Strong Performance in Priority Markets
The UK delivered a strong improvement in profitability with revenue growth and gross margin expansion. Indonesia ended the year with its fifth consecutive quarter of revenue growth with high single-digit revenue and volume growth. Market share gains were noted in Australia for top 3 brands.
Cost Savings and Strategic Portfolio Simplification
Announced the sale of a 50% stake in PZ Wilmar for $70 million, expected to simplify the portfolio and strengthen the balance sheet. GBP 5-10 million in cost savings expected in FY '26.
Brand Building Success
Successful brand-building activities with campaigns like Nature Hits Different for Original Source, reaching over 15 million people, and Cussons Baby achieving 10% household penetration in urban Indonesia.
Progress in Nigeria
Nigerian business showed resilience in a high inflation environment with strategic improvements and a new campaign for Carex reaching 125 million people.