This week, senior leaders from our business led by our CEO and MD, Vikesh Ramsunder are participating in the 2026 Macquarie Australia Conference on 5 and 6 May, where Vikesh will provide key updates on Chemist Warehouse sales, our United Kingdom market entry, as well as an update on our New Zealand supply chain.
This flagship conference is the largest annual gathering of Australian companies with both domestic and international institutional investors. It attracts more than 800 institutional investors and features presentations from over 100 leading Australian and New Zealand companies. Sessions will explore key macroeconomic themes and the trends shaping business activity in the year ahead.
Key updates
Chemist Warehouse (CW) sales update
Strong sales momentum continues in Australian and international markets. Sales growth in the international stores in New Zealand, Ireland, Dubai and online in China have continued to strengthen.
The financial year to date growth rates for the Australian CW branded store network have remained strong even as we cycle the structural uplift from GLP1 sales in 2H2025. Growth in GLP1 sales is expected to continue.
“The Australian Chemist Warehouse branded store network continues to perform strongly, reflected in financial year to date sales growth,” said Vikesh. “The GLP1 sales uplift in these stores is expected to be an enduring benefit, with the average basket size of a GLP1 customer 40% higher in units.”
United Kingdom (UK) Market Entry
Sigma has signed a Memorandum of Understanding (MoU) with Greenlight Healthcare Limited (‘GreenLight’) that will see the Chemist Warehouse brand enter the UK market.
GreenLight is an employee-owned pharmacy group founded in London in 1999 and currently has 22 stores in and around London. Sigma will acquire a 75% interest in a number of stores, with 25% continuing to be held by GreenLight (‘JV’).
Under the JV, Sigma will licence the Chemist Warehouse brand and intellectual property, and provide retail support, including ranging, store layout, inventory management and marketing support. GreenLight will provide the dispensary and professional services requirements and backoffice support.
“International expansion is one of our four key strategic growth pillars,” said Vikesh. “Having proven that the Chemist Warehouse model resonates with customers in other markets, including New Zealand and Ireland, the JV with GreenLight now provides a measured market access into the UK.”
The parties intend to identify existing GreenLight pharmacies and where appropriate develop or relocate these into Chemist Warehouse stores. Phase one of the JV will focus on rebranding and developing up to five stores initially with the option for more stores in Phase 2 should these prove successful. The first site under the JV will be in Hoxton Street, northeast of the city of London.
“Sigma is currently well placed to navigate the global geopolitical challenges impacting many businesses,” said Vikesh. “We are absorbing increased fuel costs within existing financial targets and hold significant inventory in our DC network to service the market. We are currently not seeing any material disruption in our ability to source or deliver products or services at this point.”
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