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Australian Agricultural Projects Limited (ASX:AAP)

ALERT: Price-sensitive ASX Announcement for AAP
Current share price for AAP : $0.056 -0.012 (-17.65%)+
Announcement
Release
29 Jul 2026 12:09PM
Price at Release
$0.068
Full Release
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Summary
Australian Agricultural Projects Limited (AAP) provided its quarterly update and Appendix 4C for the period ending June 2026. The company reported an annual harvest yielding 639,900 litres of oil, despite reduced yields due to cooler climatic conditions. A significant portion of this production, 96%, qualified as premium extra virgin olive oil. The company highlighted stable retail pricing for Australian extra virgin olive oil and emphasized its focus on strong orchard management and quality commitment. Financially, AAP recorded an operating cash outflow of $815,000 for the quarter, aligning with expectations due to harvest-related expenses. They also reported borrowing activities amounting to $1,959,000. The company expects positive cash flows in the following quarters as sales from the 2026 harvest are realized. The post-harvest strategy includes debt reduction and infrastructure investment, aiming to enhance shareholder returns and strengthen the balance sheet.
Key Points
  • Annual harvest yielded 639,900 litres of oil.
  • 96% of production qualifies as premium extra virgin olive oil.
  • Stable retail pricing for extra virgin olive oil noted.
  • Operating cash outflow of $815,000 recorded.
  • Borrowing activities totaled $1,959,000 during the quarter.
  • Positive cash flows expected in the next quarters.
  • Post-harvest strategy focuses on debt reduction and infrastructure investment.
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.