Brambles sits in Rivkin’s ASX Starter Pack. The pallet pooler reported its full year result for the 12 months to 30 June 2026 on Wednesday 20 August 2026.
Sales revenue reached US$7,042.9 million, up 6% at actual rates and 2% at constant currency, landing at the bottom of the 2% to 3% range management set when it revised guidance in May. Underlying profit rose 9% to US$1,494.4 million, or 4% at constant currency, mid-range against the revised 3% to 5% target. Statutory profit after tax from continuing operations came in at US$948.5 million, up 5% at constant currency, with earnings per share of 69.9 US cents.
Repair capacity in the central and northeastern United States accounted for most of the gap against the original FY26 plan. Quality initiatives, labour shortages, subcontractor exits and unplanned service centre relocations all landed in the June quarter, costing roughly US$90 million in earnings and US$40 million in additional pooling capex. Brambles bought 1.3 million new pallets in the fourth quarter to cover demand it could not otherwise meet.
| Metric | Actual | Comparison (revised FY26 guidance) |
| Sales revenue | US$7,042.9m | +2% cc vs 2-3% guided |
| Underlying profit | US$1,494.4m | +4% cc vs 3-5% guided |
| EPS (continuing) | 69.9 US cents | +6% cc |
| Free cash flow (pre-dividends) | US$1,048.2m | vs US$1.0-1.1bn guided |
| Full year dividend | 46.15 US cents | +16% on FY25 |
Free cash flow before dividends of US$1,048.2 million rose 16% at actual rates and cleared US$1 billion for a second consecutive year. Directors declared a final dividend of 23.15 US cents, 20% franked, taking the full year to 46.15 US cents on a 64% payout ratio. The company completed US$509 million of buybacks during FY26 and carries a further US$400 million authorised.
For FY27, management guided to sales revenue growth of 2% to 4% and underlying profit growth of 2% to 6%, both at constant currency, with free cash flow before dividends of US$800 million to US$950 million. The US repair drag is expected to cost US$70-80 million in the first half and reverse by US$55-65 million in the second, netting US$10-20 million for the year. Capacity expands about 20% by FY28 on a US$25 million spend covering eight new service centres.
Chief executive Graham Chipchase told the results call: “I fully expect to exit FY27 in strong shape as we’re recovering the structural increases in cost to serve through both productivity and pricing.”
Shares fell 3.44% on the day, closing at A$18.80.
