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Showing 1-9 of 9 published briefings.
Headline earnings surged and ROE rose to 22.1%, yet operating cash flow fell and net debt more than doubled as inventory days tripled.
Published 22 April 2026
Read briefingA horticulture-led revenue mix shift drove margin expansion and deleveraging, while cash conversion deteriorated against an already negative prior...
Published 22 April 2026
Read briefingRecord underlying EBITDA of $91.7m is real but 92% of full-year NPAT landed in the first half, and the interim dividend was cut 29%.
Published 22 April 2026
Read briefingA swing from a $2.1m Horticulture loss to a $22.3m profit explains the step-change, but a $44.5m capex burst pushed net debt leverage to 1.33x EBITDA.
Published 22 April 2026
Read briefingRevenue fell 8.7% and PBT 34.7%, but a sharp working-capital release lifted cash, as gross borrowings rose 59.7% to $65.6m.
Published 22 April 2026
Read briefingHeadline NPAT fell 85% but the cleaner read is PBT down 59.6%, with net debt rising from near-zero to about 1.0x EBITDA.
Published 22 April 2026
Read briefingAttributable NPAT fell 27.9% to $19.4m and the final-instalment dividend was cut to 3.5c from 9.5c, even as the group moved to $24.7m net cash.
Published 22 April 2026
Read briefingGlobal Proteins now carries the group as Horticulture earnings collapsed, while a near-debt-free balance sheet offsets weak operating leverage.
Published 22 April 2026
Read briefingFood Ingredients drove the full-year uplift while a weaker H2 and a 38pp fall in cash conversion complicate the read.
Published 21 April 2026
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