BXB Analysis: Brambles 2025 AGM and FY25 Results Update |

Event: Brambles 2025 AGM and FY25 Results Update | Date: 2025-10-23 | Source: Brambles Investor Relations

Brambles Reaffirms FY26 Guidance Amid Solid FY25 Performance at AGM

Brambles Limited (ASX: BXB) held its 2025 Annual General Meeting on 23 October 2025, releasing FY25 financial results and reiterating FY26 guidance. Key highlights include constant-currency sales revenue growth of 3% (comprising 2% price realisation and 1% volume growth, driven by 2% net new business wins offsetting a 1% like-for-like decline), Underlying Profit growth of 10% with 1.3 percentage point margin expansion, and Free Cash Flow before dividends of US$1,095 million, up US$212 million year-over-year. The company also noted a 4-year CAGR of 8% in revenue and 14% in Underlying Profit at constant currency, with average annual Free Cash Flow before dividends of US$640 million. FY26 guidance was reaffirmed at 3-5% revenue growth, 8-11% Underlying Profit growth, and US$850-950 million Free Cash Flow before dividends, alongside an increased margin expansion target of at least 3 percentage points by FY28. Board changes were announced, including new directors, while the company continues its share buyback program. Source: Brambles 2025 AGM Presentation.