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Bega Cheese Limited (ASX:BGA)

ALERT: Price-sensitive ASX Announcement for BGA
Current share price for BGA : $5.625 -0.445 (-7.33%)+
Announcement
Release
19 Feb 2026 7:55AM
Price at Release
$6.070
Full Release
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Summary
Bega Cheese Limited reported strong financial performance for the first half of FY2026, with a 5.0% increase in net revenue reaching $1.9 billion. The company achieved a normalized EBITDA of $133.4 million, up by 21% compared to 1H FY2025. Both branded and bulk segments showed improvement in profitability, driven by strong growth in yoghurt, milk, and culinary products. The company declared a 17% increase in interim dividend to 7.0 cents per share, reflecting a strong return on funds employed at 10.2%. Bega continues its strategic transformation, focusing on product innovation aligned with consumer trends, efficiency improvements through warehouse automation, and optimizing its chilled distribution network. The company maintains a leverage ratio at 1.2x and has set guidance to achieve $222m-$227m of normalized EBITDA for FY2026.
Key Points
  • Net revenue increased by 5.0% to $1.9 billion.
  • Normalized EBITDA rose by 21% to $133.4 million.
  • Profit after tax increased by 45.1% to $52.1 million.
  • Interim dividend increased by 17% to 7.0 cents per share.
  • Leverage ratio improved to 1.2x.
  • Continued strategic focus on product innovation and operational efficiency.
  • Guidance set for $222m-$227m of normalized EBITDA for FY2026.
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.