Australia · Delayed Price · Currency is AUD Select Harvests Earnings Call Transcripts
Fiscal Year 2025
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Net profit after tax surged to AUD 31.8 million on higher almond prices and operational gains, with strong cash flow and reduced debt. Strategic investments in processing and logistics, along with a positive almond macro, position the business for continued growth despite cost headwinds.
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First half 2025 net profit after tax rose to AUD 28.7 million, driven by higher almond prices and cost discipline, despite a smaller crop. Operating cash flow and balance sheet improved, with strong demand and pricing expected to continue into the second half.
Fiscal Year 2024
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Net profit after tax reached AUD 1.5 million, reversing last year's loss, as revenue surged 64% to AUD 337 million on record crop volumes and higher prices. Costs were tightly managed, gearing fell to 29% post-capital raise, and strong demand in China and India supports a positive outlook.
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A record 2024 crop and increased sales velocity support a positive outlook, with strong global almond demand and rising prices. An AUD 80 million capital raise will reduce debt and fund processing expansion, while logistics issues are being resolved and cost controls maintained.