Brambles sees 12% lift in operating profit, unveils US$400m buyback
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The news: Logistics solutions giant Brambles has reported full-year operating profit of USD864.2 million ($1.34 billion), up 12% year on year, and announced an on-market share buyback of up to USD400 million for the 2026 financial year.
The numbers: The company beat consensus estimates of USD847.64 million, according to Visible Alpha data.
Revenue grew 2% year on year to USD6.67 billion. The company declared a total dividend of 39.83 US cents per share, up 17% from 34 US cents per share in FY24 and above average forecasts of 38 US cents per share.
The context: Brambles said its profit line was boosted by margin expansion during the year, driven by ongoing supply chain and overhead productivity initiatives.
The company expects like-for-like volumes to be "slightly down" in FY26 compared to FY25, due to an uncertain macroeconomic outlook.
What they said: "Achieving these results amid heightened macroeconomic uncertainty underscores the increased resilience of our business, reinforced through our multi-year transformation programme that has strengthened all facets of our business," said CEO Graham Chipchase.
The source: ASX
