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Duxton Farms Ltd (ASX:DBF)

ALERT: Price-sensitive ASX Announcement for DBF
Current share price for DBF : $0.450 -0.175 (-28%)+
Release
30 Apr 2026 3:29PM
Price at Release
$0.625
Full Release
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Summary
Duxton Farms Limited, trading under ASX:DBF, reported its quarterly activities and Appendix 4C cash flow for the quarter ending March 31, 2026. The report highlights a net operating cash outflow of $9.4 million for the quarter and $24.4 million year-to-date, largely attributed to the timing of agricultural input costs preceding harvest receipts. Despite these outflows, the company recorded net investing cash inflows of $10.8 million, driven primarily by the sale of properties, which was slightly offset by expenditures on development and equipment. Duxton Farms also faced operational challenges due to adverse weather conditions affecting their vineyards and apiary operations but continues to expand its domestic retail footprint with honey products and pursue international growth. Additionally, the company is working on expanding its financing facilities to support ongoing operations and has listed properties valued at $65.6 million to improve liquidity. The report also notes the company's strategic shift away from broadacre farming to enhance its exposure in horticulture, apiculture, and viticulture.
Key Points
  • Net operating cash outflow of $9.4 million for the quarter.
  • Year-to-date net operating cash outflow of $24.4 million.
  • Net investing cash inflows of $10.8 million from property sales.
  • Adverse weather impacted dried fruit and honey production.
  • Expansion in domestic retail footprint for honey products.
  • Property sales listed worth $65.6 million to improve liquidity.
  • Strategic shift to horticulture, apiculture, and viticulture.
  • Discussions with CBA for additional financing facilities.
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.