Highlights

  • Brambles Ltd (ASX:BXB) reported FY2026 sales Revenue from continuing operations of US$7,042.9 million, up 2% at constant currency.
  • Underlying Profit from continuing operations increased to US$1,494.4 million, while operating profit after tax reached US$948.5 million.
  • At the time of writing on 22 September 2026, Brambles Ltd (ASX:BXB) was trading at AUD 18.59, up 0.98% during today’s trading session.
  • The company generated US$1,048.2 million in free Cash Flow before dividends and declared a final Dividend of 23.15 US cents per share.

Brambles Ltd (ASX:BXB) is a global logistics and Supply chain solutions company operating primarily through its CHEP brand. The company provides reusable pallets, crates and containers that support supply networks across multiple regions. Brambles has released its FY2026 results, outlining Earnings performance, cash generation, operational developments and investments across its global network.

At the time of writing on 22 September 2026, Brambles Ltd (ASX:BXB) was trading at AUD 18.59, up 0.98% during today’s trading session.

Company Business

Brambles operates a global pooling model that connects supply chains through reusable logistics assets. The company operates across approximately 60 countries through its CHEP business, managing an asset pool of 352 million pallets, crates and containers through more than 750 service centres.

The company’s operations support manufacturers, retailers and other supply chain participants by providing shared-use logistics equipment. Its Business model is based on asset pooling, reuse and network management, with operations across North America, Europe, Asia-Pacific and other regions.

Brambles reported FY2026 sales revenue from continuing operations of US$7,042.9 million, representing a 2% increase at constant currency. Revenue growth included a 1% contribution from price realisation and 1% from Volume growth. Net new business growth of 3%, driven by US and European pallets businesses, partly offset lower like-for-like volumes linked to weaker consumer demand.

The company’s CHEP Americas segment generated FY2026 sales revenue of US$3,867.1 million, while CHEP EMEA contributed US$2,579.9 million and CHEP Asia-Pacific recorded US$595.9 million.

Recent Development

In August 2026, Brambles released its FY2026 results, reporting earnings growth, Margin expansion and free cash flow generation. Underlying Profit and operating profit from continuing operations increased 4% at constant currency to US$1,494.4 million.

Operating profit after tax from continuing operations increased 5% at constant currency to US$948.5 million. Basic Earnings Per Share from continuing operations increased 6% at constant currency to US 69.9 cents.

The company reported Return on Capital Invested of 22.6%, up 0.4 percentage points at constant currency. Cash Flow from Operations increased to US$1,472.5 million, while free cash flow before dividends was US$1,048.2 million.

Brambles also highlighted operational challenges in its US network during FY2026 due to repair capacity constraints. The company estimated that these constraints reduced Underlying Profit by approximately US$90 million during FY2026.

Financial Performance and Sector Context

Brambles’ FY2026 performance was supported by pricing actions, productivity improvements and cost management initiatives. Underlying Profit margin expanded by 0.6 percentage points as efficiency gains and price recovery measures offset inflation, Investment costs and US supply chain impacts.

Pooling Capital Expenditure to sales was 12.9%, reflecting investment in pallets and supply chain initiatives. The company reported US$1,105.1 million in capital expenditure on property, plant and equipment for continuing operations.

The industrials sector continues to be influenced by global supply chain conditions, Manufacturing activity, consumer demand, transport costs and operational efficiency requirements. Companies operating logistics networks are managing changing customer needs, automation investment and infrastructure requirements.

Brambles provided FY2027 guidance, expecting sales revenue growth of 2-4% at constant currency, Underlying Profit growth of 2-6% at constant currency and free cash flow before dividends between US$800 million and US$950 million.

Risks to Consider

Key risks include changes in global supply chain conditions, customer demand, labour availability, transport costs, inflation, Commodity input prices and operational disruptions.

The company also identified ongoing considerations related to US repair capacity, with expected FY2027 earnings impact from repair capacity constraints and additional investment requirements.

What to Watch Next

Future updates may include progress on US network repair capacity improvements, supply chain investments, digital initiatives and operational performance across regional markets.

Market participants may monitor FY2027 guidance delivery, free cash flow performance, customer Demand trends and developments related to Brambles’ Serialisation+ programme.

Key Insights

Brambles reported FY2026 sales revenue of US$7,042.9 million, Underlying Profit of US$1,494.4 million and free cash flow before dividends of US$1,048.2 million. The company continues to operate a global logistics pooling network while investing in supply chain resilience, digital capabilities and operational improvements.