Australia · Delayed Price · Currency is AUD Elders Earnings Call Transcripts
Fiscal Year 2025
-
EBIT rose 12% year-over-year, driven by diversified growth and strong agency, real estate, and feed segments. Delta Agribusiness acquisition enhances technical and geographic reach, with accelerated synergy targets. Positive FY 2026 outlook supported by improved seasonal and commodity conditions.
-
First half FY25 saw a 67% EBIT increase, driven by agency and real estate growth, with transformational projects nearing completion and benefits starting to flow. The outlook is positive, supported by improved weather and the pending Delta Agribusiness acquisition.
Fiscal Year 2024
-
The meeting reviewed a challenging year with a 25% drop in underlying EBIT, significant board renewal, and major strategic moves including the Delta Agribusiness acquisition and a $246M rights issue. Shareholder concerns over remuneration and succession led to a second strike, but the spill resolution failed.
-
FY24 EBIT reached AUD 128 million, with strong second-half recovery but margin pressure in key states. Delta Ag acquisition will expand geographic reach and add significant synergies, funded by equity and debt. FY25 outlook is positive with normalized conditions and transformation benefits expected.
-
FY24 results were resilient despite a tough Q1, with EBIT of AUD 128 million and strong margin growth in real estate and agency segments. The Delta Agribiz acquisition is expected to be EPS accretive, with synergies mainly from backward integration and a focus on maintaining financial discipline.