Wesfarmers Ltd Old (WFAFF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.115 -- 00:00:05.203 Well hello everyone and welcome to our 2025 full year results briefing and 00:00:05.203 -- 00:00:10.412 today I'm joined in Perth with our divisional managing directors and our CFO Anthony 00:00:10.412 -- 00:00:15.119 Giannotti. I'll start with providing a summary of the group's performance for the year 00:00:15.119 -- 00:00:19.827 together with some comments on our strategic progress. 00:00:19.827 -- 00:00:24.652 Anthony will then talk through the financial results in more detail Then I'll provide 00:00:24.652 -- 00:00:29.140 some broader comments on the portfolio and the outlook for the group. 00:00:29.140 -- 00:00:33.307 And then our divisional managing directors, Anthony and I, would be happy to take any 00:00:33.307 -- 00:00:39.299 questions. So starting on slide four, a slide that will be familiar to most of you. 00:00:39.299 -- 00:00:43.706 Westfarmers primary objective is to deliver a satisfactory return to shareholders. 00:00:43.706 -- 00:00:48.774 And we define satisfactory as a top quartile total shareholder return over the long 00:00:48.774 -- 00:00:53.341 term. And we recognise that we can only achieve this if we continue to anticipate the 00:00:53.341 -- 00:00:58.509 needs of our customers, look after our team members, engage with suppliers 00:00:58.509 -- 00:01:03.236 in a fair and ethical manner, contribute positively to the communities in which we operate, 00:01:03.236 -- 00:01:07.700 take care of the environment and act with integrity and honesty. 00:01:07.700 -- 00:01:14.452 Now turning to slide five. This year, Westfarmers net profit after tax increased 14.4%, 00:01:14.452 -- 00:01:17.798 and excluding significant items, profit increased 3.8%. 00:01:17.798 -- 00:01:19.798 Trading 00:01:19.922 -- 00:01:24.951 con...