Key highlights

  • Coles reported group sales Revenue of $45,580 million and EBIT of $2,322 million excluding significant items for the 52 weeks to 28 June 2026.
  • NPAT was $1,090 million, up 1.0%, or $1,255 million excluding significant items, up 13.7%.
  • Total fully franked dividends were 78 cents per share, up 13.0%, with FY27 Capital Expenditure expected to be about $1.55 billion.

Coles Group Limited (ASX:COL) released its 2026 full year results on 25 August 2026 for the 52 weeks to 28 June 2026. The release covered sales, earnings, dividends and Investment plans, and included a significant item related to a Federal Court judgment in Fair Work Ombudsman proceedings.

About Coles

Coles is one of Australia’s two largest supermarket operators and also runs a Liquor Business with brands including Liquorland and First Choice. It operates online and customer fulfilment centres alongside its store network.

Group results

Group sales revenue was $45,580 million, up 2.8%. EBIT excluding significant items was $2,322 million, up 9.9%. NPAT was $1,090 million, up 1.0%, while profit excluding significant items was $1,255 million, up 13.7%. Significant items of $235 million ($165 million after tax) were recorded following a Federal Court judgment received in September 2025 in Fair Work Ombudsman proceedings.

Total dividends were 78 cents per share fully franked, up 13.0%.

Supermarkets and digital

Supermarkets EBIT rose 12.2%, with Margin expansion of 43 basis points, and the company reported Market Share gains and improved customer satisfaction. Exclusive to Coles sales increased 6.1%. Supermarkets eCommerce sales grew 26.4% to $5.6 billion, with the customer fulfilment centres EBITDA positive in their second year of operation, and an expanded Partnership with Uber Eats supporting immediacy growth.

Simplify and Save to Invest benefits of $311 million were delivered during the year.

Liquor and FY27 investment

Liquor EBIT fell 47.8% to $59 million from $113 million, and EBITDA fell 19.1% to $199 million. Sales in the Liquor business were 3.3% lower. The company opened 16 new co-located liquor stores and is repositioning its Liquor network.

For FY27, total capital expenditure is expected to be approximately $1.55 billion, including around $190 million to establish the Coles Capability Centre. A new operating model is expected to generate efficiencies from FY27, rising to an annualised run rate of more than $100 million, and development and commissioning of a new automated distribution centre is expected to be completed by FY30.

Risks to consider

The Liquor business reported a decline in Earnings and sales, and the company is working to improve its performance. Significant items reduced reported NPAT, and legal and workplace matters can have financial effects.

Heavy investment in stores, automation, data and technology increases capital spending in FY27, and benefits from the new operating model are expected over several years. Grocery earnings are exposed to cost-of-living pressures, competition and regulatory scrutiny.

Catalysts to watch

Items to watch include progress on Liquor repositioning, FY27 capital expenditure of about $1.55 billion, the establishment of the Coles Capability Centre, operating model benefits commencing in FY27, and the development of the automated distribution centre through to FY30.