Slide 1: Half-Year Results Presentation
25 February 2026 ASX Market Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000 Half-Year Results Presentation Attached for release to the market is the Half-Year Results Presentation for the period ended 4 January 2026. Authorised by: Dom Millgate, Group Company
Slide 2: Woolworths Group 2026 Half-Year Results
25 February 2026 Woolworths Group 2026 Half-Year Results For the 27 weeks ended 4 January 2026 Amanda Bardwell, Managing Director and CEO Stephen Harrison, CFO
Slide 3: Acknowledgment of Country
2 Woolworths Group Half-Year Results 2026 Acknowledgment of Country Woolworths Group acknowledges the many Traditional Owners of the lands on which we operate and pay our respects to their Elders past and present. We recognise their strengths and enduring connection to lands, waters and skies as the
Slide 4: Contents
3 Woolworths Group Half-Year Results 2026 Contents 4 H26 Group summary Amanda Bardwell We create better 19 Group financial results and capital management experiences together for a Stephen Harrison 27 Current trading and outlook Amanda Bardwell better tomorrow
Slide 5: H26 Group summary
4 Woolworths Group Half-Year Results 2026 H26 Group summary Performance improvement across the Group with momentum in Australian Food Group sales Group eCom sales Performance improvement across the Group with all segments growing EBIT on the prior year $37.1b $5.4b Customer momentum building through
Slide 6: Price still top priority for Australian customers
5 Woolworths Group Half-Year Results 2026 Price still top priority for Australian customers as value-seeking behaviours continue % of customers ranking top three attributes when choosing Top Australian value-seeking behaviours, % of all shoppers 12-month 3-month where to do their main grocery shop c
Slide 7: Driving momentum in Woolworths Food Retail
6 Woolworths Group Half-Year Results 2026 Driving momentum in Woolworths Food Retail Value Fresh Availability Convenience Expanded Lower Shelf Price program Team hour investment in Bakery Higher stock weight on aisle On Demand reach increased with 350+ new products in H1; now and Fresh ends on promo
Slide 8: Improved customer scores and stronger sales momentum led by items
7 Woolworths Group Half-Year Results 2026 Improved customer scores and stronger sales momentum led by items Woolworths Food Retail VOC NPS (Store and Online)1 Woolworths Food Retail item growth2 (%) +10pts vs. Dec’24 52 42 Q3 F25 Q4 F25 Q1 F26 Q2 F26 Q3 F26 (7 wks) Dec-24 Mar-25 Jun-25 Sep-25 Dec-25
Slide 9: Transforming our digital experience
8 Woolworths Group Half-Year Results 2026 Transforming our digital experience to make it easier to shop in store and online More ways to help customers shop 31m Transforming digital shopping assistant Olive average weekly visits to Group digital platforms ↑ 3.1% vs. H1 F25 Through agentic AI, extend
Slide 10: Extending lead in On Demand
9 Woolworths Group Half-Year Results 2026 Extending lead in On Demand to provide customers with more convenience Woolworths Food Retail 1,127 On Demand eCommerce sales ($) 81% Total store network1 CAGR at the end of H1 Direct to Direct to Boot Boot Now 778 573 +23 locations +60 locations Q2 F24 Q3 F
Slide 11: Progress on strategy for long-term sustainable growth
10 Woolworths Group Half-Year Results 2026 Progress on strategy to position Group for long-term sustainable growth Purpose: We create better experiences together for a better tomorrow Our unique Medium-term Financial strengths strategic priorities aspiration • Iconic Australian and Become first Grow
Slide 12: Progress on Australian Food strategic priorities
11 Progress on Australian Food strategic priorities with H2 focus Woolworths Group Half-Year Results 2026 unchanged Priority Become first Priority Priority Grow Medium-term Improve returns 1 2 3 choice for complementary in NZ Food and strategic priorities the Freshest Australian Food BIG W businesse
Slide 13: Improvement in New Zealand and BIG W
12 Woolworths Group Half-Year Results 2026 Improvement in New Zealand and BIG W Priority Become first Priority Priority Grow Medium-term Improve returns 1 2 3 choice for complementary in NZ Food and strategic priorities the Freshest Australian Food BIG W businesses and services New Zealand Food BIG
Slide 14: Strong contribution from complementary businesses and services
13 Woolworths Group Half-Year Results 2026 Strong contribution from complementary businesses and services Priority Become first Priority Priority Grow Medium-term Improve returns 1 2 3 choice for complementary in NZ Food and strategic priorities the Freshest Australian Food BIG W businesses and serv
Slide 15: Leadership changes and cost savings
14 Woolworths Group Half-Year Results 2026 Leadership changes, execution improvements and cost savings enabling delivery of priorities Deliver customer Embed simpler Make every Supported by leading loyalty, and retail excellence ways of working dollar count tech & AI capabilities Ongoing improvement
Slide 16: Multi-year journey to build AI foundations
15 Woolworths Group Half-Year Results 2026 Multi-year journey to build AI foundations delivering strong results 2013 2017 2019 2021 2023 2024 WooliesX LABS Initial investment in Established WooliesX to Created Woolworths Data Increased investment Launched wiqLABS Roll out of Gemini to Quantium to de
Slide 17: H1 sustainability highlights
16 Woolworths Group Half-Year Results 2026 H1 sustainability highlights 100m meals 100% green 600+ 12.32 electricity stores TRIFR ↓ donated to Australians in need over the last decade in and SBTi 2030 net zero with soft plastic recycling Total Recordable Injury partnership with OzHarvest scope 1 & 2
Slide 18: Contents
17 Woolworths Group Half-Year Results 2026 Contents 4 H26 Group summary Amanda Bardwell We create better 19 Group financial results and capital management experiences together for a Stephen Harrison 27 Current trading and outlook Amanda Bardwell better tomorrow
Slide 19: Group financial results and capital management
18 18 Woolworths Group Half-Year Results 2026 Group financial results and capital management
Slide 20: H26 financial results
19 Woolworths Group Half-Year Results 2026 H26 financial results 3.4% Group sales ($m) ↑ vs. H25 Group EBIT1 ($m) ↑ 14.4% vs. H25 Group sales increased Group EBIT1 increased by 3.4% with all trading by 14.4%. Group EBIT segments reporting ex IA and supply chain higher sales on the transition costs i
Slide 21: Group trading performance
20 Woolworths Group Half-Year Results 2026 Group trading performance 3.5% ex IA and supply chain costs H26 sales summary H26 EBIT summary 2.6% ex IA $ MILLION H26 H251 CHANGE $ MILLION H26 H251 CHANGE Australian Food 27,626 26,674 3.6% Australian Food 1,510 1,373 9.9% Australian B2B2 3,128 2,982 4.9
Slide 22: Working capital and ROFE
21 Woolworths Group Half-Year Results 2026 Working capital and ROFE Average inventory and payables days1 • Average inventory days were unchanged on the prior year • Australian Food, New Zealand Food and Australian B2B average Inventory Payables inventory days declined on the prior year offset by BIG
Slide 23: Capital management framework
22 Woolworths Group Half-Year Results 2026 Woolworths Group capital management framework Strong growth Leading market opportunities in Defensive Iconic Australian and Strong underlying positions in Food complementary characteristics New Zealand brands cash flow and Everyday Needs businesses and thro
Slide 24: Cash flow
23 Woolworths Group Half-Year Results 2026 Cash flow $ MILLION H26 H25 CHANGE Group EBITDA before significant items1 3,206 2,956 8.5% Cash flow from operating activities before interest and tax of $3.2b, up 4.5% driven by EBITDA growth somewhat offset by Working capital and non-cash movements (50) 6
Slide 25: Operating capex below prior year
24 Woolworths Group Half-Year Results 2026 Operating capex below the prior year reflecting prioritisation of capital spend Sustaining capex ($m) H25 H26 $ MILLION H26 H25 170 SIB Sustaining capex 600 762 151 297 Renewals 31.1 201 Growth capex 313 239 97 Supply Chain 73 Operating capex 913 1,001 117
Slide 26: Dividends and funding
25 Woolworths Group Half-Year Results 2026 Dividends and funding 45 cps interim dividend Dividends (cents per share) Interim Final Special 144 • Fully franked interim ordinary dividend of 45 cps, up 15.4% on the prior year, broadly consistent with NPAT increase (excluding significant items) 40 84 •
Slide 27: Contents
26 Woolworths Group Half-Year Results 2026 Contents 4 H26 Group summary Amanda Bardwell We create better 19 Group financial results and capital management experiences together for a Stephen Harrison 27 Current trading and outlook better tomorrow Amanda Bardwell
Slide 28: Current trading and outlook
27 Woolworths Group Half-Year Results 2026 Current trading and outlook Strong trading in Australian Food for the first seven weeks of H2. Woolworths Food Retail sales up 5.8% or 7.2% (ex Tobacco) Current growth rates reflect some benefit from cycling residual IA impacts in the prior year While custo
Slide 29: Q&A
Q&A Woolworths Group Half-Year Results 2026 28
Slide 30: Appendix
Appendix Woolworths Group Half-Year Results 2026 29
Slide 31: Woolworths Group Half-Year Results 2026
Woolworths Group Half-Year Results 2026 30
Slide 32: Australian Food
31 Woolworths Group Half-Year Results 2026 Australian Food Sales ($m) EBIT ($m) ROFE (%) H26 H251 Change Total sales ($m) 27,626 26,674 3.6% ↑ vs.9.9% EBITDA ($m) 2,587 2,400 7.8% H25 3.6% ↑ vs. H25 EBIT ($m) 1,510 1,373 9.9% ↓ 80 bps vs. H25 Gross margin (%) 28.6 28.6 8 bps CODB (%) 23.2 23.4 (24)
Slide 33: Australian Food by business
32 Woolworths Group Half-Year Results 2026 Australian Food by business SALES PERFORMANCE BY BUSINESS ($m) DAP & EBIT PERFORMANCE BY BUSINESS ($m) H26 H251 Change H26 H251 Change Woolworths Food Retail Woolworths Food Retail 27,293 26,373 3.5% 1,344 1,274 5.4% (Stores and eCommerce)2 (Stores and eCom
Slide 34: Progress against strategic priorities
33 Woolworths Group Half-Year Results 2026 Progress against strategic priorities Best of Products you Easiest ways Consistent & Execution Australian Fresh love and need to shop meaningful value excellence Improved Fruit & Veg VOC Launched 240+ new own Continued investment in Improved customer value
Slide 35: Australian Food – WooliesX highlights
34 Woolworths Group Half-Year Results 2026 Australian Food – WooliesX highlights eComX EverydayX Cartology Supported continued growth in On Demand with Direct to Boot Now added to 60 locations in H1; 10.6 million active members, up 3.8% vs. H25 Roll out of Cartology Health & Beauty and announced new
Slide 36: Australian B2B
Australian B2B Woolworths Group Half-Year Results 2026 35
Slide 37: Australian B2B
36 Woolworths Group Half-Year Results 2026 Australian B2B SALES PERFORMANCE BY BUSINESS ($m) H26 H25 Change B2B Food 1,943 1,780 9.2% B2B Supply Chain 1,185 1,202 (1.5)% Total Australian B2B sales 3,128 2,982 4.9% B2B Food B2B Supply Chain Strong sales and double-digit EBIT Strong PC+ EBIT growth th
Slide 38: Woolworths Group Half-Year Results 2026
Woolworths Group Half-Year Results 2026 37
Slide 39: New Zealand Food
38 Woolworths Group Half-Year Results 2026 New Zealand Food Differentiate range through Deliver more Strong core price proposition Network rebranding and new Fresh and own brand convenient ways to shop store operating structure Evolved own brand portfolio with launch eCommerce sales up 13.9% in H1 d
Slide 40: W Living
W Living 33 Woolworths Group Half-Year Results 2026 39
Slide 41: W Living
40 Woolworths Group Half-Year Results 2026 W Living H26 H251 Change Total sales ($m) 3,143 3,061 2.7% EBITDA ($m) 222 183 20.4% EBIT ($m) 96 33 185.6% Sales ($m) EBIT ($m) ROFE (%) EBIT to sales (%) 3.0 1.1 195 bps ROFE (%) 1.6 0.6 96 bps 2.7% ↑ 185.6% 96 bps ↑ vs. ↑ vs. H25 vs. H25 H25 SALES PERFOR
Slide 42: BIG W
41 Woolworths Group Half-Year Results 2026 BIG W Customer Great prices = Product love Easy experiences Strong foundations and team low cost New brand platform resonating New and improved ranges driving Value for Money VOC up 1 pt Total BIG W GTV sales up 5.8% on Improved stock flow and with customer
Slide 43: Glossary
42 Woolworths Group Half-Year Results 2026 Glossary Active Rewards members DAP Net Promoter Score (NPS) Return on Funds Employed (ROFE) Voice of Customer (VOC) Registered Everyday Rewards Directly-attributable profit includes A loyalty measure based on a single ROFE is calculated as EBIT before Exte
Slide 44: Disclaimer
43 Woolworths Group Half-Year Results 2026 Disclaimer This presentation contains summary information about Woolworths Group Limited (Woolworths Group) and its activities current as at the date of this presentation. It is sourced from and should be read in conjunction with Woolworths’ other periodic