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Metcash shares: FY26 profit edges lower, dividend maintained

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A man in his 30s with a clipped beard sits at his laptop on a desk with one finger to the side of his face and his chin resting on his thumb as he looks concerned while staring at his computer screen.

The Metcash Ltd (ASX: MTS) share price is in focus after the wholesale distributor reported a steady result for the year ended 30 April 2026, with group revenue up 0.2% to $17.35 billion and underlying EBITDA rising 1.9% to $761.7 million.

What did Metcash report?

  • Group revenue increased 0.2% to $17.35bn. Including charge-through sales, total revenue rose 0.7% to $19.63bn.
  • Underlying EBITDA increased 1.9% to $761.7m.
  • Underlying profit after tax fell 2.4% to $268.8m.
  • Net profit attributable to members was $279.1m, down 1.5% year-on-year.
  • Fully franked final dividend of 9.5 cents per share declared, bringing total FY26 dividends to 18.0 cents per share.

What else do investors need to know?

Metcash reported good progress across its main business pillars. Its Food division saw EBIT lift 5.4% to $261.8m, with ex-tobacco sales growing 5.4%, though overall revenue was flat due to lower tobacco sales. Liquor revenue ticked up 1.0% to $5.4bn, with EBIT softening to $100.1m. Hardware & Tools delivered 4.3% revenue growth, though EBIT eased 6.3% to $177.3m, reflecting quieter trading conditions in some regions.

The company made a series of acquisitions, including Steve’s Liquor Warehouse and a 75% stake in Holliman’s Rural, expanding its presence in liquor retailing and regional markets. It also completed the integration of its Total Tools and Independent Hardware Group businesses and continued investing in Program Horizon, a long-term technology overhaul.

What’s next for Metcash?

Metcash reports a steady start to FY27, despite softer trading in May 2026 as some customers felt cost-of-living pressures. Conditions have since stabilised, with June trading tracking ahead of last year for both Food and Liquor. Hardware & Tools is showing continued second-half momentum, especially within the Total Tools brand. The business remains focused on improving competitiveness and supply chain capability, with a technology-led future as a goal for FY27 and beyond.

The board maintained its commitment to investing in the network while returning value to shareholders, underscored by the consistent dividend payout.

Metcash share price snapshot

Over the past 12 months, Metcash shares have declined 4%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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The post Metcash shares: FY26 profit edges lower, dividend maintained appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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