Sydney, Feb 25, 2026, 17:58 AEDT — After-hours
- Shares in Brambles ended the day 1.1% higher at A$25.10, lifted alongside gains across the wider market
- A filing revealed the company repurchased 91,905 shares Tuesday, spending A$2.28 million.
- The buyback, company says, continues through June 30. Full-year results are set for release on Aug. 20.
Brambles shares climbed Wednesday, lifted by news of additional on-market buyback plans from the pallets and containers company. The stock finished 1.05% stronger at A$25.10.
Brambles is deploying capital in the market while the ASX hovers close to all-time highs and investors scrutinize earnings season for any hint of demand cooling. The buyback cuts the number of shares on issue, which can push up earnings per share, but the core business stays the same.
Brambles disclosed in its latest daily buyback update that it picked up 91,905 shares on Tuesday, spending A$2.28 million and paying between A$24.32 and A$24.90 per share. That lifts its total repurchases to 12.46 million shares since launching the program, which is slated to continue until June 30, 2026. Barrenjoey Markets is handling the buying, according to the filing.
According to a separate filing, Brambles will cancel 91,905 shares as part of the buyback, reducing its issued ordinary shares to roughly 1.36 billion. The cancellation is set for Feb. 26.
Brambles CEO Graham Chipchase, speaking on the half-year earnings call, said the company is still aiming to wrap up its US$400 million on-market share buyback by the end of FY26. He also pointed out that consumer demand remains soft in some major markets.
Brambles shares moved between A$24.72 and A$25.13 during the session, following a Tuesday close at A$24.84.
The S&P/ASX 200 pushed to a fresh record on Wednesday, climbing roughly 1.2%. That strength lent ongoing support to industrial stocks.
One risk for bulls: companies could dial back or halt buybacks if the market turns. And if goods volumes drop again, that impact would probably outweigh the usual stop-and-start repurchase activity.
Next, all eyes will be on Brambles to see if it continues snapping up shares during the ongoing market rally—and just how fast it uses up what’s left in its buyback program before its full-year results drop on Aug. 20.
