Wesfarmers has seen a half-year growth in earnings, with Bunnings and Kmart leading the way for the ASX-listed conglomerate.
Taking home a net profit after tax (NPAT) of $1.8 billion, the group’s first-half revenues grew by 3.1 per cent to $28.5 billion.
In the first half of the 2026 financial year, group revenues grew by 3.1 per cent to $28.5 billion, with net profit after tax (NPAT) increasing by 9.3 per cent to $1.8 billion.
The group’s retail division, comprising Bunnings, Kmart, and Officeworks all recorded a growth in sales.
Wesfarmers has 42 Bunnings stores in New Zealand and 26 Kmart locations. Officeworks, the final brand in its retail division, has not crossed the Tasman.
Led by Bunnings’ 4 per cent sales growth to $12.5 billion, Kmart recorded the second-highest revenue for Wesfarmers at $7.5 billion, representing a 3.2 per cent increase.
“Bunnings and Kmart Group’s everyday low prices and leading offers continued to support sales and earnings growth, with a sustained focus on productivity enabling operating leverage,” Wesfarmers MD and CEO, Rob Scott, said.
“Bunnings demonstrated the strength of its offer, with higher sales across all product categories, operating regions and in both consumer and commercial segments. Kmart Group’s increased earnings were supported by the market-leading value of its Anko product ranges and focus on productivity and cost control.”
Wesfarmers said that Bunnings grew across all categories and regions, across both consumer and commercial segments. It also cited the success of Bunnings’ Hammer Media, Bunnings’ retail media network.
