Highlights

• Inghams reported FY26 Revenue of AUD 3.23 billion, representing growth of 2.4% on the previous year.

• Core poultry volumes increased 1.9% to 470,100 tonnes as both Australian and New Zealand operations grew.

• Cost improvement and procurement initiatives generated AUD 82.3 million in savings during FY26.

• The group declared a fully franked final Dividend of 6.1 cents per share and introduced a Dividend reinvestment plan.

Poultry Volume growth returned during FY26 at Inghams Group Limited (ASX:ING), adding a different dimension to a year of substantial operational work. On 5 November 2026, the shares advanced 1.88% to AUD 2.17. The company’s full-year results show how customer diversification, volume recovery and cost initiatives developed alongside pressure on profitability, creating a more nuanced picture than the daily share-price move.

Customer Expansion Restores Volume Momentum

For the 52 weeks ended 27 June 2026, Inghams recorded revenue of AUD 3.227 billion, up 2.4% year-on-year. Core poultry volumes rose 1.9% to 470,100 tonnes. Australian poultry volumes grew 2.0% and New Zealand volumes rose 1.5%, with a return to growth in Australia following the onboarding of additional customer business. Group net selling prices increased 1.4% over the period.

The company described wider participation across retail, quick-service restaurants and food-service customers. In Australia, its food-service volumes increased 10.3%, while new Business improved the spread of customers. The company also highlighted a new Nando’s contract among its quick-service restaurant developments. These changes broadened its customer relationships rather than leaving volume growth dependent on a single channel.

Savings Improve the Operating Base

Inghams reported AUD 82.3 million in cost savings from procurement and continuous improvement initiatives during FY26. Cash conversion reached 105.5%, while net Debt reduced by AUD 27.1 million. Management also reported that inventories normalised as its operating reset progressed. The savings and working-capital developments were central to its account of the year.

However, Earnings remained lower than the prior period. Underlying EBITDA before AASB 16 was AUD 186.4 million, down 21.2%, and statutory net profit after tax reached AUD 34.6 million, down 61.5%. The company stated that the EBITDA outcome fell within its guidance range of AUD 180 million to AUD 200 million. Distinguishing operational progress from the earnings decline is essential to understanding the result.

Second-Half Improvement and Shareholder Returns

The group reported stronger second-half underlying EBITDA than in the first half, reflecting improvements across the operating network. It also declared a fully franked final dividend of 6.1 cents per share, with a dividend reinvestment plan introduced. The company identified ongoing efficiency, customer Diversification and a more balanced network as priorities for the next phase. Future gains remain dependent on performance rather than guaranteed outcomes.

Inghams shares traded between AUD 2.12 and AUD 2.21 on 5 November, with 1,797,401 shares changing hands. Market Capitalisation was about AUD 806.9 million, while one-year performance stood at negative 9.21%. Those market statistics are separate from the FY26 operating and financial results and do not, by themselves, establish why the stock moved that day.