Inghams Group Limited (ASX:ING)

ALERT: Price-sensitive ASX Announcement for ING

Current share price for ING : $2.030 -0.41 (-16.80%)⁺

Announcement

FY2026 Interim Results Presentation

Release

20 Feb 2026 8:27AM

Price at Release

$2.440

Full Release

Summary

Inghams Group Limited's FY2026 Interim Results Presentation highlights a challenging period with a slight decline in core poultry volume by 0.7% and flat revenue. Despite an increase in cost of sales due to inflation and supply chain challenges, the company's EBITDA saw a significant decline by 33.8%, impacting the NPAT which decreased by 64.9%. Cash flow from operations also decreased, but the cash conversion rate improved to 113.1% due to better working capital management. The company reported a capital expenditure of $47.6 million primarily for growth and maintenance, and an increase in net debt by $35.7 million. An interim fully franked dividend of 4.0 cents per share was declared.

Key Points

Decline in core poultry volume by 0.7% compared to previous corresponding period (PCP).
Revenue remained flat with a minor decrease of 0.1% versus PCP.
Cost of sales increased by 4.7%, primarily due to inflation and increased supply chain costs.
EBITDA declined by 33.8%, reflecting higher operational costs.
Net Profit After Tax (NPAT) decreased by 64.9%.
Cash flow from operations decreased by $32.8 million.
Improved cash conversion rate to 113.1%, primarily due to better working capital management.
Capital expenditure of $47.6 million for growth and maintenance.
Net debt increased by $35.7 million influenced by higher capital expenditure and lower earnings.
Interim fully franked dividend declared at 4.0 cents per share.

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.