Wesfarmers Ltd Old (WFAFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for holding and welcome to the West Farmers 2026 half-year results briefing. Your lines will be muted during the briefing. However, you will have an opportunity to ask questions immediately afterward and instructions will be provided on how to do this at that time. This call is also being webcast live on the West Farmers website and can be accessed from the homepage of westfarmers.com.au. I would now like to hand the call over to the Managing Director of West Farmers Limited, Mr. Rob Gull. Thanks very much, and hello, everyone. Welcome to our 2026 half-year results briefing. I'm joined here today in Perth with all of our Divisional Managing Directors and our CFO, Anthony Gianotti. I'll begin, as I always do, with a summary of the group's performance, highlights across the portfolio, and then Anthony will talk about through the financial results in more detail, and I'll conclude with some comments on group outlook, and then all of us would be very happy to take your questions. So starting on slide four, a slide that will be familiar to most of you, West Farmer's primary objective is to deliver a satisfactory return to shareholders. We define satisfactory as a top quartile opportunity total shareholder return over the long term. And we recognise that we can only achieve this if we continue to anticipate the needs of our customers, look after our team members, engage with suppliers in a fair and ethical manner, contribute positively to the communities where we operate, take care of the environment and act with integrity and honesty. And over the last half, our teams and our divisions have made great progress in each of these areas, and you'll hear about this through the presentation. So turning to slide five, the financials. This half, We...