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Ridley Corporation Limited (ASX:RIC)

ALERT: Price-sensitive ASX Announcement for RIC
Current share price for RIC : $2.860 0.17 (6.32%)+
Announcement
Release
10 Mar 2026 8:44AM
Price at Release
$2.690
Full Release
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Summary
Ridley Corporation Limited has outlined its FY26-FY28 Growth Plan, focusing on capital management, efficiency improvements, and growth opportunities. The plan includes increased earnings expectations driven by contributions from the Fertiliser segment, operational efficiencies in Bulk Stockfeeds, and capital investments in Packaged Feeds and Ingredients. Ridley emphasizes its diversified portfolio, strategic market positioning, and supply chain optimizations to enhance customer value and shareholder returns. The company is well-funded, with a disciplined capital allocation framework aimed at sustaining asset reliability, cost competitiveness, and targeting shareholder returns greater than 15% annually. Strategic initiatives include expanding the fertiliser distribution network, enhancing packaging capacity, and pursuing disciplined M&A opportunities.
Key Points
  • Focus on capital management and disciplined M&A opportunities.
  • Efficiency improvements and growth in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
  • Expansion in fertiliser, stockfeeds, and packaged feeds segments.
  • Strategic supply chain optimizations for increased customer value.
  • Targeted shareholder returns exceeding 15% annually.
  • Strengthened position in Australian agriculture and diversified portfolio.
  • Comprehensive growth plan funded through a strong balance sheet.
  • Implementation of regional model in fertilisers and operational optimizations.
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.