South Africa · Delayed Price · Currency is ZAR · Price in ZAc Astral Foods Earnings Call Transcripts
Fiscal Year 2025
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Revenue and profits grew strongly year-on-year, with a robust cash position and improved margins in the second half. Operational efficiencies, favorable feed costs, and industry consolidation supported performance, while bird flu and regulatory uncertainties remain key risks.
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Revenue grew 3.5% on higher volumes, but operating profit fell 51% due to input cost inflation and selling price pressure, resulting in negative broiler margins. Cash reserves improved, supporting a resumed dividend, while the outlook hinges on easing feed costs and recovering selling prices.
Fiscal Year 2024
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A dramatic turnaround saw profit before tax swing nearly ZAR 2 billion year-over-year, with revenue up 6.4% and all debt cleared. Operational efficiencies, improved margins, and strong cash flow enabled a dividend, while spare capacity positions the group for future growth.