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Select Harvests Limited (ASX:SHV)

ALERT: Price-sensitive ASX Announcement for SHV
Current share price for SHV : $4.690 1.07 (29.56%)+
Announcement
Release
28 May 2026 9:21AM
Price at Release
$3.620
Full Release
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Summary
Select Harvests Limited reported an underlying NPAT of $29.1 million, a 32.9% increase, and a reported NPAT of $26.6 million for the half-year ending March 31, 2026. The company declared a fully franked interim dividend of 3.5 cents per share and announced an on-market share buy-back of up to 10% of its issued share capital. The 2026 almond crop is forecast at 29,500MT with an almond price of A$10.21/kg. Net debt rose to $182.6 million due to investment in the crop. Despite challenges such as delayed harvests and lower inventory, the company remains confident in its growth strategy with targets set for a production increase to 65,000MT and $700 million in revenue by 2030.
Key Points
  • Reported NPAT of $26.6 million for H1 2026.
  • Underlying NPAT increased by 32.9% to $29.1 million.
  • Interim dividend declared at 3.5 cents per share, fully franked.
  • On-market share buy-back up to 10% of issued share capital announced.
  • 2026 almond crop forecasted at 29,500MT, range 28,000MT - 31,000MT.
  • Almond price set at A$10.21/kg.
  • Net debt increased to $182.6 million.
  • Operating cash flow impacted by delayed harvest and lower inventory carryover.
  • Growth strategy targets 65,000MT and $700m revenue by 2030.
  • Improved safety performance with TRIFR reduced to 3.7.
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.