Wesfarmers Ltd Old (WFAFF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.340 Ladies and gentlemen, thank you for holding and welcome to the West Farmers 2026 00:00:05.340 -- 00:00:07.804 half-year results briefing. 00:00:07.804 -- 00:00:10.828 Your lines will be muted during the briefing. 00:00:10.828 -- 00:00:15.456 However, you will have an opportunity to ask questions immediately afterward and instructions 00:00:15.456 -- 00:00:19.222 will be provided on how to do this at that time. 00:00:19.222 -- 00:00:24.170 This call is also being webcast live on the West Farmers website and can be accessed 00:00:24.170 -- 00:00:27.312 from the homepage of westfarmers.com.au. 00:00:28.972 -- 00:00:33.198 I would now like to hand the call over to the Managing Director of West Farmers Limited, 00:00:33.198 -- 00:00:35.461 Mr. Rob Gull. 00:00:35.461 -- 00:00:40.328 Thanks very much, and hello, everyone. Welcome to our 2026 half-year results briefing. 00:00:40.328 -- 00:00:44.954 I'm joined here today in Perth with all of our Divisional Managing Directors and our 00:00:44.954 -- 00:00:50.422 CFO, Anthony Gianotti. I'll begin, as I always do, with a summary of the group's performance, 00:00:50.422 -- 00:00:54.708 highlights across the portfolio, and then Anthony will talk about through the financial 00:00:54.708 -- 00:00:59.396 results in more detail, and I'll conclude with some comments on group outlook, and then 00:00:59.396 -- 00:01:03.082 all of us would be very happy to take your questions. 00:01:03.082 -- 00:01:08.471 So starting on slide four, a slide that will be familiar to most of you, 00:01:08.471 -- 00:01:12.838 West Farmer's primary objective is to deliver a satisfactory return to shareholders. 00:01:12.838 -- 00:01:17.205 We define satisfactory as a top quartile opportunity total shareholder return over the ...