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Australian Agricultural Company Limited (ASX:AAC)

ALERT: Price-sensitive ASX Announcement for AAC
Current share price for AAC : $1.340 0.045 (3.47%)+
Announcement
Release
21 May 2026 8:16AM
Price at Release
$1.295
Full Release
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Summary
The Australian Agricultural Company Limited (AACo) reported a record Operating Profit of $71.6 million for FY26, with an Underlying Operating Profit of $80.6 million when adjusted for North Queensland floods. This marks a 23% increase from the previous period, driven by improved sales performance and strategic market allocations. Total revenue rose by 9% to $422.1 million due to price growth and sales execution. Despite the flood impact, the statutory Net Profit After Tax soared to $107.3 million, largely thanks to a $128.6 million increase in herd valuation. AACo's strategic investments, including efforts in Better Beef and land value unlocking, are credited with these results. Moving forward, AACo aims to sustain this growth trajectory into FY27, while managing emerging global challenges.
Key Points
  • AACo achieved a record Operating Profit of $71.6 million in FY26.
  • Underlying Operating Profit, excluding flood impacts, was $80.6 million.
  • Total revenue increased by 9% to $422.1 million.
  • Statutory Net Profit After Tax rose to $107.3 million.
  • A significant increase in herd valuation contributed to profits.
  • Strategic focus areas include Better Beef and land value unlocking.
  • AACo made capital investments to improve production and market reach.
  • Floods in North Queensland in early 2026 impacted financial results.
  • The company remains focused on sustaining growth into FY27.
  • Challenges such as global supply chain issues are being actively managed.
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.