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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Metcash
Metcash (MTS) investor relations material
Metcash AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2026 summary9 Sep, 2026
Opening remarks and agenda
Meeting opened by the Chair, acknowledging traditional custodians and confirming quorum for the online AGM.
Board members, leadership team, and auditors introduced, with explanation of voting procedures and Q&A protocols.
Agenda included review of company activities, financials for FY2026, director and auditor reports, and consideration of four resolutions.
Board and executive committee updates
Helen Nash retired from the Board in July 2026; Nicky Sparshott joined as Non-Executive Director, bringing retail and digital transformation expertise.
Board chaired by Peter Birtles, with key committees led by Mark Johnson, Marina Go, and Margie Haseltine.
Executive team includes Doug Jones (CEO), Deepa Sita (CFO), and leaders for Food, Hardware, Liquor, Legal, Growth, People & Culture, and IT.
Board focused on succession planning, diversity, and maintaining a balance of skills and independence.
Financial performance review
Group revenue reached AUD 19.6 billion, up 0.7% (3.8% ex-tobacco); EBIT was AUD 503.7 million, up 1.6% excluding strategy/integration costs.
EBITDA was AUD 761.7 million, up 1.9%; reported PAT AUD 279.1 million, down 1.5%; operating cash flow AUD 558 million.
Underlying profit after tax was AUD 268.8 million; EPS at AUD 0.245.
Total dividends were AUD 0.18 per share, fully franked, representing approximately 74% of UPAT.
Food sales AUD 10.5 billion (-0.6%), Liquor AUD 5.4 billion (+1.0%), Hardware & Tools AUD 3.7 billion (+4.3%).
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Latest events from Metcash
- FY26 revenue up 0.7% to AUD 19.6bn, strong cashflow, steady FY27 outlook, margin pressure in Hardware.MTS
H2 2026 - FY 2026 profit outlook is strong, with robust cash flow and targeted cost savings initiatives.MTSTrading update
- Net profit rose to $142.2m, revenue grew 0.4%, and an 8.5c interim dividend was declared.MTSH1 2026
- Revenue and profit grew, board refreshed, and all resolutions passed amid strategic transformation.MTSAGM 2025
- Strong FY25 growth and positive FY26 outlook, with gains in food, liquor, and hardware.MTSH2 2025
- Food and Liquor growth offset Hardware weakness; net profit rose to $141.8m on $9.6bn revenue.MTSH1 2025
- Revenue up 0.7% to $18.2bn, strong cash flow, and strategic acquisitions support growth.MTSH2 2024
Next Metcash earnings date
H1 20276 Dec, 2026
Metcash
Next Metcash earnings date
H1 20276 Dec, 2026
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Frequently asked questions
Metcash Limited (MTS) is an Australian wholesaler and distributor operating across food, liquor, and hardware sectors. It provides a broad spectrum of wholesale distribution and marketing services, primarily catering to independent retailers and businesses. The company's offerings encompass a diverse range of products and services aimed at supporting the operational, marketing, and merchandising needs of its clients. Metcash operates under several divisions, including Food & Grocery, Liquor (through Australian Liquor Marketers), and Hardware (via the Independent Hardware Group), to deliver comprehensive solutions to independent supermarkets, convenience stores, liquor retailers, and hardware stores. The company is headquartered in Macquarie Park, New South Wales, and its shares are listed on the ASX.