Coles Group reported a 14% increase in underlying net profit to A$1.26 billion for the fiscal year ended June, up from A$1.10 billion in the prior period. Group earnings before interest and tax (EBIT), excluding significant items, rose 9.9% to A$2.322 billion.
Total sales revenue grew 2.8% to A$45.58 billion, with the supermarkets segment delivering a 3.7% rise in sales to A$41.47 billion. The segment’s EBIT margin expanded by 43 basis points to 5.7%, while e-commerce sales surged 26.4% to A$5.6 billion, lifting e-commerce penetration to 15.7% of total sales.
The liquor segment underperformed, with sales declining 3.3% and EBIT falling 47.8% to A$59 million. The company noted that sales growth in the first eight weeks of the current fiscal year remained broadly in line with the fourth quarter of the prior year.
Coles plans to invest approximately A$190 million in a new capability centre, targeting more than A$100 million in annualised benefits by fiscal 2029. The group’s performance reflects strong supermarket demand and operational efficiency gains despite challenges in the liquor segment.
