Brambles Limited (BXB) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.736 Good morning everyone and thank you for joining our presentation of Bramble's first half 00:00:03.736 -- 00:00:08.944 results for the 2026 financial year. Today I'll be sharing the highlights of the first 00:00:08.944 -- 00:00:13.631 half, a detailed look at the operating environment as well as our progress against our 00:00:13.631 -- 00:00:15.834 strategic priorities. 00:00:15.834 -- 00:00:20.942 I'll then outline our revised outlook for FY26 before handing over to Joaquin to take 00:00:20.942 -- 00:00:24.284 you through the financials in more detail. 00:00:24.928 -- 00:00:28.891 Let's start with our first half performance highlights. 00:00:28.904 -- 00:00:33.591 Our first half result reflects the resilience we've built into the business and our disciplined 00:00:33.591 -- 00:00:39.019 execution on factors we can control to drive efficiencies across our operations 00:00:39.019 -- 00:00:42.100 and improve the customer experience. 00:00:42.724 -- 00:00:47.791 We achieved sales revenue growth of 2% with strong net new business growth 00:00:47.791 -- 00:00:52.959 offsetting consumer demand pressures on like for like volumes and pricing 00:00:52.959 -- 00:00:56.240 recovering cost to serve increases. 00:00:56.744 -- 00:00:59.363 Underlying profit was up 7%. 00:00:59.363 -- 00:01:04.488 reflecting meaningful operating leverage driven by supply chain and overhead productivity 00:01:04.488 -- 00:01:10.171 improvements together with disciplined cost management across the business. 00:01:10.834 -- 00:01:15.819 Higher earnings and sustained improvements in asset efficiency delivered robust free 00:01:15.819 -- 00:01:19.702 cash flow before dividends of US$482 million. 00:01:19.702 -- 00:01:21.484 As 00:01:21.484 -- 00:01:26.549 a result of t...