NPAT +19.4% on Agri-led growth, FY26 NPAT guidance lifted to $57-62m
Operating leverage and a working-capital release drove record cash flow even as capex nearly doubled and Agri carried the mix shift.
Published 21 April 2026
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Operating leverage and a working-capital release drove record cash flow even as capex nearly doubled and Agri carried the mix shift.
Published 21 April 2026
Read briefingRevenue grew 6.9% and PBT 9.7%, but a lower effective tax rate flattered NPAT to +16.2% while inventory build pulled operating cash flow lower.
Published 23 April 2026
Read briefingEarnings expanded on essentially flat revenue, but inventory days rose to 94.5 as working capital absorbed $6.9m of cash.
Published 23 April 2026
Read briefingFY23 inventory build unwinds at the half, driving the cash uplift; management still guides FY24 NPAT similar to prior year.
Published 23 April 2026
Read briefingNPAT up 6.5% benefited from a lower effective tax rate, while working-capital release rather than margin expansion drove the cash flow improvement.
Published 22 April 2026
Read briefingA 32% inventory build absorbed working capital and lifted net debt by $13.4m while the raised dividend now consumes 98.6% of pre-lease free cash flow.
Published 22 April 2026
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