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Australian Agricultural Company Limited (ASX:AAC)

ALERT: Price-sensitive ASX Announcement for AAC
Current share price for AAC : $1.385 0.065 (4.92%)+
Announcement
Release
26 Mar 2026 4:34PM
Price at Release
$1.320
Full Release
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Summary
The Australian Agricultural Company Limited (AACo) provided an update on the impact of the 2025/2026 North Queensland floods on its properties. The flood affected approximately 280,000 to 300,000 hectares of land across AACo's Carrum, Dalgonally, and Canobie Stations. Thanks to mitigation efforts after the 2019 floods, such as the construction of flood refuge mounds and infrastructure elevation, cattle losses and property damage were less severe than anticipated. AACo estimated the loss of approximately 7,000 cattle, valued at $13 million, representing 1.5% of its total herd. The expected cost for infrastructure repairs and emergency measures is under $5 million, with the potential for some costs to be offset by federal and state funding applications. AACo's financial position remains strong with plans to continue its operations and strategies with minimal disruption.
Key Points
  • Monsoon trough affected 280,000-300,000 hectares
  • Mitigation efforts reduced cattle losses and damage
  • Estimated loss of 7,000 cattle, valued at $13 million
  • Infrastructure repair costs expected under $5 million
  • Potential offset from federal and state funding
  • Limited impact on FY26 financial position
  • AACo remains committed to its Better Beef strategy
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.