Group revenue growth
Group sales increased 3.4% to $37.1 billion for H1 FY26, with all trading segments reporting sales growth.
Strong EBIT and EPS (before significant items)
Group EBIT before significant items rose 14.4% to $1.7 billion and group NPAT before significant items increased 16.4% to $859 million; basic EPS before significant items was $0.704, up 16.4%.
eCommerce momentum and profitability
Group eCommerce sales grew 14.6%; WooliesX sales +14.2% and eCommerce profitability improved with a 93% increase in eComX directly attributable profit and strong operational productivity (picking and last-mile optimization).
Cost savings and CODB reductions
Delivered the $400 million run-rate cost savings target by December; CODB as a percentage of sales declined by 24 basis points in the half, helping to fund customer value initiatives.
Complementary businesses driving earnings
Complementary businesses and services contributed around one-third of the group's EBIT growth in H1. Petstock sales +13.1% and EBIT +49.6% (comparable sales +5.8%, eCom +24%). PFD and Rewards & Services also delivered double-digit underlying EBIT growth.
BIG W and New Zealand improvement
BIG W GTV (including BIG W Market) increased 5.8%, BIG W EBITDA +12% and EBIT up 122% (benefitting from better mix and stock management). New Zealand Food EBIT increased 22.4% with eCommerce +13.9% in NZD.
Cash flow, capex and capital management
Operating cash flow before interest and tax was $3.2 billion (+4.5%). Operating CapEx H1 of $913 million; full-year operating CapEx expected to be ~ $2.0 billion. Net debt/EBITDA ~2.7x, modestly lower than FY25.
Dividend and shareholder returns
Final dividend approved of $0.45 per share, an increase of 15.4% on the prior year; franking credits ~ $1.2 billion after interim payment.
Sustainability and AI adoption milestones
Achieved 100% renewable electricity across operations, delivered 100 million OzHarvest meals over 10 years, restored soft-plastic recycling to 600+ stores. AI adoption: customer chatbots automated >60% of contacts, Gemini used by ~2/3 of support office staff, Quick Assist used by >6,000 store team members weekly, and digital lists used by >1 million customers weekly.
Improved customer metrics and availability
Woolworths Food Retail VOC NPS improved by 10 points year-on-year; ‘value for money’ scores up 8 points YoY; out-of-stocks voice of customer improved by 10 points; increased stock weight on promotions improved availability.