How Did FFI Holdings Limited (ASX:FFI) Grow Food Sales in FY26?

Sonal Goyal

27 October 2026 05:08 PM AEDT

How Did FFI Holdings Limited (ASX:FFI) Grow Food Sales in FY26?

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Highlights

FY26 revenue rose 7.4% YoY to AUD 62.76mn, while food operations sales increased 8.2%.
Reported NPAT declined 51.5% to AUD 3.23mn; the prior period included an investment-property revaluation gain.
Operating cash flow reached AUD 10.54mn and the business reported no borrowings at 30 June 2026.

During the 27 October 2026 trading session, FFI Holdings Limited (ASX:FFI) was quoted at AUD 4.89, unchanged at 0.00% . FFI operates food manufacturing activities and holds investment property assets. Its reporting separates sales and manufacturing profitability from rental revenue and investment-property valuation movements. The share quotation is an intraday figure, not a closing price, and is not attributed to the earlier company release. The following developments come from the announcement dated 17 August 2026.

FY26 Revenue and Profit

The 17 August 2026 preliminary final report recorded revenue from ordinary activities of AUD 62.76mn, against AUD 58.46mn in FY25, an increase of 7.4% YoY. Reported profit before tax was AUD 4.62mn compared with AUD 9.52mn a year earlier, while NPAT attributable to shareholders fell 51.5% YoY to AUD 3.23mn. The FY25 result included a AUD 5.19mn revaluation gain on investment property that did not recur in FY26. Excluding that prior-year gain, underlying profit before tax advanced 6.8% YoY from AUD 4.33mn to AUD 4.62mn. This distinction between statutory and underlying movements was explicitly set out by the company.

Food Manufacturing and Working Capital

Food operations recorded FY26 sales of AUD 61.39mn, up 8.2% YoY, and segment profit before tax of AUD 4.44mn, up 16.6% YoY. Management attributed the improvement to operational changes implemented over recent years. Net cash generated by operating activities reached AUD 10.54mn, compared with a cash outflow of AUD 5.28mn in FY25. The company explained that lower working-capital requirements contributed to the recovery after cocoa raw-material costs had affected the previous year. Inventories declined to AUD 13.24mn at 30 June 2026 from AUD 18.25mn one year earlier.

Investment Properties and Leasing

Rental revenue fell 26.0% YoY to AUD 1.25mn during FY26. FFI attributed the decrease primarily to a lease transition at one investment property, including a vacancy of approximately two months. The replacement agreement has a 10-year term and initial annual rent of AUD 0.938mn compared with AUD 1.28mn under the previous arrangement. Investment properties were carried at approximately AUD 31.5mn at 30 June 2026, broadly unchanged from the prior valuation basis. The reduced rent under the new lease and the length of the contract are distinct features of this segment.

Balance Sheet and Dividend

At 30 June 2026, FFI reported AUD 4.24mn of cash and cash equivalents, no borrowings and net tangible assets of AUD 4.52 per share compared with AUD 4.50 a year earlier. Total assets stood at AUD 79.66mn and net assets at AUD 61.94mn. Directors declared a fully franked final dividend of AUD 0.125 per share, unchanged YoY, bringing ordinary dividends for FY26 to AUD 0.225 per share, also fully franked. The announcement outlined a dividend reinvestment plan with a 5% discount for the final distribution.

About the Company

FFI operates food manufacturing activities and holds investment property assets. Its reporting separates sales and manufacturing profitability from rental revenue and investment-property valuation movements. The company’s financial, operational and commercial reporting should be read in the context of those activities and the reporting periods stated in its announcement.

Risks and Catalysts on Watch

The company identified volatile raw-material costs, working-capital needs and property lease changes as operational matters. Future disclosures can show food-segment margins, inventory levels, tenancy receipts and the durability of operating cash generation. Intraday trading activity is reported separately from these operational developments.

Key Developments to Follow

The FY26 report shows higher food revenue and underlying pretax profit alongside lower statutory earnings because of the non-recurring FY25 property gain. Its financial position included cash and no borrowings at year-end. Any subsequently announced results or milestones will provide the next company-reported comparison.

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