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Select Harvests Limited (ASX:SHV)

ALERT: Price-sensitive ASX Announcement for SHV
Current share price for SHV : $4.260 0.64 (17.68%)+
Announcement
Release
28 May 2026 9:26AM
Price at Release
$3.620
Full Release
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Summary
Select Harvests Limited has reported a 33% increase in underlying NPAT for the first half of FY2026, driven by improvements in crop yield and processing efficiency. The company plans to expand almond production capacity to 65,000MT and achieve revenue of $700 million by 2030. Strategic investments in infrastructure and technology, such as the Optimus capacity expansion and kernel recovery programs, have bolstered operational efficiency. An interim dividend of 3.5 cents per share has been declared, alongside a share buy-back initiative of up to 10% of issued capital. Despite inflationary and uncontrollable cost pressures, Select Harvests maintains a strong balance sheet, supporting continued capital returns and growth ambitions.
Key Points
  • 33% increase in 1H FY2026 underlying NPAT to $29.1 million.
  • Revenue growth supported by year-on-year crop growth.
  • Expansion plans to increase production capacity to 65,000MT by 2030.
  • Interim dividend declared at 3.5 cents per share.
  • Share buy-back of up to 10% of issued capital announced.
  • Strategic investments in Optimus capacity expansion and kernel recovery.
  • Maintains strong balance sheet to support growth.
  • Mitigating inflationary and uncontrollable cost pressures through strategic initiatives.
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.