Metcash (ASX:MTS) has announced its FY25 Half Year Results, showcasing a robust sales performance. The company reported a total revenue of $9.6 billion, marking a 6.3% increase from the previous year. The Food and Liquor divisions demonstrated significant growth, although the Hardware division encountered some challenges due to weaker market conditions.
Metcash's FY25 Half Year Results highlight a successful period with $9.6 billion in revenue, driven by significant growth in the Food and Liquor divisions. The company reported an EBIT of $246.1 million and a profit after tax of $141.8 million. The Food division's revenue increased by 10%, partly due to the acquisition of Superior Foods, while the Liquor division's sales also rose by 2.1%. However, the Hardware division faced headwinds with an EBIT decline of 15.1% due to market challenges. Metcash is focused on cost management, working capital optimization, and strategic acquisitions to bolster its market position. The company is committed to sustainability and ESG targets, and is well-positioned to navigate future market conditions while driving growth and shareholder value.
The results show strong sales performance, particularly in our Food and Liquor divisions. Despite challenges in the Hardware division, we are maintaining our diversified portfolio strategy to support thriving local communities and successful independents.