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Ridley Corporation Limited (ASX:RIC)

ALERT: Price-sensitive ASX Announcement for RIC
Current share price for RIC : $2.610 -0.39 (-13%)+
Announcement
Release
20 Aug 2026 8:43AM
Price at Release
$3.000
Full Release
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Summary
The Preliminary Final Report for Ridley Corporation Limited for the financial year ending 30 June 2026 highlights substantial growth in revenue from continuing operations, which increased by 119.9% to $2,864.2 million. Despite this growth, the statutory net profit after tax fell by 36.4% to $27.6 million. The report notes significant financial changes following the acquisition of Incitec Pivot Fertilisers, impacting net debt which rose to $295.9 million. The company declared a fully franked final dividend of 5.35 cents per share, reflecting a solid performance despite the drop in profitability. Key activities during the year included the manufacture and distribution of premium animal nutrition products and fertilisers. Risks detailed in the report include those related to commodity price fluctuations and cyclical variations in demand.
Key Points
  • Revenue from continuing operations increased by 119.9% to $2,864.2 million.
  • Statutory net profit after tax (NPAT) decreased by 36.4% to $27.6 million.
  • The final dividend declared is 5.35 cents per share, fully franked.
  • The acquisition of Incitec Pivot Fertilisers contributed to significant financial changes.
  • Net debt at 30 June 2026 increased to $295.9 million from a net cash position of $64.7 million in FY25.
  • Directors' belief in presenting unaudited non-IFRS earnings per share before significant items.
  • The Board declared a final dividend payable on 22 October 2026.
  • The principal activities included manufacturing and distribution of animal nutrition and fertiliser products.
  • The document includes a Deed of Cross Guarantee among Ridley and its subsidiaries.
  • Significant operational risks include cyclical variations in product demand and commodity price fluctuations.
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.