InvestSMART

Graincorp Limited (ASX:GNC)

ALERT: Price-sensitive ASX Announcement for GNC
Current share price for GNC : $5.520 -0.7 (-11.25%)+
Announcement
Release
14 May 2026 8:26AM
Price at Release
$6.220
Full Release
download
Summary
GrainCorp Limited announced its results for the first half of the 2026 financial year, ending 31 March 2026. The company reported an underlying EBITDA of $136 million and a net profit after tax of $5 million, reflecting a challenging global grain market characterized by oversupply and low pricing. Despite these challenges, GrainCorp maintained its FY26 earnings guidance, with an underlying EBITDA range of $200-240 million. The company's focus on cost management, capital discipline, and portfolio optimization helped it navigate market conditions, with minimal impact from the Middle East conflict noted. GrainCorp's strategic initiatives continue to bolster returns and diversify earnings across its agribusiness, nutrition, and energy segments. The interim dividend declared was 14 cents per share, fully franked. The company also extended its on-market share buy-back program and is progressing strategic initiatives, including feasibility work on enhancing canola crushing capacity to support renewable fuels.
Key Points
  • GrainCorp announced 1H26 results with underlying EBITDA at $136 million.
  • Net profit after tax amounted to $5 million.
  • FY26 earnings guidance reaffirmed with EBITDA of $200-240 million.
  • Challenging market conditions with grain oversupply and low pricing.
  • Minimal impact from Middle East conflict on supply chain.
  • Focus on cost management, capital discipline, and portfolio optimization.
  • Declared interim dividend of 14 cents per share, fully franked.
  • Extended on-market share buy-back program.
  • Strategic initiatives in agribusiness, nutrition, and energy segments.
  • Progressing feasibility work for canola crushing capacity expansion.
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.