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Inghams Group Limited (ASX:ING)

ALERT: Price-sensitive ASX Announcement for ING
Current share price for ING : $2.225 -0.215 (-8.81%)+
Announcement
Release
20 Feb 2026 8:25AM
Price at Release
$2.440
Full Release
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Summary
Inghams Group Limited announced its interim financial results for the first half of FY2026. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) pre AASB 16 amounted to $80.6 million, which was in line with previous guidance but represented a 35% decline compared to the prior corresponding period. The net profit after tax also fell by 64.9% to $18.1 million. Despite challenges such as higher costs from excess inventory and supply chain transitions, the company saw a return to volume growth in the second quarter, aided by new business wins and improved wholesale pricing. The guidance for FY26 EBITDA has been revised downwards to between $180.0 million and $200.0 million, due to delayed realization of operational improvements. However, measures to improve operational performance are expected to support a stronger second half of the financial year and into FY27.
Key Points
  • Underlying EBITDA pre AASB 16 was $80.6 million, down 35.0% from the prior corresponding period.
  • Net profit after tax was $18.1 million, a 64.9% decrease compared to the previous period.
  • Revenue remained stable at $1,610.3 million.
  • Core poultry volumes declined by 0.7%; however, there was a return to volume growth in Q2.
  • Guidance for FY26 Underlying EBITDA pre AASB 16 was reduced to between $180.0 million and $200.0 million.
  • New Zealand operations remained stable and efficient, with strong branded performance.
  • Challenges included higher costs from excess inventory and supply chain transition inefficiencies.
  • Measures are in place to improve operational performance and reduce unit costs in the second half.
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.