Sydney, June 18, 2026, 06:11 AEST
- Brambles cancelled 794,319 ordinary shares on June 18 following an on-market buy-back, paying or due to pay A$14.83 million for the shares. Company Announcements
- BXB finished at A$18.71 on June 17, moving between A$18.61 and A$19.04 for the day. The S&P/ASX 200 closed at 8,966.30. Yahoo Finance
- Brambles is moving ahead with the buy-back even as it lowers its FY26 sales and underlying profit growth forecasts. The company blamed repair-capacity issues in some areas of its U.S. network.
Brambles Limited is set for Thursday’s ASX open with new capital-management news. The pallet-pooling firm said 794,319 ordinary shares were cancelled as part of its ongoing on-market buy-back, according to a filing. Total consideration was A$14.83 million. Company Announcements
The Australian cash market was still closed at the dateline. The ASX pre-opening begins at 07:00 Sydney time and regular trading is from around 09:59:45 to 16:00, the exchange’s market timetable shows. Australian Securities Exchange
Brambles is depending on the buy-back as a key short-term support after last month’s sudden change in expectations. In May, the company said it planned a new on-market buy-back of up to US$400 million over the rest of FY26 and into FY27, depending on market conditions and other factors.
Brambles finished Wednesday at A$18.71, trading around 4 million shares. The S&P/ASX 200 gained 0.54% to close at 8,966.30, lifted by strength in the local market. BXB stayed well under its 52-week high of A$26.93. Yahoo Finance
Brambles said in its daily buy-back update it repurchased 4.09 million shares before the previous day and picked up another 794,319 yesterday. Barrenjoey Markets was listed as broker. The programme is set to run from June 1, 2026, to June 30, 2027. Company Announcements
Brambles is sending more capital back to shareholders, but the move comes as the operating outlook softens. The company lowered its FY26 sales revenue growth forecast to 2%–3%, down from 3%–4%. Brambles also cut its underlying profit growth guidance to 3%–5% from 8%–11%. The guidance figures are at constant FX, leaving out currency swings. Brambles defines underlying profit as earnings before some accounting or one-time items.
Brambles CEO Graham Chipchase said in May that “meeting our customers’ needs is non-negotiable” as the company tried to steady its U.S. operations. He warned the troubles will “weigh on FY26 and 1H27 financials,” but Brambles stuck with its FY28 margin-expansion target.
Brambles could face higher costs or a longer timeline for its operational fix than it now expects. The company has already warned of a US$60 million earnings impact. It cited U.S. repair-capacity issues, extra pallet moves, new pallet buys and higher short-term service-centre costs. Brambles also mentioned customer demand, lumber prices, global supply chains and forex as other factors.
Brambles operates away from other ASX-listed transport players like Qube and Aurizon. The company manages reusable pallet, crate and container pooling under brands like CHEP. Qube is focused on import-export logistics and Aurizon on rail freight. Brambles’ earnings discussion relies much more on pallet supply and repair than on port or rail freight numbers. Brambles Corporate Site
The big focus now is the FY26 result coming Aug. 20. Brambles plans to give investors an update on its U.S. network at that time. Until then, shares will probably move with daily buy-back action, signs that repair bottlenecks are easing, and proof that cash flow can support the buy-back.
