• Wesfarmers Ltd (ASX:WES) shares were trading 2.65% higher at $79.43 during the 23 October 2026 session.
  • The FY26 results released on 27 August 2026 showed Revenue of $47,274 million and net profit after tax of $2,874 million.
  • A fully franked final Dividend of $1.20 per share took total Ordinary Dividends for the year to $2.22 per share.

Shares in Wesfarmers Ltd (ASX:WES) were trading 2.65% higher at $79.43 during the Trading session on 23 October 2026. For comparison, the S&P/ASX 200 Consumer Discretionary index (XDJ) was up 1.77%, or 65.10 points, at 3,742.80 at 1:31 pm AEDT, while the S&P/ASX 200 (XJO) was up 0.38% at 8,760.00 and the All Ordinaries was up 0.54% at 8,868.90. Wesfarmers is a diversified Australian group whose operations span home improvement, general merchandise, office supplies, chemicals and energy, and health. The company released its full-year results on 27 August 2026, and the details are summarised below.

Latest development: FY26 group results (27 August 2026)

On 27 August 2026, Wesfarmers reported FY26 revenue of $47,274 million, up 3.4% on the prior year. Earnings before interest and tax (EBIT) were $4,493 million, up 0.6% on the reported figure for FY25 and up 7.3% when FY25 significant items are excluded. Net profit after tax (NPAT) was $2,874 million, which was 1.8% lower than the prior year on a reported basis and 8.3% higher excluding significant items of $273 million after tax in FY25. Basic Earnings Per Share were 253.4 cents.

Operating cash flows were $4,272 million, a decrease of 6.5%. Wesfarmers attributed this to increased Working Capital in WesCEF and Wesfarmers Health, including higher spodumene inventories, additional fertiliser inventory purchased at elevated prices and added inventory contingency in the health division because of Middle East Supply disruptions. The company also paid a capital management distribution of $1.50 per share, totalling $1,703 million, in December 2025.

Latest development: divisional performance

Bunnings Group recorded revenue of $20,399 million, up 4.1%, and EBIT of $2,455 million, up 5.1%. Kmart Group revenue rose 2.8% to $11,751 million, with EBIT up 6.0% to $1,109 million. WesCEF revenue increased 5.9% to $3,138 million and EBIT rose 18.5% to $473 million, although earnings were affected by the timing of higher ammonia prices. Spodumene concentrate production was 209kt, and the lithium refinery ramp-up was affected by intermittent odour issues, with mitigation measures beginning to be installed late in the financial year.

Officeworks revenue rose 3.7% to $3,698 million, but EBIT fell 22.2% to $165 million, reflecting one-off costs from its transformation program. Wesfarmers Health revenue increased 9.1% to $6,474 million and EBIT rose 18.8% to $76 million. The company also announced that Blackwoods and Workwear Group would transition to Bunnings Group from 1 July 2026.

Latest development: dividend and operating update

The Wesfarmers board determined a fully franked final dividend of $1.20 per share, bringing total fully franked ordinary dividends for FY26 to $2.22 per share, up 7.8%. The release also noted that Bunnings, Kmart and Officeworks launched agentic shopping assistants named Buddy, Joy and Ollie, and that Scope 1 and Scope 2 emissions fell 21.9%.

About Wesfarmers and what it does

Wesfarmers is an Australian-listed group that operates a portfolio of businesses across several sectors. Its retail operations include Bunnings Group, Kmart Group and Officeworks, while WesCEF covers chemicals, energy and fertilisers and includes a lithium operation. Wesfarmers Health includes Priceline Pharmacy and a wholesale arm, and the Industrial and Safety businesses, Blackwoods and Workwear Group, now sit within Bunnings Group. The group also operates shared data, loyalty and retail media Assets across its retail divisions.

Risks and catalysts on watch

The release referred to ongoing cost-of-living pressures on households, uncertainty around inflation, house prices, interest rates and tax settings, and higher costs of doing business. It noted that residential building activity is expected to remain subdued in the short term. Items specific to the group include the lower Officeworks earnings, the timing of ammonia prices in WesCEF and the odour-related ramp-up issues at the lithium refinery.

Items that may attract attention include the integration of Blackwoods and Workwear Group into Bunnings Group, the installation of odour mitigation measures at the lithium refinery, the continued roll-out of marketplace and retail media offerings, and the Officeworks transformation program.

Final perspective

Wesfarmers shares were higher on 23 October 2026, in a session in which the consumer discretionary index also gained ground. The company's most recent update is its FY26 results of 27 August 2026, which showed higher revenue, mixed divisional earnings and a larger full-year dividend. Further announcements will be released through the ASX.