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Duxton Farms Ltd (ASX:DBF)

ALERT: Price-sensitive ASX Announcement for DBF
Current share price for DBF : $0.410 -0.06 (-12.77%)+
Announcement
Release
31 Jul 2026 9:57AM
Price at Release
$0.470
Full Release
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Summary
Duxton Farms Ltd, an Australian agricultural enterprise, reported its quarterly activities and financials for the period ending 30 June 2026. The company manages a diversified portfolio of farmland assets across six states, focusing on commodities like dried grapes, honey, cotton, and apples. In the quarter, Duxton Farms achieved significant almond pollination contracts and faced challenges with honey production due to dry conditions but noted a favorable market price increase. The company's financials showed a net operating cash outflow of $6.8 million for the quarter. They are strategizing to manage cash flows by selling their apple business and listing properties to address seasonal fluctuations. The company remains optimistic about meeting its business objectives by extending banking facilities and ongoing asset sales.
Key Points
  • Duxton Farms Ltd reported a net operating cash outflow of $6.8 million for the quarter.
  • The company secured almond pollination contracts totaling approximately 44,000 hives.
  • Honey production was impacted by dry conditions, producing 320 tonnes against a forecast of 660 tonnes.
  • The company plans to sell its apple business for $9.2 million.
  • Duxton Farms has listed three properties for sale with a book value of $65.6 million.
  • The financial report showed positive anticipation of future funding strategies.
  • The company is extending its banking facilities to manage seasonal cash flow needs.
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.