Woolworths Group (WOW) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional owners, and outlined emergency and procedural matters for the hybrid AGM, including voting and Q&A processes.

• Introduced Board members, executive team, and external auditor, and confirmed a quorum was present to open the meeting.

• CEO addressed the focus on 100 years of serving Australians and New Zealanders.

Financial performance review

• Group sales reached $69.1b, up 3.6% vs. F24; eCommerce sales were $9.1b, up 17.1% vs. F24.

• FY25 Group EBIT before significant items declined by 12.6%, mainly due to cost-of-living pressures, price reductions, and supply chain disruptions from industrial action.

• BIG W reported a loss, while New Zealand Food and eCommerce businesses showed improved earnings.

• Final dividend declared at $0.45 per share, total full year dividend $0.84, reflecting lower earnings.

• Interest expenses increased 22% due to the mix of fixed and floating rate borrowings.

Strategic initiatives and plans

• Focused on improving performance in F26 with clear priorities and cost savings targets.

• Supply chain transformation included opening Moorebank NDC and Auburn CFC, with new automated distribution centers in NSW and Victoria to improve efficiency and safety.

• Expansion of eCommerce, on-demand delivery, and digital capabilities, with strong growth in online sales.

• Launched lower shelf prices on 750+ items and expanded Direct to Boot network.

• Medium-term priorities: lead in fresh food, address underperformance in New Zealand Food and BIG W, and grow complementary services.