Ridley Corporation Ltd
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Ridley Corporation Ltd
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Ridley Corporation Ltd
Ridley Corp. Ltd. engages in the production and market of stock feed and animal feed supplements. The company is headquartered in Melbourne, Victoria and currently employs 612 full-time employees. The firm operates through two segments: Bulk Stockfeeds and Packaged Feeds and Ingredients. Stockfeeds segment comprises of animal nutrition stockfeed solutions delivered in bulk. Packaged Feeds and Ingredients segment comprises of animal nutrition feed and ingredient solutions delivered in packaged form. Its product range include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. The company provides the nutrition feed to a wide range of species , such as horses, chickens , other poultry, working dogs, dairy cattle, beef cattle, sheep, goats, alpacas, llamas, kangaroos and wallabies, guinea pigs, rats, and mice. The firm provides its products under the brand names Ridley, Ridley Endorsed Brands and, other brands. Its services include suppliers, nutrition, and export.
Ridley Corp. Ltd. engages in the production and market of stock feed and animal feed supplements. The company is headquartered in Melbourne, Victoria and currently employs 612 full-time employees. The firm operates through two segments: Bulk Stockfeeds and Packaged Feeds and Ingredients. Stockfeeds segment comprises of animal nutrition stockfeed solutions delivered in bulk. Packaged Feeds and Ingredients segment comprises of animal nutrition feed and ingredient solutions delivered in packaged form. Its product range include packaged products, Monogastric Commercial Feeds, Ruminant Commercial Feeds, Aqua Feeds and Rendered Ingredients. The company provides the nutrition feed to a wide range of species , such as horses, chickens , other poultry, working dogs, dairy cattle, beef cattle, sheep, goats, alpacas, llamas, kangaroos and wallabies, guinea pigs, rats, and mice. The firm provides its products under the brand names Ridley, Ridley Endorsed Brands and, other brands. Its services include suppliers, nutrition, and export.
EBITDA Growth: Underlying EBITDA for 1H FY26 was $55.4 million, up 9% vs the prior period, including three months of contribution from the new Fertilisers segment.
Bulk Stockfeeds Strength: Bulk Stockfeeds EBITDA rose 25% to $27.1 million, driven by strong volume growth in both ruminant (up 13%) and monogastric (up 7%) sales.
Ingredients Segment Weakness: Packaged and Ingredients EBITDA fell 28% to $25.6 million due to supply constraints, lower protein meal prices, and processing challenges, though management expects a second-half improvement.
Fertilisers Outperformance: The new Fertilisers segment delivered $10.3 million EBITDA, exceeding expectations despite it being the lowest seasonal demand quarter.
Net Debt and Leverage: Net debt reduced by $22.4 million with post-acquisition leverage at 0.8x, comfortably within covenant limits.
Dividend Increased: Interim dividend increased to $0.051 per share, fully franked, up from $0.0475 in the prior half.
Positive Outlook: Management expects group earnings growth in FY26, led by the fertiliser peak season, efficiency gains in Bulk Stockfeeds, processing improvements, and some commodity price recovery.
Cost Synergies: Fertiliser integration is progressing, with $8 million recurring cost savings targeted from FY27 after a one-off $3 million cost, and a system migration expected to add $7 million annual savings from 2027.
