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Farm Pride Foods Limited (ASX:FRM)

ALERT: Price-sensitive ASX Announcement for FRM
Current share price for FRM : $0.250 0.025 (11.11%)+
Announcement
Release
30 Apr 2026 9:47AM
Price at Release
$0.225
Full Release
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Summary
Farm Pride Foods Limited reported a net operating cash inflow of $1.756 million for the quarter ended 31 March 2026, with net receipts from customers amounting to $27.408 million. The company invested $1.888 million in infrastructure, mainly for a new hen rearing farm in Victoria. Despite facing challenges from increased egg supply and higher operational costs, Farm Pride renewed parts of its financing facility with National Australia Bank. The resignation of CFO Tony Enache was announced, with Michael Edelstein appointed to the position. Bank loan facilities totaled $27.568 million with $12 million drawn, secured with an interest rate of 6.64%, and the company had $15.568 million in unused financing facilities.
Key Points
  • Farm Pride Foods Limited reports net operating cash inflows of $1.756m for the quarter ended 31 March 2026.
  • Net receipts from customers during the quarter were $27.408m.
  • Cash outflows from investing activities totaled $1.888m, primarily for developing a new hen rearing farm in Victoria.
  • The company faces challenges due to increased egg supply and rising costs, including higher fuel expenses.
  • Successfully renewed financing facility portions with National Australia Bank.
  • Mr. Tony Enache resigned as CFO, with Mr. Michael Edelstein appointed as the new CFO effective 4 May 2026.
  • Total loan facilities at quarter end were $27.568m with $12m drawn and an interest rate of 6.64%.
  • Unused financing facilities available at quarter end were $15.568m.
  • Director's fees and managing director's salary are included in reported payments.
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.