Brambles Limited (BXB) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thank you for joining our presentation of Bramble's first half results for the 2026 financial year. Today I'll be sharing the highlights of the first half, a detailed look at the operating environment as well as our progress against our strategic priorities. I'll then outline our revised outlook for FY26 before handing over to Joaquin to take you through the financials in more detail. Let's start with our first half performance highlights. Our first half result reflects the resilience we've built into the business and our disciplined execution on factors we can control to drive efficiencies across our operations and improve the customer experience. We achieved sales revenue growth of 2% with strong net new business growth offsetting consumer demand pressures on like for like volumes and pricing recovering cost to serve increases. Underlying profit was up 7%. reflecting meaningful operating leverage driven by supply chain and overhead productivity improvements together with disciplined cost management across the business. Higher earnings and sustained improvements in asset efficiency delivered robust free cash flow before dividends of US$482 million. As a result of this strong cash flow generation, we are pleased to declare an interim dividend of US$0.23 per share up 21% on the prior corresponding period. Our strong financial performance has enabled strategic reinvestments to strengthen our customer and investor value propositions over the long term. Chief among them are enhancements to the customer experience, encompassing platform quality, service reliability and responsiveness. These improvements continue to position us as the partner of choice for existing customers, while supporting considerable new business momentum in all regions. Cust...