Metcash shares lift despite announcing director retirement, FY26 costs
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The news: Shares in retail group Metcash were edged higher in afternoon trade after the company announced non-executive director Murray Jordan would retire on 31 October and flagged a slew of costs weighted to the first half of 2026.
The numbers: At 3:01pm AEST, shares in Metcash lifted 0.5% to $4.05.
The context: Jordan joined the Metcash board in early 2016 and is currently chair of the safety and sustainability committee. A search for a replacement is “well advanced” according to Metcash.
The company also provided a trading update ahead of its 2025 annual general meeting. In the 18 weeks to 31 August 2025 group sales lifted 1.1%, or 5.1% when excluding tobacco. Tobacco sales fell 32.1%.
The company also flagged about $7 million of corporate development costs, $4 million in food business costs, $2 million in liquor business costs and $6 million in hardware costs in FY26, weighted to the first half.
