In this article, we discuss 5 largest Australian companies by revenue. If you want to see more largest Australian companies by revenue, go directly to 15 Largest Australian Companies by Revenue.
5. Fortescue
Revenue: $17.31 billion
Fortescue, otherwise known by its official name as Fortescue Metals Group Ltd, is a leading miner of iron ore in Australia. Established in 2003, Fortescue is a West Australian company that is one of the world’s lowest cost iron ore producers. Given increases in production, the company is shipping at an annual rate of more than 180 million tonnes. Since 2008, Fortescue has delivered more than 1.7 billion tonnes of iron ore delivered to its customers, many of whom are in China, Japan, and South Korea. With revenue of $17.31 billion in 2022 according to companiesmarketcap.com, Fortescue ranks #5 on our list of 15 Largest Australian Companies by Revenue.
4. Wesfarmers
Revenue: $25.23 billion
Wesfarmers is a leading Australian conglomerate that has home improvement, apparel and general merchandise, office supplies, and other operations. For the year ended June 30 2022, the company’s sales rose 8.5% year over year to A$36.838 billion. If Australia’s economy continues to expand, and Wesfarmers maintains its market share, the company’s sales could likely grow further in the long term.
3. Coles Group
Revenue: $27.08 billion
Coles Group is a leading Australian retailer with more than 2,500 retail outlets nationally including over 800 super markets. The company also has an e-commerce business. In terms of scale, the company is Australia’s second largest supermarket chain, ranking only behind Woolworths Group. Together, Coles Group and Woolworths Group sell around two thirds of Australia’s groceries.
2. Woolworths Group
Revenue: $41.86 billion
Woolworths Group ranks #2 on our list of 15 Largest Australian Companies by Revenue given the company had revenue of $41.86 billion for 2022 according to companiesmarketcap.com. Woolworths Group is Australia’s largest retailer. For the 14 weeks to October 2, 2022, which is the first quarter of the company’s financial year 2023, the company had group sales of A$16.363 billion, up 1.8% year over year versus first quarter of fiscal year 2022.
Woolworths Group CEO Brad Banducci said, “While year on year sales growth rates were impacted by the cycling of COVID in the prior year, customer shopping behaviours and the trading environment continued to normalise during the quarter. Pleasingly, customer scores have improved compared to H2 F22 but remain a key focus in the lead up to Christmas. In our Food businesses, sales were below the prior year as we cycled strong growth driven by COVID-related restrictions in F21 and F22. Australian Food sales decreased by 0.5% and New Zealand Food sales were down 2.5% compared to the prior year. On a three-year compound annual growth basis, sales in Australian Food were up 5.3% and up 4.7% in New Zealand Food.”
1. BHP Group
Revenue: $65.09 billion
BHP Group ranks #1 on our list of 15 Largest Australian Companies by Revenue given its revenues of $65.09 billion for 2022 according to companiesmarketcap.com.
BHP Group is a leading Australian miner that gets the majority of its sales from iron ore, copper and coal. According to Statista, iron ore accounted for $30.767 billion of BHP Group’s revenue in 2022, copper accounted for $16.849 billion, and coal accounted for $15.549 billion.
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