The Endeavour Group share price is in focus after the company posted preliminary full-year results, highlighting a 1.3% rise in total sales to $12.2 billion, but a fall in underlying profit after tax to $363 million.
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What did Endeavour Group report?
- Total group sales climbed 1.3% year over year to $12,212 million.
- Retail sales edged up 0.7% to $10,016 million; hotels sales rose 4.2% to $2,196 million.
- Total group underlying EBIT dropped to $845 million from $926 million in FY25.
- Underlying NPAT fell to $363 million, down from $426 million last year.
- Significant items after tax totalled $311 million, mostly non-cash write-downs and one-off costs.
What else do investors need to know?
The group's bottom line was impacted by $372 million in pre-tax significant items, mainly related to non-cash asset write-downs across legacy technology, property, and inventory, as part of a broader strategic review. Cash costs were also booked for restructuring, the establishment of a new business services function, and the transition relating to its agreement with Woolworths to close the Melbourne Liquor Distribution Centre in 2028.
Endeavour is simplifying its operations, including rationalising its portfolio—impairing 75 retail stores, 25 hotels, and adjusting the value of vineyards now set for closure or sale. Some of these moves aim to help the business focus on key areas and support its ongoing transformation.
What did Endeavour Group management say?
Jayne Hrdlicka, Endeavour Group Managing Director and CEO, said;
After a comprehensive review of our portfolio, we have reassessed the carrying value of some of our assets including legacy technology systems, wineries and vineyards and a small number of Retail stores and Hotels. Following the reset of our asset base and simplification of our portfolio we are now well placed to focus our capital and resources on maximising the value of our core businesses through our multi-year business transformation strategy.
What's next for Endeavour Group?
Management has flagged that the significant items and portfolio simplification are setting the business up to streamline operations and concentrate investment in its core retail and hotels brands moving forward. The group will provide more details in its final audited results and full-year presentation on 24 August 2026.
Endeavour's outlook includes ongoing cost reductions, business transformation, and targeting greater returns from a more focused asset base. Investors can expect the company's dividend policy to remain based on underlying NPAT.
Endeavour Group share price snapshot
It has been a tough 12 months for the Endeavour Group share price. During this time, the drinks giant's shares have fallen 14%, which compares unfavourably to a 4.3% gain by the S&P/ASX 200 index (ASX: XJO).
