South Africa · Delayed Price · Currency is ZAR · Price in ZAc Astral Foods Earnings Call Transcripts
Fiscal Year 2026
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Record interim profit and margins driven by higher poultry prices, lower feed costs, and operational efficiencies. Strong cash position supports ongoing CapEx and dividend growth, while risks from bird flu and input volatility are actively managed.
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.