Brambles reported its 1H26 results, with sales revenue from continuing operations of USD 3.53 billion (+5%). Underlying Profit and operating profit from continuing operations rose to USD 792.00 million (+10%), including around USD 15.00 million of one-off restructuring costs tied to an overhead cost reduction programme. Operating profit after tax from continuing operations increased to USD 507.40 million (+14%), while basic EPS from continuing operations was USc 37.2 (+16%). Return on capital invested was 24.3% (up 1.3 points). Cash flow from operations was USD 678.50 million, and free cash flow before dividends was USD 481.70 million (up USD 52.50 million), with free cash flow after dividends of USD 195.70 million. The interim dividend was set at USc 23.00 per share, with a payout ratio of 60.5%, and Brambles said its FY26 on-market share buy-back of up to USD 400.00 million remains on track, with USD 191.00 million repurchased in 1H26. Management cited flat volumes as net new business growth offset lower like-for-like volumes amid weak consumer demand, while margin expansion was driven by supply chain and overhead productivity improvements and continued investment in pallet quality and digital initiatives. The company also highlighted progress in its Serialisation+ programme, including around 95% customer adoption of its Effortless Service Offer model in Chile, additional read infrastructure installed at 10 sites in the US, and about 25,000 lower-cost tracking devices deployed in the UK in 1H26. Brambles updated FY26 guidance, narrowing expected sales revenue growth to 3–4% at constant currency, keeping Underlying Profit growth unchanged at 8–11%, and upgrading free cash flow before dividends to USD 950.00 million–USD 1.10 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brambles Ltd. published the original content used to generate this news brief on February 19, 2026, and is solely responsible for the information contained therein.