Australia’s Brambles hits record high on upbeat FY earnings, buyback plan

Published 21/08/2025, 06:02
© Reuters.

Investing.com-- Shares of Brambles Ltd (ASX:BXB) jumped to a record high on Thursday after the logistics firm posted stronger annual earnings and announced a fresh share buyback.

The company reported underlying profit of $1.37 billion for the year ended June 30, up 10% at constant exchange rates, driven by improved asset efficiency and productivity savings.

Group sales revenue rose 3% to $6.67 billion, Brambles said in a filing.

Sydney-listed shares of the company jumped over 11% to A$25.86, their highest level ever.

The board declared a final dividend of 20.83 cents per share, taking the full-year payout up 17% to 39.83 cents.

It also unveiled plans for an on-market share buyback of up to $400 million in fiscal 2026, following a similar program completed in the past year.

Looking ahead, Brambles forecasts sales growth of 3-5% and underlying profit growth of 8-11% at constant exchange rates in FY26.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.