Australian Agricultural Co Ltd (OTCPK:ASAGF)

Half Year 2025 Australian Agricultural Company Ltd Earnings Call Transcript

Nov 14, 2024 / 11:30 PM GMT

Release Date Price: $0.9639

Transcript

Key Points

Positve

Australian Agricultural Co Ltd (AAYYY) reported a significant increase in total sales revenue, up by $28.5 million to $195.5 million, driven by higher meat sales volumes.
The company achieved a positive statutory net profit after tax of $23.6 million, largely due to a $34 million unrealized mark-to-market adjustment of the herd.
The company's branded Wagyu meat sales increased by 30%, with a 14% rise in sales value, showcasing strong brand performance.
The West Home brand saw a 29% growth in volume and a 21% increase in total revenue, reflecting successful brand positioning and market engagement.
Australian Agricultural Co Ltd (AAYYY) is making significant progress in sustainability initiatives, including the Rangelands Carbon by Satellite project and solar upgrades to reduce emissions.

Negative

Operating profit decreased to $20.2 million, down from the prior period, due to global supply and demand dynamics affecting meat prices.
Wagyu meat sales price per kilogram fell by 17%, reflecting challenging market conditions and price pressures.
The company experienced a 10% year-on-year decrease in average live cattle prices, underperforming the benchmark.
Despite increased sales volumes, the operating cash flow remained relatively modest at $4.3 million, indicating ongoing financial pressures.
The company is not currently considering a share buyback, focusing instead on reinvestment, which may disappoint some shareholders seeking immediate returns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AAC.AX - Australian Agricultural Company Ltd
Half Year 2025 Australian Agricultural Company Ltd Earnings Call
Nov 14, 2024 / 11:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Australian Agricultural Company Limited FY25 half year results conference call and webcast. All participants are in a listen-only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question via the phones, you will just need to press the star key followed by one on your telephone keypad. If you wish to ask a question via the webcast, please enter it into the ask a question box and click submit.

I would now like to hand the conference over to Mr Dave Harris managing director and CEO. Please go ahead.

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