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Wesfarmers (WES) investor relations material
Wesfarmers AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary30 Oct, 2025
Opening remarks and agenda
The meeting opened with a Welcome to Country and acknowledgments to traditional owners, followed by introductions of the Board, executive team, and procedural instructions for voting and questions.
The Chairman confirmed a quorum, outlined the hybrid format, and recognized retiring and new directors.
The agenda included financial performance, Board changes, audit updates, and strategic outlook.
Financial performance review
Record net profit after tax (excluding significant items) of $2.7 billion, up 3.8% year-on-year.
Fully franked dividends increased to $2.06 per share, up 4%.
Bunnings, Kmart Group, Officeworks, and Health divisions saw profit growth; Chemicals, Energy & Fertilizers, and Industrial & Safety declined due to commodity prices and restructuring.
$46 billion in revenue, with 93% distributed to suppliers, employees, governments, and communities.
Strong balance sheet maintained, enabling flexibility for future investments.
Board and executive committee updates
Three directors (Mike Roche, Sharon Warburton, Julie Coates) stood for (re)election; Jennifer Westercott retired.
Ken McKenzie announced as incoming Chairman, joining the Board in June 2026.
Internal promotions highlighted, including new Managing Directors for Kmart, WesCEF, Officeworks, and One Digital.
Justify Ken MacKenzie's external Chair appointment
How to combat rising retail crime and privacy issues?
How would 5% cash flow tax impact Wesfarmers?
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Next Wesfarmers earnings date
H1 202619 Feb, 2026
Next Wesfarmers earnings date
H1 202619 Feb, 2026
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Frequently asked questions
Wesfarmers Limited primarily engages in the retail business in Australia, New Zealand, the United Kingdom, and internationally. It operates through Bunnings Warehouse (Bunnings), Officeworks, Kmart, Target, Coles, Homebase, and Other segments. The company operates supermarkets under the Coles and BI-LO tradenames; department stores under the Kmart, Officeworks, and Target brand names; home improvement stores under the Bunnings Warehouse name; commercial offices and industrial properties; and chemical businesses.
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