Ricegrowers Ltd
ASX:SGLLV
Ricegrowers Ltd
Ricegrowers Ltd. engages in the receipt and storage of paddy rice, milling of rice, manufacture of rice based products, marketing of rice and grocery products, research and development into the growing of rice, and the processing of rice and related products. The company is headquartered in Sydney, New South Wales and currently employs 2,000 full-time employees. The company went IPO on 2019-04-08. The firm's segments include The Rice Pool segment, which is engaged in receival, milling, marketing and distribution of Riverina rice, directly to customers across many channels. The International Rice segment includes purchasing, manufacturing, marketing, and distribution of bulk or branded rice products through intermediaries to consumers, food service and processing customers. The Rice Food segment is engaged in importation, manufacturing, marketing, and distribution of rice-based products. The Riviana Foods segment distributes both imported and locally manufactured specialty gourmet and entertainment food products to retail and food service customers. The CopRic segment manufactures and distributes bulk stockfeed to primary producers and branded packaged stockfeed and companion animal feed products. The Corporate segment captures the income and cost of holding and financing assets that it owns.
Ricegrowers Ltd. engages in the receipt and storage of paddy rice, milling of rice, manufacture of rice based products, marketing of rice and grocery products, research and development into the growing of rice, and the processing of rice and related products. The company is headquartered in Sydney, New South Wales and currently employs 2,000 full-time employees. The company went IPO on 2019-04-08. The firm's segments include The Rice Pool segment, which is engaged in receival, milling, marketing and distribution of Riverina rice, directly to customers across many channels. The International Rice segment includes purchasing, manufacturing, marketing, and distribution of bulk or branded rice products through intermediaries to consumers, food service and processing customers. The Rice Food segment is engaged in importation, manufacturing, marketing, and distribution of rice-based products. The Riviana Foods segment distributes both imported and locally manufactured specialty gourmet and entertainment food products to retail and food service customers. The CopRic segment manufactures and distributes bulk stockfeed to primary producers and branded packaged stockfeed and companion animal feed products. The Corporate segment captures the income and cost of holding and financing assets that it owns.
Profitability Up: Net profit after tax rose to $36.6 million, up 14%, and EBITDA increased 5% to $71.3 million, despite a slight revenue decline.
Revenue Down Slightly: Group revenue was $884 million, down 3% compared to the prior period, mainly due to declines in price-sensitive Pacific markets and lower priority tenders.
Margin Expansion: EBITDA margin improved to 8.1% from 6.9% two years ago, reflecting a focus on higher-value branded products and disciplined cost control.
Dividend Maintained: A fully franked interim dividend of $0.20 per B class share was declared.
Guidance Reaffirmed: The group expects both top and bottom line growth for FY '26 and stronger free cash flow generation by year-end.
Strategic Progress: SunRice advanced its 2030 Growth Strategy, including a new divisional structure and continued international expansion, especially in the Middle East and the U.S.
Market Challenges: The company continues to face competitive pressures, foreign exchange headwinds, and low mill out rates impacting paddy returns.
ASX 300 Inclusion: SunRice was added to the ASX 300 Index, reflecting increased investor confidence and liquidity.
