Full Year 2025 Ricegrowers Ltd Earnings Call Transcript

Jun 26, 2025 / 06:30AM GMT

Key Points

Positve
  • Ricegrowers Ltd (ASX:SGLLV) reported improved profitability with a net profit after tax of $70.7 million and EBITDA of $147.7 million, up 4% and 3% respectively from the previous year.
  • The company declared a fully franked dividend of $0.50 per B class share, increasing the total dividend for the financial year to $0.65 per B class share.
  • Ricegrowers Ltd successfully managed a complex operating environment, growing the value of its established brands and pursuing strategic growth opportunities.
  • The company launched over 40 new product lines across key categories, contributing to its profitability.
  • Ricegrowers Ltd's sustainability strategy and Net Zero road map were key strategic milestones, demonstrating a commitment to long-term environmental goals.
Negative
  • Group revenue was slightly down by 2% from the previous year, totaling $1.85 billion.
  • The naturally determined paddy price decreased to $406 per tonne for medium-grain rice, down from $430 per tonne in the prior year.
  • Revenue was affected by a sharp drop in global government tenders for the non-branded part of the business.
  • The company faced intensified competition across several markets, including the Pacific and the US, impacting revenue and margins.
  • The weak Australian dollar and the Papua New Guinean Kina posed challenges, affecting the cost of imported products.
Operator

Thank you for standing by, and welcome to the SunRice Group 2025 Full Year Results Conference Call and Webcast. (Operator Instructions)

I would now like to hand the conference over to SunRice Group CEO and MD, Mr. Paul Serra; and the company's CFO, Mr. Dimitri Courtelis. Please go ahead.

Paul Serra
Ricegrowers Ltd - Chief Executive Officer, Managing Director

Thank you. Good afternoon, and welcome, everyone. I'd like to welcome you all to today's investor call and webcast. We appreciate you taking the time today for us to take you through our 2025 full year results. My name is Paul Serra, CEO and Managing Director, and I'm joined here today by Dimitri Courtelis, our Chief Financial Officer.

The plan for today is to run through our 2025 results. I'll touch on some of the key achievements and then hand over to Dimitri to take you through the financials and the segmentation performance. And then I'll come back and cover off on our strategy and outlook, and we'll then open for questions. You should also see the investor presentation on the screen

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