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Select Harvests Limited (ASX:SHV)

ALERT: Price-sensitive ASX Announcement for SHV
Current share price for SHV : $4.450 0.83 (22.93%)+
Announcement
Release
28 May 2026 9:13AM
Price at Release
$3.620
Full Release
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Summary
Select Harvests Limited reported a significant decrease in revenue for the half-year ending 31 March 2026, with a 43.5% drop compared to the previous period, resulting in $58,992,000. Despite this, the company maintained a net profit after tax of $26,598,000. The company declared an interim dividend of 3.5 cents per share, indicating confidence in its financial stability. The company’s performance was supported by favorable almond market conditions, which are expected to continue. The financial results were also influenced by gains from the fair value of biological assets and sales of assets. The balance sheet was strengthened by an increase in net assets to $554,687,000, supported by rises in inventories and biological assets. Operational improvements and strategic focus on safety and employee development were also highlighted as key areas of progress.
Key Points
  • Half-year revenue decreased by 43.5% to $58,992,000.
  • Net profit after tax amounted to $26,598,000.
  • Interim dividend declared at 3.5 cents per share.
  • Strengthened balance sheet with net assets of $554,687,000.
  • Favorable almond market conditions expected to continue.
  • Fair value gains from biological assets contributed to financial performance.
  • Focus on operational improvements and employee safety.
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.