Highlights

  • FY26 sales Revenue reached US$7,043 million, an increase of 2% at constant currency.
  • Underlying profit increased 4% to US$1,494 million.
  • Free Cash Flow before dividends totalled US$1,048 million.

Brambles Limited (ASX:BXB) was trading at AUD 21.01, down 1.27% at the 28 October 2026 quotation. The company’s reported results and operating disclosures cover the financial performance, Business activities and other corporate measures described below.

Sales, profit and distributions

Brambles reported FY26 sales revenue of US$7,043 million, an increase of 2% on the constant-currency measure used in its results presentation. Underlying Profit reached US$1,494 million, up 4%. Free cash flow before dividends was US$1,048 million, representing an increase of US$47 million. The company reported total dividends of 46.15 US cents per share, an increase of 16%, with a stated Payout Ratio of 64%. It said approximately US$1.2 billion was returned to shareholders through dividends and share buybacks.

Operating conditions in the pallet network

The group described labour cost Inflation across its markets, particularly in the United States, where operator availability affected pallet repair activities. Fuel and transport costs also increased during the second half. Brambles said the weighted average Capital cost of a new pallet was 4% higher than in FY25. Its presentation discussed subdued consumer Demand in several markets, including the United States, Europe and Latin America, while also describing changes in customer activity ahead of major consumption events.

US service centres and repair work

Brambles reported repair-capacity constraints affecting parts of the central and northeastern US pallet network during the fourth quarter. The company identified several contributing factors, including increased repair requirements per pallet, staff availability, subcontractor changes and unexpected pallet relocations. It said higher customer demand ahead of consumption events also affected the network’s ability to serve existing activity and onboard new business. Management outlined actions aimed at restoring service levels during the first half of FY27.

Customer operations and network investment

The presentation described Investment in automation, digital systems and improvements to repair consistency across the pallet pool. It also discussed increasing use of automated handling by retailers and manufacturers and demand for consistent platform quality. Brambles stated that inventory optimisation by retailers and manufacturers affected its Australian market, while equivalent activity was not material in other key markets. The FY26 information separates completed financial performance from future operating plans and sustainability targets.