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Elders Limited (ASX:ELD)

ALERT: Price-sensitive ASX Announcement for ELD
Current share price for ELD : $5.630 -1.57 (-21.81%)+
Announcement
Release
18 May 2026 8:42AM
Price at Release
$7.200
Full Release
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Summary
Elders Limited announced its half-year results for the period ending 31 March 2026, reporting $76.6 million in underlying EBIT and a statutory profit after tax of $39.5 million. An interim dividend of 18.0 cents per share (100% franked) was declared. The results were driven by favorable seasonal conditions and contributions from Delta Agribusiness, acquired in November 2025. The company implemented a new divisional model to enhance accountability and efficiency, and continued progress on its Systems Modernisation program. Elders also announced the sale of Killara Feedlot, with proceeds expected to reduce debt. The company is focusing on managing challenges like elevated diesel prices due to geopolitical tensions and maintaining safety standards, reporting a decrease in its Total Recordable Injury Frequency Rate. The outlook for the second half of FY26 is positive, with expectations of improved financial metrics as integration benefits from Delta Agribusiness and proceeds from asset sales are realized.
Key Points
  • Underlying EBIT of $76.6 million and statutory profit after tax of $39.5 million reported.
  • Declared an interim dividend of 18.0 cents per share, 100% franked.
  • Favorable performance attributed to seasonal conditions and Delta Agribusiness.
  • Implemented a new divisional structure to improve business efficiency.
  • Sale of Killara Feedlot expected to complete in H2, classified as an asset held for sale.
  • Continued progress on Systems Modernisation with the third wave going live.
  • Safety performance improved with a decrease in the injury frequency rate.
  • Facing challenges with elevated diesel prices due to geopolitical tensions.
  • Positive outlook for H2 FY26 with expected benefits from acquisitions and asset sales.
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.