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Coles Group (COL) investor relations material

Coles Group H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary26 Aug, 2025

Executive summary

  • Achieved strong financial and operational momentum in FY25, driven by a focus on value, quality, availability, and customer experience across Supermarkets and Liquor.

  • Customer satisfaction and team member engagement reached record highs, with top quartile scores in Australia and significant progress in digital transformation and sustainability.

  • Supported communities through major fundraising, food donation initiatives, and maintained leadership in corporate giving.

  • Significant progress in supply chain automation, exclusive brand innovation, and digital transformation.

  • Liquor business advanced with banner simplification and positive early results from store conversions.

Financial highlights

  • Group sales revenue increased by 3.6% to $44.4 billion year-over-year (normalised); underlying EBITDA up 7.5% to $4.05 billion; underlying EBIT up 6.8% to $2.22 billion (normalised).

  • Underlying NPAT from continuing operations grew 3.1% to $1.2 billion; reported NPAT up 2.4%.

  • Delivered $327 million in Simplify and Save to Invest (SSI) benefits, supporting margin expansion.

  • Operating cash flow (excl. interest and tax) was $4 billion, with a cash realization ratio of 102%.

  • Fully franked final dividend of $0.32 per share, total FY25 dividend $0.69, up 1.5%.

Outlook and guidance

  • First eight weeks of FY26: supermarket sales revenue up 4.9% (7% ex-tobacco); e-commerce sales remain strong; Liquor sales flat.

  • ADC program to deliver first full year of annualized benefits in FY26; no further implementation or transition costs expected.

  • Capital expenditure guidance for FY26 is $1.2 billion, focused on renewals, digital, and growth.

  • $20 million one-off cost for Simply Liquor Land completion expected.

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Frequently asked questions

Coles Group Limited operates as a retailer in Australia. It operates supermarket and liquor stores under the Coles, Coles Online, Bi-Lo, Liquorland, Vintage Cellars, and 1st Choice Liquor brands; and department stores under the Kmart, Target, and Officeworks brands. The company is also involved in the distribution of sources for liquefied petroleum gas to gas retailers. As of June 30, 2012 it operated 762 supermarkets; 689 liquor stores; 133 Target discount department stores; 534 Kmart discount department stores; 241 Coles Express outlets; 339 convenience stores branded as c-stores or belle's petite format local grocery store and kiosks primarily operating under the Red Rooster name; and 36 Officeworks stationery superstores in Australia. The company provides its products through distribution centers located in Victoria and Queensland. Coles Group Limited was founded in 1914 and is headquartered in Hawthorn East, Australia.

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