Metcash's 'Disappointing' Fiscal H1 Results Miss Expectations, Jefferies Says
MT Newswires Live
Dec 01, 2025
Metcash's (ASX:MTS) fiscal first-half underlying earnings of AU$0.115 per share and sales revenue of AU$8.48 billion were disappointing, with underlying earnings before interest, taxes of AU$240.2 million missing expectations, according to a Sunday note by Jefferies.
The result is due to lower-than-expected margins in liquor and hardware, Jefferies said.
However, the company's cash flows from operating activities of AU$262.3 million were higher than expected due to a focus on cost and working capital management, Jefferies added.
Jefferies kept a buy rating on Metcash with a price target of AU$4.50.
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