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Farm Pride Foods Limited (ASX:FRM)

ALERT: Price-sensitive ASX Announcement for FRM
Current share price for FRM : $0.265 -0.01 (-3.64%)+
Announcement
Release
29 Oct 2026 9:26AM
Price at Release
$0.275
Full Release
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Summary
Farm Pride Foods Limited (ASX: FRM) reported for the quarter ended 30 September 2026 that it generated net operating cash inflows of A$1.540 million on customer receipts of A$31.019 million, while continuing significant investment in farming, biosecurity, production and grading infrastructure. Investing cash outflows totalled A$7.948 million, comprising A$3.419 million for production and grading facility upgrades and A$4.529 million for farming and biosecurity enhancements, including development of a new hen rearing farm in central Victoria, where the first flock of hens was placed after quarter end. Financing inflows of A$4.189 million were received from borrowings, and after the quarter the company added a fifth component to its existing National Australia Bank facility, increasing the total limit from A$25.715 million to A$29.135 million. Cash and cash equivalents at 30 September 2026 were A$6.144 million, with A$8.595 million of undrawn facilities available, giving total available funding of A$14.739 million. Related party payments in the Appendix 4C totalled A$334,000, including A$216,000 to managing and non-executive directors and A$118,000 for egg and egg product purchases. The company said it remains focused on disciplined capital expenditure and operational improvements to lift efficiency, support biosecurity and production capability, and manage costs across the business.
Key Points
  • Farm Pride Foods Limited released a Quarterly Activities Report and Appendix 4C for the quarter ended 30 September 2026.
  • Net operating cash inflow for the quarter was A$1.540 million.
  • Receipts from customers were A$31.019 million.
  • Investing cash outflows were A$7.948 million for property, plant and equipment.
  • A$3.419 million of investment was directed to production and grading facility upgrades.
  • A$4.529 million was spent on farming and biosecurity enhancements, including a new hen rearing farm in central Victoria.
  • The first flock of hens was placed at the new hen rearing farm after quarter end.
  • Financing cash inflows from borrowings totalled A$4.189 million.
  • Cash and cash equivalents at 30 September 2026 were A$6.144 million.
  • Unused financing facilities at quarter end were A$8.595 million.
  • Total available funding at quarter end was A$14.739 million.
  • After quarter end, Farm Pride increased its NAB financing facility to A$29.135 million by adding a fifth component.
  • At quarter end, the NAB facility limit was A$25.715 million, with A$17.120 million drawn.
  • The NAB facility was secured over company assets and carried an interest rate of 7.19%.
  • Related party payments totalled A$334,000, including A$216,000 to managing and non-executive directors and A$118,000 for egg and egg product purchases.
  • Farm Pride described itself as a vertically integrated ASX-listed egg company focused on meeting growing demand for cage free eggs.
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.