Duxton Farms Ltd (ASX:DBF)

Duxton Farms Limited’s Appendix 4E Preliminary Final Report for the year ended 30 June 2026 shows a statutory net loss after tax attributable to shareholders of $40.324 million on continuing revenue of $18.114 million, with total revenue of $19.366 million including discontinued apple operations, as the group absorbed the effects of its 30 October 2025 merger acquisitions of Duxton Bees, Duxton Orchards including Duxton Apples, Duxton Dairies (Cobram) and Duxton Dried Fruits for total consideration of $76.865 million; the result was materially affected by non-cash and non-recurring items including goodwill impairments, asset impairments and revaluation decrements, business combination transaction costs and the impairment of the apples disposal group, with underlying normalised EBITDA reported at negative $12.921 million; the company reported segment losses across Agriculture, Viticulture, Apiculture and Horticulture, ended the year with net assets of $115.080 million and NAV of $1.07 per share, completed the sales of Merriment and Cowaribin, classified the Forbes aggregation and Duxton Apples as held for sale, recorded Duxton Apples as a discontinued operation with a $2.966 million loss, paid no FY2026 dividend, and noted a material going concern uncertainty dependent on asset sales, funding actions and refinancing, while the financial statements remained unaudited at the report date.