% increase in underlying net profit to $2.87 billion and a 7.3% rise in underlying operating profit to $4.5 billion. Revenue grew by 3.4% to $47.3 billion. Performance across its diverse portfolio was mixed: the Bunnings Group and Kmart Group saw revenue growth, and the healthcare segment grew by 9.1%, while Officeworks experienced a 22.2% decline in earnings before tax.

Following these results, the company has maintained its focus on dividend growth and portfolio diversification. For the fiscal year ending June 2026, the board increased the annual dividend per share by 7.8% to $2.22. Despite a 5.3% decline in share price since the beginning of 2025, analysts note the company’s ability to reinvest in businesses to grow cash flow and assets, with projections suggesting continued dividend growth through FY29.

Entities

Kmart Group · Wesfarmers Ltd · ASX · Officeworks · WesCEF

Timeline

  1. [BUSINESS] 2 sources
    Wesfarmers Ltd maintains dividend growth and diversified retail portfolio

    Wesfarmers Ltd continues to be a key ASX player, driven by brands like Bunnings and Kmart, with a focus on consistent dividend growth and diversified retail and industrial holdings.

  2. [BUSINESS] 2 sources
    Wesfarmers reports $2.87 billion net profit for FY26

    Wesfarmers reported FY26 revenue of $47.3 billion and a net profit of $2.87 billion, driven by growth in Bunnings, Kmart, and healthcare despite varying divisional earnings.

Sources

fool.com.au · raskmedia.com.au