Astral Foods (ARL) Trading update summary

Trading performance highlights

• Strong demand for poultry products led to higher sales and increased broiler production volumes.

• Poultry selling prices recovered through 2025 after a period of deflation in 2024.

• Feed Division saw increased internal and external feed sales due to higher production volumes.

• Poultry margins improved thanks to favorable feed input costs and lower soft commodity prices.

• Cost base remained well-controlled, benefiting from higher production volumes and good farming performance.

Financial outlook and guidance

• EPS for the six months ending 31 March 2026 is expected to rise by at least 365% to R21.95.

• HEPS is expected to increase by at least 435% to R21.88 for the same period.

• Balance sheet remains healthy due to improved financial performance and prudent cash management.

• No significant business disruptions were experienced during the period.

• Further trading statement with detailed EPS and HEPS ranges will be released in April 2026.