Wesfarmers: total revenue 2024

In the 2024 financial year, the total revenue of Wesfarmers Limited was around 44 billion Australian dollars, indicating an increase from the previous year. Across the examined period, Wesfarmers Limited's revenue had increased constantly between 2020 and 2024.

Wesfarmers Limited

Headquartered in Perth, Western Australia, Wesfarmers Limited is a large conglomerate with diverse operations in the sale of retail, health, chemical, fertilizer, industrial, and safety products. As of 2023, the company firmly held the top spot among the leading retail companies listed on the Australian Securities Exchange (ASX) in Australia by market capitalization. Wesfarmers owns and operates Bunnings, the Kmart Group, WesCEF (Wesfarmers Chemicals, Energy, and Fertilizers), Officeworks, and WIS (Wesfarmers Industrial and Safety), and in March 2022, the company acquired API (Australian Pharmaceutical Industries). Wesfarmers’ net profit after tax increased slightly in financial year 2024 alongside a rise in the value of current assets.

Total revenue of Wesfarmers Limited from financial year 2019 to 2024 (in billion Australian dollars)

Characteristic	Revenue in billion Australian dollars
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Release date

August 2024

More information

Region

Australia

Survey time period

FY 2019 to FY 2024

Supplementary notes

*2019 income statement includes significant items relating to the following pre-tax (post-tax) items: gain on demerger of Coles, the gain on disposal of Bengalla, the gain on disposal of KTAS, the gain on disposal of Quadrant Energy, and provision for Coles supply chain automation.

**2020 income statement includes significant items relating to the following pre-tax (post-tax) items: impairment of the Target brand name and other assets, restructuring costs and provisions in the Kmart Group and an impairment to Industrial and Safety, offset by a gain on the sale of 10.1 percent of the interest in Coles, a gain of on the revaluation of the retained 4.9 percent interest in Coles, and a benefit of from the finalization of tax positions on prior year disposals.

***2021 income statement includes pre-tax (post-tax) restructuring costs in the Kmart Group.

Values have been rounded.

Australia's financial year runs from July 1 to June 30; for example, financial year 2020 starts on July 1, 2019 and ends on June 30, 2020.

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