Super Retail Group (SUL) AGM 2026 summary

Opening remarks and agenda

• CEO Paul Bradshaw presented the FY26 results; the stated purpose is to inspire and equip people to live their passion every day.

Financial performance review

• FY26 revenue was $4,199.8m, up 3.2%; like-for-like sales grew 1.8%. Normalised PBT was $306.2m, down 7.0%, and normalised NPAT was $225.9m, down 2.8%.

• Gross margin was 45.7%, up 10 bps; normalised PBT margin was 7.3%, down 80 bps. Net debt was $14m and return on capital was 16.7%.

• Supercheap Auto PBT rose 3.3% to $203.3m and rebel PBT rose 4.3% to $105.1m; BCF PBT fell 14.3% to $52.3m, while Macpac PBT grew 32.0% to $13.6m.

• Online sales reached $552.1m, up 5.3%, and represented 13.1% of sales; active club members totaled 13.1m, up 4.8%.

Dividend announcements

• FY26 dividends per share were 65.0 cents.