Australian Agricultural Company (AAC) H2 2025 earnings summary

Executive summary

• Celebrated 200th year of operation, reflecting on heritage and future direction.

• Achieved operating profit of AUD 58.4 million, up 14% year-over-year, driven by higher sales volumes and disciplined cost management.

• Operating cash flow reached AUD 27.1 million, the highest in eight years, reflecting strong sales and cost control.

• Undertook a strategic refresh, launching new purpose, vision, and values to guide future growth.

• Registered first soil carbon project, expected to generate future Australian Carbon Credit Units.

Financial highlights

• Operating profit reached AUD 58.4 million, up 7.3% year-over-year, marking the third consecutive year above AUD 50 million.

• Total revenue increased by AUD 52 million to nearly AUD 388 million, a 15% rise from the prior year.

• Statutory net loss of AUD 1.1 million, a AUD 93.5 million improvement from the previous year, mainly due to unrealized mark-to-market herd value changes.

• Net tangible assets per share rose 2% to AUD 2.55.

• Cost of production per kilo increased 5% year-over-year to AUD 3.05/kg.

Outlook and guidance

• Global beef supply and demand expected to remain dynamic, with potential increased demand for Australian beef as U.S. supply contracts.

• Company remains focused on agility, leveraging its integrated supply chain and global distribution to capitalize on market shifts.

• Zero Net Emissions Ag CRC projects to commence in FY26, supporting supply chain resilience.

• Ongoing investments in supply chain infrastructure and sustainability initiatives to further boost productivity and resilience.

• Proactive asset and resource management positions the company to address global uncertainty and market volatility.