Slide 1: Coles Group Limited – 2025 Full Year Results Presentation
26 August 2025 The Manager Company Announcements Office Australian Securities Exchange Dear Manager Coles Group Limited – 2025 Full Year Results Presentation Please find attached for immediate release to the market the 2025 Full Year Results Presentation for Coles Group Limited. This announcement is
Slide 2: 2025 Full Year Results Presentation
2025 Full Year Results Presentation 26 August 2025 Leah Weckert, Managing Director & Chief Executive Officer Charlie Elias, Chief Financial Officer Coles was proud to support FightMND, raising $8.4 million in FY25, taking total funds raised 0for MND research by Coles to more than $48 million over ei
Slide 3: Disclaimer
Disclaimer This presentation contains summary information about Coles Group Limited (ACN 004 089 936) and its controlled entities (together, ‘Coles’, ‘Coles Group’ or ‘the Group’) and Coles’ activities as at the date of this presentation. It is information given in summary form only and does not pur
Slide 4: FY25 highlights
FY25 highlights Focus on value, quality, availability and customer experience Customer satisfaction scores increased across Supermarkets and Liquor ADCs and CFCs fully transitioned and delivering results Strong eCommerce growth, with CFCs a key driver Delivered $327 million in Simplify and Save to I
Slide 5: FY25 financial highlights
FY25 financial highlights Group EBITDA ($m) Group EBIT ($m) NPAT ($m) 4,052 3,941 +10.7% 2,223 1,210 normalised1 2,175 1,181 2,112 +6.8% +11.0% 2,057 normalised1 1,118 +3.1% normalised1 3,768 +7.5% normalised1 normalised1 1,079 3,659 +2.4% normalised1 FY24 Reported FY25 (ex SI2) FY24 FY25 FY24 FY25
Slide 6: Continuing to deliver on strategic priorities
Continuing to deliver on strategic priorities ✓ ‘Great Value, Hands Down’ campaigns in Supermarkets and ‘Price Match Promise’ in Liquor ✓ Launched 970 Exclusive to Coles and 196 Exclusive Liquor Brand products Destination for ✓ Increased Flybuys active members by 4.4% with a 13.3% increase in custom
Slide 7: Focus on value, quality and the customer offer
Destination for food and drink Focus on value, quality and the customer offer Fewer, deeper promotions and Continued growth in Strong execution expanded range of EDLP products Exclusive brands across key events 1,166 new >400 Own Brand ~4,700 products products Christmas on everyday launched across p
Slide 8: Positive early results from tailored and optimised ranges
Destination for food and drink Positive early results from tailored and optimised ranges Store specific range and space Optimised range • Store specific ranging rolled out • Range reviews across >40 categories catering for undertaken to reduce local customer preferences unnecessary duplication, allo
Slide 9: Strong growth in eCommerce sales and uplift in online NPS
Accelerated by digital Strong growth in eCommerce sales and uplift in online NPS Supermarkets +36% >2x +24.4% Monthly Coles Plus normalised sales growth1,2 and Coles Windowless active app Plus Saver users Rapid 11.2% subscription 9.4% Delivery and membership C&C launched 7.5% growth More nationally
Slide 10: CFCs delivering significant uplift in customer metrics
Accelerated by digital CFCs delivering significant uplift in customer metrics >Sales growth than Coles’ total eCommerce channel Improved Significant >2 x 33%+ freshness NPS uplift Perfect order rate vs. Range increase vs. Improved chill chain & NSW and VIC in-store fulfilment1,2 average store range1
Slide 11: SSI program delivered significant benefits
Delivered consistently for the future SSI program delivered significant benefits Track record of delivering annual efficiency benefits • Simplify and Save to Invest (SSI) aims to deliver annual efficiency benefits to help offset inflation and allow for reinvestment in the business to SSI program sup
Slide 12: Successfully completed NSW ADC ramp up and commenced construction in VIC
Delivered consistently for the future Successfully completed NSW ADC ramp up and commenced construction in VIC Redbank (QLD) and Kemps Creek (NSW) ADCs Construction at Truganina now fully operational ADC (VIC) underway • Redbank completed its first full year of operations; Kemps Creek ramp up comple
Slide 13: Committed to supporting our team members, suppliers, communities and the environment
Committed to supporting our team members, suppliers, communities and the environment Team members Suppliers Communities Environment Reduced combined Scope 1 and 2 Achieved our highest ever team Awarded $3.5 million in grants to 11 #1 corporate giver in Australia for the emissions by 71.4% from FY24
Slide 14: Group financial overview
Group financial overview Coles Ambassador Curtis Stone with Coles lamb suppliers 12 David, Max and Todd Lawrence in Avenel, Victoria.
Slide 15: FY25 results – Group
FY25 results – Group FY25 FY24 Normalised1 $m (52 weeks) (53 weeks) Change (52 weeks) Continuing operations Sales revenue 44,352 43,571 1.8% 3.6% EBITDA - reported (excl. SI2) 3,941 3,659 7.7% 11.0% - underlying (excl. SI2)3 4,052 3,768 7.5% 10.7% EBIT - reported (excl. SI2) 2,112 2,057 2.7% 7.5% -
Slide 16: FY25 results – Segment overview
FY25 results – Segment overview FY25 FY24 Normalised1 $m (52 weeks) (53 weeks) Change (52 weeks) Supermarkets Supermarkets delivered strong earnings growth underpinned by volume-led sales growth of 4.3% (normalised). Underlying Sales revenue 39,987 39,042 2.4% 4.3% EBIT margin expansion of 21 bps al
Slide 17: Operating cash flow
Operating cash flow Cash flow1 Commentary $m FY25 FY242 EBIT (excl. significant items) • Working capital movement driven by higher payables, largely 2,112 2,043 due to the timing of year end payments, partially offset by an increase in inventories to support availability Depreciation and amortisatio
Slide 18: Capital expenditure
Capital expenditure Capital expenditure breakdown Key capital expenditure initiatives $m FY25 FY24 • Store renewals across Supermarkets (60) and Liquor (118) Store renewals • Optimised renewal program enabling renewal of more Store renewals 349 383 stores vs FY24 at a lower capital cost Growth initi
Slide 19: Funding and dividends
Funding and dividends Debt facility maturity profile ($m) Financing costs Bank facilties AMTN Financing costs increased by $99 million to $541 million Weighted average drawn debt • AASB 16 lease financing costs increased by $62 million to $425 maturity of 5.0 years with undrawn facilities of $2.6 bi
Slide 20: Supermarkets
Supermarkets Supermarkets 18 The newly opened Coles supermarket at Thurgoona Village, NSW.
Slide 21: Supermarkets – key metrics
Supermarkets – key metrics Sales revenue Sales growth Sales growth ex-tobacco $40.0bn +4.3% +5.7% normalised vs. pcp normalised vs. pcp eCommerce sales growth1 Reported Underlying Reported EBIT Underlying EBIT2 EBIT EBIT2 margin margin +24.4% +9.0% +8.3% 5.3% 5.5% normalised vs. pcp normalised vs. p
Slide 22: Supermarkets – FY25 results
Supermarkets – FY25 results FY25 FY24 Normalised1 $m (52 weeks) (53 weeks) Change (52 weeks) Key commentary Key P&L items • Volume-led sales growth supported by our focus on value, quality, Sales revenue 39,987 39,042 2.4% 4.3% availability and the overall customer experience. Excluding tobacco, sal
Slide 23: Liquor
Liquor Liquor Our ‘Simply Liquorland’ banner simplification commenced during the year with 21 52 stores converted to the Liquorland banner by year end.
Slide 24: Liquor – key metrics
Liquor – key metrics Sales revenue Sales growth eCommerce sales growth1 $3.7bn +1.1% +7.2% normalised vs. pcp normalised vs. pcp Reported Underlying 2H25 Liquor store renewals EBIT EBIT2 Underlying EBIT2 (8.6%) (10.1%) +6.8% 118 normalised vs. pcp normalised vs. pcp completed in FY25 Notes: (1) eCom
Slide 25: Liquor – FY25 results
Liquor – FY25 results FY25 FY24 Normalised1 $m (52 weeks) (53 weeks) Change (52 weeks) Key commentary Key P&L items • Market remained subdued. However, sales growth was supported by Sales revenue 3,667 3,692 (0.7%) 1.1% new stores, strong trading across key events, including Christmas and EBITDA – r
Slide 26: Outlook
Outlook Outlook Since 2018, Coles has distributed more than $2.5 million in sports equipment grants to grassroots24 Little Athletics clubs and centres through the Coles Little Athletics Community Fund.
Slide 27: Outlook
Outlook • In the first eight weeks of FY26, sales revenue increased by 4.9% (7.0% ex-tobacco) supported by strength in We remain focused on delivering value to enable our customers to volumes as we continue to invest in customer value and experience. Our eCommerce sales have also shop with confidenc
Slide 28: Q&A
Q&A 26 Team members Georgia and Iman at our Chadstone Village store.