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Ricegrowers Limited (ASX:SGLLV)
ALERT: Price-sensitive ASX Announcement for SGLLV
Current share price for SGLLV : $12.970 -0.32 (-2.41%)+
Announcement
Release
19 Mar 2026 1:21PM
Price at Release
$13.290
Full Release
Summary
Ricegrowers Limited, trading as SunRice Group, has provided an update on their financial outlook for FY26, projecting growth in Net Profit After Tax (NPAT) due to their business mix and disciplined execution. However, the overall revenue for the year is expected to be in line with or slightly below the previous year due to strong competition in key markets and reduced product volume from lower yield and drier conditions in the Riverina. Current challenges include an appreciating Australian dollar impacting foreign operations and disrupted sales in the Middle East due to ongoing conflicts.
Key Points
- SunRice Group expects NPAT growth in FY26 despite challenging conditions.
- FY26 revenue projected to be similar to or slightly below the previous year.
- Strong market competition and lower yield impact revenue from key markets.
- Appreciation of Australian dollar negatively affects foreign results.
- Middle East conflict disrupts global shipping and sales in the region.
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.
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