Key highlights

  • Brambles (ASX:BXB) the stock finished the session at $20.34, up approximately 0.89% on 19 October 2026, and the shares are down approximately 18.90% over the past year.
  • The 20 August 2026 release reports sales revenue of US$7,042.9 million and Underlying Profit of US$1,494.4 million, up 4% at constant currency.
  • FY26 dividends total 46.15 US cents per share, and the company guides FY27 Underlying Profit growth of 2% to 6%.

Brambles (ASX:BXB) provides pallet and container pooling services through its CHEP network in supply chains worldwide. On 19 October 2026, the stock finished the session at $20.34, up approximately 0.89%. Over the longer term, the shares are down approximately 18.90% over the past year. On 20 August 2026, the company released its full-year results for the year ended 30 June 2026, including earnings, cash flow, a final dividend and FY27 guidance.

FY26 results

Sales revenue from continuing operations was US$7,042.9 million, up 2% at constant currency, with equal contributions from price and volume. Underlying Profit and operating profit were US$1,494.4 million, up 4%, after a roughly US$90 million adverse effect from repair capacity constraints in the United States; excluding that, Underlying Profit rose about 11%. Basic EPS from continuing operations rose 6% to US 69.9 cents and return on capital invested was 22.6%.

Cash flow and capital management

Free cash flow before dividends was US$1,048.2 million, down US$46.7 million. The final dividend is 23.15 US cents, taking total FY26 dividends to 46.15 US cents, up 16%, at a 64% payout ratio. Brambles completed US$509 million of on-market share repurchases in FY26 and has a further program of up to US$400 million, with US$109 million purchased in FY26, to be completed in FY27.

Operations and FY27 outlook

The company says it expects to resolve the US repair capacity constraints by the end of the first half of FY27, with pallet purchases and supply chain investments improving service levels. It expects to use the remaining 3.4 million excess pallets in the US by the end of FY28.

For FY27, Brambles expects sales revenue growth of 2% to 4% at constant currency, Underlying Profit growth of 2% to 6% and free cash flow before dividends of US$800 million to US$950 million. Underlying Profit is expected to be weighted to the second half, with a mid-to-high single-digit decline in the first half.

The release provides further operating detail. Net new business growth was 3%, driven by the US and European pallet businesses, while like-for-like volumes were lower across the group because of softer consumer demand. The pooling capex-to-sales ratio was 12.9%, helped by using 0.6 million excess pallets in the US. Free cash flow after dividends was US$442.1 million, down US$121.3 million. The rollout of an Effortless Service Offer in Chile is described as strengthening confidence in the Serialisation+ initiative.

Reading the share price change

The share price of Brambles is down approximately 18.90% over the past year. That figure measures price movement only. It does not include dividends or franking credits, and the exact amount depends on the start and end dates used, which is why it is described as approximate here. A share price that is approximately 18.90% lower over the period reflects market expectations and conditions across many factors at once, not only the company’s most recent results.

On 19 October 2026 the shares moved approximately 0.89% on the day, which is one session within that longer period. The results referred to in this article cover a period that ended before 19 October 2026 and were released on a different date to the share price figures quoted. For that reason, this article does not treat the share price change as a response to the announcement.

Sector backdrop

The benchmark index finished the 19 October 2026 session higher. The S&P/ASX 200 (ASX: XJO) stood at 8,845.70 at 4:25 pm (GMT+11) on 19 October 2026, up 0.44%, or 39.00 points, for the day. On the sector map, Industrials rose 0.93%. More broadly, Energy rose 2.16%, Industrials 0.93%, Financials 0.85%, Utilities 0.38% and Consumer Staples 0.25%, while Information Technology fell 1.35%, A-REIT 0.34%, Consumer Discretionary 0.18%, Telecommunication Services 0.16% and Health Care 0.13%.

Risks shareholders should weigh

The company expects first-half FY27 Underlying Profit to fall before recovering in the second half, and it cites softer consumer demand reducing like-for-like volumes. Repair capacity constraints in the United States remain a cost until resolved, and free cash flow guidance for FY27 is lower than the FY26 figure.

What’s next

Brambles will work to resolve US repair constraints by the end of 1H27 and complete its US$400 million share repurchase in FY27.