Australia · Delayed Price · Currency is AUD Elders Earnings Call Transcripts
Fiscal Year 2026
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EBIT rose 33% year-over-year, driven by strong growth across divisions and successful Delta Ag integration, with most synergy benefits expected in the second half. Transformation projects are on track, and the outlook for Australian agriculture remains positive despite ongoing cost and supply chain risks.
Fiscal Year 2025
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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.
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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
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The AGM addressed a challenging year with a 25% drop in EBIT, board renewal, and major strategic moves including the Delta Agribusiness acquisition and a significant rights issue. Shareholder concerns over remuneration and succession planning led to a second strike, but the spill resolution failed.
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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.
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FY24 saw resilient performance despite a tough Q1, with EBIT at AUD 128 million and strong cash flow. The Delta Agribiz acquisition is expected to be EPS accretive and enhance diversification, with funding secured and completion targeted for mid-2025, pending ACCC approval.