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Ridley Corporation Limited (ASX:RIC)

ALERT: Price-sensitive ASX Announcement for RIC
Current share price for RIC : $2.870 -0.04 (-1.37%)+
Announcement
Release
21 Aug 2025 8:30AM
Price at Release
$2.910
Full Release
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Summary
The document is Ridley Corporation Limited’s Preliminary Final Report for the year ended 30 June 2023. It provides detailed financial results, including statutory and underlying net profits after tax, highlights on EBITDA, sales revenue, and final dividend declarations. The report discusses performance across Ridley’s key segments, Animal Nutrition and Ingredients, providing operational reviews, financial performance, and strategic highlights, such as growth in the Aquafeed business and commissioning of new facilities. It also covers statutory requirements, significant changes in state of affairs, principal activities, events after balance date, outlook, risks, and details on dividends, share capital, and remuneration of key management personnel. The report includes references to compliance, governance, and audit arrangements, and provides a comprehensive overview of Ridley’s financial and strategic position at the close of the financial year.
Key Points
  • Statutory Net Profit After Tax for the year ended 30 June 2023 was $25.4 million, underlying Net Profit After Tax was $31.7 million.
  • Underlying EBITDA increased by 6% to $81.0 million compared to the prior year.
  • Final dividend of 3.0 cents per share was declared, making a total fully franked full-year dividend of 6.0 cents per share.
  • Sales revenue for the year was $1,320.0 million, a 9% increase from the previous year.
  • The Animal Nutrition segment delivered higher earnings due to operational improvements and cost recovery initiatives.
  • The Ingredients segment saw EBITDA growth driven by new customer contracts and increased volumes in aquafeed.
  • Completion and commissioning of the new Tasmanian extrusion plant contributed to aquafeed growth.
  • No significant changes in the state of affairs other than those detailed in the report.
  • After balance date, no matters or circumstances have arisen that would significantly affect the company's operations or financial results.
  • The company continues to focus on growth opportunities, operational efficiency, and risk management for future performance.
  • Details on share capital, remuneration of directors and key management personnel, and statutory disclosures are included.
  • Auditor’s independence declaration and compliance with corporate governance practices are provided.
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.