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Ridley Corporation Limited (ASX:RIC)

ALERT: Price-sensitive ASX Announcement for RIC
Current share price for RIC : $2.740 0.28 (11.38%)+
Announcement
Release
26 Feb 2026 8:49AM
Price at Release
$2.460
Full Release
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Summary
Ridley Corporation Limited's Investor Presentation for the first half of FY26 outlines significant growth and strategic milestones. The company achieved a 9% increase in underlying EBITDA, largely due to the positive contributions from the acquisition of Fertilisers. This acquisition also resulted in a notable gain on bargain purchase, although partially offset by transaction and integration costs. Operational cash flow was strong, amounting to $127.9 million, supporting continued investments and acquisitions. Ridley's EBIT saw an 84% increase, while net assets rose to $542.1 million. They declared a final dividend of 5.10 cents per share, reflecting a commitment to delivering shareholder value. The Fertilisers segment alone contributed $10.3 million in EBITDA, showcasing its potential despite operating in a traditionally low demand period. Ridley continues to focus on disciplined capital management, maintaining a leverage ratio of 0.8x, indicative of a conservative financial approach.
Key Points
  • Ridley Corporation Limited saw a 9% increase in underlying EBITDA in 1H FY26, powered by the acquisition of Fertilisers, contributing positively at higher end expectations.
  • The company reported a significant gain on bargain purchase due to the Fertilisers acquisition, largely offset by associated transaction and integration costs.
  • Ridley's consolidated EBIT increased by 84% from the previous year, reflecting strong operational performance.
  • Cash flow was robust with $127.9 million of operating cash generated, supporting further investments and acquisitions.
  • The balance sheet showed improvements with net assets rising to $542.1 million, aided by strong asset management and acquisition impacts.
  • Dividend declared at 5.10 cents per share, an increase from the previous corresponding period, reflecting shareholder value commitment.
  • The Fertilisers segment contributed significantly with $10.3 million in EBITDA, despite being in a low seasonal demand quarter.
  • Ridley maintained a disciplined capital management strategy, achieving a leverage ratio of 0.8x, indicating conservative financial management.
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.